SWLEP is inviting applications to the £8m fund to support capital investment by local businesses.
Businesses are able to makes applications from £750,000 up to around £2m to support projects that help stimulate innovation, enterprise, growth or productivity in the Swindon and Wiltshire region.
The GPIF is a revolving loan fund which has negotiable terms for repayment and a two stage application process.
Stage one of the process comprises an application form which will be independently assessed before being considered by the SWLEP board.
- £120m North East business investment fund goes live
- Growth Street to lend £50m to North West SMEs
- NPIF provides £31m to northern SMEs
Meanwhile, stage two focuses on developing more detailed business information on issues such as project costs and procurement.
The deadline for applications is 5pm on 4th May 2018, with projects expected to be initiated this year and completed by March 2021.
In March 2018, the Woods Group secured a £1.3m loan from the GPIF towards the construction of Lansdowne House, the company’s new HQ building at the Bumpers Farm Trading Estate in Chippenham.
Construction is expected to be completed in July 2018.
John Lowndes, director at the Woods Group, said: “We are delighted to have been awarded the loan from the Swindon & Wiltshire Local Enterprise Partnership, without which our construction plans would have been delayed.”
Leave a comment