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4th December 2013

Entrust: £2.4m Growth Fund for North East SMEs/Third Sector

The Entrust Growth Fund is a £2.4m fund aimed at stimulating growth in existing North East based businesses by providing finance for working capital and/or asset purchases.  The fund will help in the creation, and safeguarding, of jobs in the North East region.

Loans of up to £50k are available to existing businesses who are finding it difficult to secure mainstream finance.  There are no restrictions on the sector or business activity of the organisations who can apply for the loan.  The fund is also available to Third Sector organisations.

The Entrust Growth Fund can offer:

  • Loans of up to £50k
  • A flexible tailor-made loan package to meet individual business needs
  • Typical loan terms of 1 - 3 years
  • Competitive rates and fees
Eligibility:
  • Micro and SMEs
  • Must be unable to access all or part of the funding from mainstream finance but have a viable business capable of repaying a loan.
  • Applicants must be located in the North East of England
The fund opened for applications from mid May 2013 and will be available initially until December 2016. Loans may be subject to security.

How to apply: Please complete the application form and return via e-mail to growthfund@entrust.co.uk

Contact information: In case of queries please contact the Entrust team on 0191 244 4000

 About Entrust:  Entrust is a not-for-profit organisation providing business support to clients across all industry sectors and at all stages of development.  You can read more about Entrust at www.entrust.co.uk.