South West Investment Group
fresh start

Fresh Start Loan Fund
The Fund provides finance to new entrant and tenant farmers in Cornwall and Isles of Scilly that need help to start and develop their land based businesses.

 

 

Who Qualifies?

New entrant and existing tenant farmers in Cornwall and the Isles of Scilly.

Successful applicants will need to show potential viability and be unable to raise sufficient funding from traditional sources in order to proceed.

How Can The Fund Help?

The fund will provide match funding loans of up to £50,000. It is expected that applicants will raise at least half of the required project finance from other sources, e.g. own funds, banks or other lenders. However, consideration may be given to applicants for more than 50% of costs if the need can be substantiated.

What Can It Be Used For?

Most reasonable costs associated with the new business other than land purchase, will be considered for support.

Terms of Finance

Annual interest of 7.5% fixed

Typical APR 7.76%

Flexible repayment period up to 84 months

Capital repayment holidays considered

Early repayments accepted without penalty

How to Apply

Further details and application forms are available from:
Applications must be submitted with a full business plan via a business advisor.

How to Contact Us

For further details or an application form, click on the relevant link below:

Downloads:
Fresh Start - application form
Fresh Start - guidance notes