East of England Regional Growth Loan Scheme

The East of England Regional Growth Loan Scheme, supported by the Department for Business, Energy and Industrial Strategy, is available to established incorporated businesses based within the East of England (please see map) that have a minimum annual turnover of £100k, show strong growth potential and have a medium to long-term funding requirement to deliver that growth.

Key Features

Loan Amount: £50,000 – £200,000

Business Location: East of England – Essex, Suffolk, Norfolk, Cambridgeshire, Bedfordshire, Hertfordshire

Loan Term: Min 2 yrs; Max 5 yrs

Turnover: Typically minimum £100,000 per annum

Interest Rate: 5 – 9% above base rate, depending on risk assessment

Security: All Assets Debenture. Limited, un-supported personal guarantees may be required, depending on risk assessment

Interest charges and fees apply

Eligibility

SMEs applying to the East of England Regional Growth Loan Scheme must have the following:

  • a clear business strategy that credibly delivers significant growth
  • a proposition that addresses product markets which are likely to grow strongly in the medium term
  • a business plan demonstrating:
    • a viable product or service
    • a ready market
    • competitive advantage
    • a management team with relevant background
    • the right to exploit intellectual property rights where necessary
  • Stuart Ager Senior Fund Manager
  • Francis Kenealy Fund Manager
Step 1 Download and complete an Application form
Click to download
East of England Regional Growth Loan Scheme
Step 2 Post or email the completed form to:
Finance East Ltd,
Unit 1, Basepoint Business Centre
70-72 the Havens, Ransomes Europark
Ipswich, IP3 9SJ
01473 722910
Exclusions: The following sectors are excluded:

land and property development, dealing and investment, financial services, accountancy, legal services, hotels, nursing, residential care homes, international motor transport, agriculture, forestry and timber production, horticulture.