Rosebud fund to deliver £11.5m boost to Lancashire businesses
Lancashire County Council has selected investment specialist GC Business Finance (GCBF) to deliver its £11.25m Rosebud business finance fund to growing businesses in the county. Under the new funding package, GCBF will oversee Rosebud loans from £10,000 to £300,000 for businesses in Lancashire over the next five years.
Rosebud aims to create around 150 new jobs per year and will focus on sectors such as aerospace; advanced manufacturing; digital and creative; energy and environment; health innovation; and financial and professional services.
Paul Breen, director of GC Business Finance, said: “Lancashire is a strong and vibrant economy and home to a vast number of successful businesses. However, some companies struggle to access funding through traditional means which is where Rosebud can play a vital role in helping them achieve growth.
“While we already deliver funding solutions in Lancashire, being able to offer Rosebud finance will add further value and capacity to the support we can offer to Lancashire businesses. We look forward to getting the Rosebud funds out to market and stimulating further economic growth.”
Businesses interested in applying for Rosebud finance can do so via the Lancashire County Council website and through Boost; Lancashire's Business Growth Hub.