Staffordshire Business Support Fund

Staffordshire Business Support Fund

The Staffordshire Business Support Fund will invest in future jobs and entrepreneurial energy, creating a feedback loop of positive impacts for Staffordshire's economy.

Staffordshire County Council has got together with the Black Country Reinvestment Society (BCRS) to create the Staffordshire Business Support Fund.

Staffordshire County Council will provide £500,000 of funding which will be matched by European Regional Development Fund money provided by Advantage West Midlands.

From November BCRS will be able provide loans to small businesses of £10,000 to £50,000 which will be repayable over a four year period.

Companies will have to be based in Staffordshire, employ less than 50 employees, and have been turned down by the conventional banks.