Wednesday, March 13, 2013

News: UKSE improve access to finance for growing companies


UK Steel Enterprise (UKSE) is set to launch a new Access to Finance scheme backed by the government's Regional Growth Fund (RGF) programme.

The new Access to Finance grant scheme is expected to go live this spring but UK Steel Enterprise is already taking enquiries and companies interested should contact the company as soon as possible with details of their proposals. The new funding is available in all of UKSE's operating areas in England, including South Yorkshire.

UKSE is the subsidiary of Tata Steel that provides business growth finance of between £25,000 and £750,000 to growing companies in the traditional steel-making areas of the UK.

Keith Williams, regional manager at UK Steel Enterprise, said: "This is a boost to companies with genuine growth prospects and will enable UK Steel Enterprise to provide a package of business finance products which could include grant funding, business loans and equity based development capital. We would like to hear from any company considering proposals that will create sustainable jobs."

The grant funding element will be available to part finance eligible expenditure, which includes capital investment in plant and equipment, and applicants must demonstrate the creation of sustainable jobs as a result of the project. The amount of grant available will vary depending on location, the nature of the project and the number of jobs being created but could be up to 35% of eligible expenditure.

UKSE website


Anonymous,  March 13, 2013 at 10:25 AM  

This is excellent news for Rotherham businesses.

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