Business growth funding is available for South West micro, small and medium sized businesses with growth potential supported with Regional Growth Fund and European Regional Development Fund finance. If you are a growing business but find yourself unable to secure all the funding you need, this loan could be for you.
Fill out your business details on the initial application form below and we will get back to you shortly with further information.
Regional Growth Fund
- Loan amount £10,000 to £100,000
- Maximum 3 year term
- Interest charged 10% fixed
- Arrangement fee of 2% of loan amount payable on loan draw down
South West Loans Fund
- Maximum amount £50,000
- Maximum 5 year term
- Commercial rates of interest charged in line with EU guidelines (normally between 6% and 10% fixed)
- Arrangement fee of 1% of loan amount (min. £75) payable on draw down
- Monitoring fee of 1% of original loan (min. £75) payable per year
Loans subject to personal guarantees, further security may be requested according to commercial risk.
If you would like help with your application and business financials, we may be able to arrange support, please let us know in the initial application form below.
Eligible applicants will need to meet a number of criteria and have viable business plans. If you are are interested in accessing these funds, or have other financing requirements, give us a call or drop us an email at email@example.com.
If you provide Electronically Supplied Services to private customers in other EC countries you are likely to have been impacted by an EC wide change in the place of supply rules. Until 31st December 2014 the place of supply of such services has been where the supplier belongs so, for a UK supplier, would have normally been subject to a 20% UK VAT charge.
As from 1st January 2015 the place of supply changed to where the private customer belongs and will be subject to VAT at the rate pervading in the appropriate EC country. So a sale of electronically supplied services to a German based private customer as from 1st January 2015 is subject to a 19% German VAT charge.
For UK suppliers HMRC have set up a one stop shop electronic service called MOSS through which UK businesses can account for all EC VAT charged to customers on a calendar quarter basis. Businesses affected need to register with MOSS as soon as possible thus avoiding the need to register directly in other EC countries.
Electronically supplied services include the following:
- Website supply, web-hosting, distance maintenance of programmes and equipment
- Supply of software and updating thereof
- Supply of images, text and information and making available of databases
- Supply of music, films and games, including games of chance and gambling games and of political, cultural, artistic, sporting, scientific, educational and entertainment broadcasts and events, and
- Supply of distance teaching