Future South, together with Local First Community Interest Company, Eastleigh Borough Council and the Hampshire Chamber of Commerce, has launched a ‘Green Growth Business Loans Scheme' for Small and Medium sized Enterprises (SMEs) mainly based in the Solent and Isle of Wight region.
The £950,000 fund is open to borrowers who can match-fund the loan, demonstrate that their project will create jobs, and who are either operating in the green economy or are funding a project in the green economy (widely defined to include environmentally beneficial or sustainability-enhancing projects).
The scheme will help businesses working in fields such as: environmental technologies and services (such as energy efficiency / retrofit); waste and recycling; renewable and low carbon energy production; sustainable development; marine and maritime; sustainable design, engineering and construction; or involved in projects with demonstrable environmental benefits.
Applicants are invited to make the case that their project is part of the green economy and eligible for a loan.
These loans are intended to help established businesses start projects that create jobs in Hampshire. Rates will start from 3.5% and will depend on the strength of the project.
For more information contact Richard Hall on 07770 605664.