As part of Trafford Council’s ongoing commitment to support businesses, Trafford Council offer new and existing businesses the opportunity to borrow between £5,000 and £25,000 (APR 6.2%) repayable over 2 or 3 years to help you get a new business idea off the ground or to assist you with the growth of your existing businesses.
Applicants must fund at least 50% of the total cost of the scheme so for example, if you wish to take out a loan for £10,000, you must match it with £10,000 of your own funding. The fund will form part of the business support package available to all businesses in the Borough.
The Fund will be managed by GC Business Finance (GCBF), part of the Growth Company.
The Council would particularly welcome loan applications from businesses looking to reduce their carbon footprint or those looking to have a positive impact on the environment. The Council is also keen to grow key sectors of the local economy such as professional and financial services; advanced manufacturing; health: digital and creative.
The Council is currently reviewing the loan scheme to ensure it supports businesses in the most appropriate way and any changes to the scheme will be updated on this website.
For further information and to submit an Expression of Interest, please email the Inclusive Economy and Communities Team at email@example.com