Business Grants and Funding
Development Loan Fund
A £10m Development Loan Fund has been set up by Wyre Forest District Council in collaboration with fund manager Finance Birmingham, to help fuel new development in the area.
Developers and business owners with a project that needs support are encouraged to put in an application to this fund which has been created to boost investment and regeneration in Wyre Forest. Ambitious new schemes which support the council’s priority for regeneration and economic growth are the target projects for the fund.
The intention is to unlock development sites and support economic growth. It is also designed to unlock capital projects that have the potential for job creation and/or housing and can quickly deliver tangible economic outcomes through providing additional capital investment.
Individual funding approvals are invited of between £500,000 and £5,000,000. Applications below £500,000 will only be considered in exceptional circumstances. Projects above this financial range may be considered but must deliver exceptional outputs and/or provide exceptional value for money.
Read more about Small Business Support from Government in response to COVID-19.
For further advice and support with business grants, please contact us.
For information on the range of business grants currently available (subject to eligibility) visit NWedR - North Worcestershire Economic Development and Regeneration.
NWedR is the shared service serving Bromsgrove, Redditch and Wyre Forest local authorities to drive economic prosperity and regeneration across North Worcestershire.