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South East Sustainability Loan Fund
The Fund will provide matching funding to existing sources of publicly funded loan finance for businesses in the South East, being:
- Loan funds comprised within the SEEDA sponsored South East Funding Escalator, managed by Finance South East and
- Other publicly funded loan schemes for SMEs in the South East.
The Fund will offer loans of between £20,000 and £200,000 to ‘qualifying enterprises’ and will support companies that will be:
- Operating in new and emerging ecologically driven market sectors;
- Delivering products or technologies that will contribute to a reduction in the region’s ecological footprint; or
- Delivering innovation in other business sectors that result in more resource efficient business practices.
SEEDA manages the South East ERDF Competitiveness Programme 2007-13 on behalf of the region. The ERDF has allocated £15.2 million (€23.706) to the South East over the period 2007-13.The total value of the programme is €47.412m (£30.4m) running from 2007 to 2013. The aim of the programme is to promote competitiveness and sustainability to stimulate innovation and encourage efficient business practice whilst reducing the region’s ecological footprint.
Eligibility
In order to apply for the South East Sustainability Loan Fund, potential applicants must first meet the eligibility criteria of the relevant ‘Primary Loan Fund’ and must make an application to that fund.
Terms & Conditions
All companies supported will have high growth potential and will range from early stage commercialisation through to more established revenue generating enterprises.
How to Apply
Applicants should apply to the relevant Primary Loan Fund and indicate their interest in the SESLF.
