Local lenders

Business Enterprise Fund

The Business Enterprise Fund is a social enterprise that lends money to businesses who are unable to get lending from high street banks. The Fund provides loans from £500 to £150,000 to individuals for business use in West or North Yorkshire.

Telephone 0845 2003919, email info@befund.org

LEP loans

Leeds City Region LEP offers loans of between £500,000 and £1 million for businesses based or investing in the Leeds City Region, to support capital projects, focusing particularly on infrastructure.

These loans are designed for projects that are ready to proceed but have been delayed, and now need support to kick-start the development. The funding is available to support infrastructure projects that will help to accelerate economic growth, deliver new jobs, remove barriers to development and use resources more efficiently.

Eligibility

In order to receive funding:

  • Your project must create permanent new jobs in the Leeds City Region.
  • You must have private finance available: either your own, from a bank, or other commercial finance to invest alongside.
  • For every £1 of LEP funding sought, you must be able to provide at least £3 of private sector investment.

To enable the fund to revolve, you must be able to repay the loan within five years. There is no closing date, however the round will close when fully allocated.

Contact the LEP on BusinessGrowth@the-lep.com

Search for funding to help start or grow your business


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