With £1million of funding available, Sedgemoor District Council is inviting firms in the Burnham-On-Sea area to make expressions of interest for a financial boost from Sedgemoor’s Business Accelerator Loan Fund.
The re-launched fund is aimed at supporting local businesses who are looking to grow and will provide loans of between £50,000 and £350,000 to individual companies expanding to new premises or moving to Sedgemoor and that are seeking to build new property.
“Loans will be provided at competitive rates to assist firms to more easily finance new construction, and with flexible terms to allow for easier repayment and to encourage further investment,” explained a spokesman.
“Through the loan scheme, the Council is seeking to encourage businesses to build and invest in the local area, creating both new jobs for local residents as well as accelerating Sedgemoor’s recent economic performance.”
Businesses who meet the eligibility criteria are invited to send in Expressions of Interest (form available online) to economic.development@sedgemoor.gov.uk or post to Economic Development, Sedgemoor District Council, Bridgwater House, King Square, Bridgwater, Somerset, TA6 3AR by Friday 13th May. Further details can be found here.
If you have any questions about the fund or moving your business to Sedgemoor please call 01278 435435 and ask to speak with the Economic Development team to find out more.
