Find Out More

If a Business Plan is available it should be forwarded by email or post to: Pf@evgroup.uk.com; or Paul Ferguson, Enterprise Ventures Ltd, Preston Technology Management Centre, Marsh Lane, Preston, Lancashire, PR1 8UQ If no Plan currently exists then an application form can be found at: http://www.lancashire.gov.uk/corporate/lcdl/finance/rosebud/tips.asp and should be forwarded as above

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Rosebud Business Finance

• A long-standing additional source of funding for businesses in Lancashire which are finding it difficult to access the finance needed for growth from banks/asset funders. • Priority is given to certain industry sectors – see below • Companies must be in the administrative county of Lancashire

Scope/Activity

• Designed to aid growing businesses and hence contribute to job creation/the enhancement of local economies. • Rosebud is not grant money. • Rosebud is not available to businesses in Blackburn with Darwen or Blackpool.

What it involves;

• Funding is by way of either loan, equity or a combination of the two. • The amount available ranges from £50,000 to £1m. • It can be used in support of capital or revenue expenditure. • It is strongly preferred for Rosebud to not be the sole funding element but this is not a rigid requirement.

Eligibility

• Based in the administrative county of Lancashire? • Not a PLC? • In one of the following priority sectors?: Aerospace Advanced manufacturing Creative and Digital Energy and Environmental Finance and professional [companies inother sectors can be considered but will need to demonstrate that funding will bring very positive benefits to the local economy] • If successful, will the funding be used to assist in expansion of the business and job creation – particularly skilled jobs?