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
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.
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?
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