Objective

The Objective of the Fund is to provide complementary business and financial support for the development of small businesses in the Exeter area, in order to increase turnover, profitability and sustainable employment.

Type of Finance

The Fund will provide, to successful applicants, loans of £1,000 - £30,000. Higher amounts can be considered if appropriate.

Interest is charged at 6% above HSBC Bank base rate and the capital provided is subject to a one-off 1% arrangement fee at outset. There are no other charges.

Eligibility

The Fund is available to new and small businesses (including sole traders, partnerships, co operatives and limited companies) in the Exeter area that have 250 employees or less.

Applicants must be:

	Unable to raise sufficient bank finance
	Viable with support
	Based within the Exeter City Boundary
	Not directly displacing other local businesses

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

Links:
view past funding examples
how to apply

Downloads:
Exeter Business Support Fund - application form
Exeter Business Support Fund - guidance notes