Enterprise Answers has secured £1.8m from the Regional Growth Fund to assist businesses across the county, through the provision of loan finance, enabling business growth and job creation.
The Community Development Finance Association (cdfa) has been awarded £60 million in funding under the Government’s Regional Growth Fund scheme, the biggest ever investment available to Community Development Finance Institutions (CDFIs). The cdfa will receive £30 million allocation from the Regional Growth Fund and £30 million of bank finance over three years.
Enterprise Answers has been recognised by Mark Prisk MP, Minister of State for Business and Enterprise, as playing an active part in supporting Cumbrian business.
Enterprise Answers has been accredited by the Department for Business, Innovation and Skills to offer business loans of up to £50,000 under the Enterprise Finance Guarantee (EFG).
Enterprise Answers has made a loan to Corporate Care Furness Limited, a domiciliary care provider based in Barrow in Furness, which has taken the total loaned to Cumbrian businesses beyond the £1 million mark.
