Marches LEP are inviting projects from private developers, housing companies and companies that have expansion plans to take advantage of £4m of funding that will help bring forward development projects across the Marches to create much needed homes and jobs.
The fund, the first round of which was launched July 2015, followed an award from Governments Growing Places Fund and can provide funding in the form of a loan, equity or joint venture, supporting stalled projects. Additionally loan assistance for projects needing to complete their final stage feasibility studies can also be awarded.
Rachel Lister of Thomas Lister, who administer the fund on behalf of the Marches LEP commented;
“This second round of funding will be aimed at further compounding the positive level of interest and applications received following the first round of funding. Thomas Lister are currently undertaking detailed due diligence of projects with a total funding request of £3.5 million. Announcements will soon be made in respect of those successfully awarded funding. The fund is intended to provide a means of overcoming issues of access to institutional finance and is intended to kick start stalled developments and to assist in undertaking final stage feasibility work which will enable development to proceed”.
For further information on the fund please visit the Marches LEP website where you will find detailed fund guidance as well as preliminary project assessment application forms.
Alternatively you may contact Caroline Cattle the Marches Investment Fund Manager on 01743 462026 or Rachel Lister on 01527 871640 who will be happy to discuss the fund.