New funding hub is launched
Lancashire companies seeking funding to fast-track their growth can now visit a new online hub to get a better understanding of the options open to them.
The new funding hub has been launched by Lancashire County Council and the Lancashire Enterprise Partnership (LEP).
As well as information about a variety of funding options it also includes insight from funding experts as well as business owners and managers who have been on their own funding journey.
The hub has been designed to provide a single-entry point so people running businesses in Lancashire can better understand their options for external finance.
It is in response to a report commissioned by the LEP and conducted by economic and social research consultancy EKOS about Lancashire companies’ use of external finance.
Lancashire Funding Hub can be found on the Boost; Lancashire’s Business Growth Hub website.
It includes both debt and equity finance such as Lancashire Enterprise Partnership’s Growing Places Fund, Innovate UK funding, the Northern Powerhouse Investment Fund and Rosebud Finance.
The hub will also feature inspirational content including Q&As from well-known funding providers in Lancashire and companies from across the county that have grown successfully using external finance.
Debbie Francis, chair of Lancashire Enterprise Partnership, said: “By better connecting Lancashire’s funding community with businesses, we will not only inspire more homegrown companies to use external funding to grow, we will also enhance Lancashire’s economic offer to wider audiences.
“For example, the Funding Hub will help Lancashire create a stronger proposition for foreign owned companies who want to base themselves here and expand.
“In addition, it will allow us to promote LEP initiatives such as the £20m Growing Places Fund and encourage start-ups and scale-ups from a variety of sectors to explore the wide range of funding pathways which are available through our partners.”
Businesses can find the hub on the Boost website here: https://www.boostbusinesslancashire.co.uk/business-support/lancashire-funding-hub/
If you would like to conduct further discuss funding options contact me on 01772 43000.
