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?

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