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Development Loan Fund - Eligibility and How to Apply

We are currently inviting outline proposals for the Development Loan Fund.

It is anticipated that individual funding approvals will be between £250,000 and £5,000,000. Projects above this range may be considered but must deliver exceptional outputs and/or provide exceptional value for money. Please note that we are not able to provide loans of less than £250,000.

Progression of any application is subject to available funds.

All applications will be assessed against the following criteria:

  • Projects must be capital schemes that are ‘ready to go’ and are able to generate sustainable employment/housing supply quickly
  • Projects must be located in, and significantly contribute to, the economy of the Wyre Forest
  • Projects should have outline planning consent and/or a reasonable expectation that full planning consent will be granted within six months

Applications must be able to demonstrate they are capital projects, meaning that an investment:

  • Must be used for the acquisition or enhancement of an identifiable asset with a life of more than one year
  • Can include the costs (excluding interest) of assets acquired under a finance lease
  • Cannot be used to fund moveable assets where there is an expectation of immediate re-sale

We would particularly welcome development projects that create skilled employment, especially in one of Wyre Forest’s key sectors such as advanced manufacturing or engineering.

For more information download our application guidance notes.  Please note that there is a Due Diligence process that will be undertaken before entering into contract.

Wyre Forest District Council