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Rosebud business finance

Rosebud is a package of financial assistance for growing businesses in Lancashire County Council's administration area, provided by Lancashire County Developments Ltd (LCDL), which is a wholly owned subsidiary of the council. 

Helping businesses grow for over 31 years

Is it for you?

Rosebud is looking to support growing businesses in the following high growth business sectors:

Businesses in the 12 local authority areas are eligible for the funding: Burnley; Chorley; Fylde; Hyndburn; Lancaster; Pendle; Preston; Ribble Valley; Rossendale; South Ribble; West Lancashire; Wyre.

Businesses should be based in the Lancashire County Council administrative area or relocating here.

Our aim is to help you grow

Rosebud aims to create an increasing number of better paid jobs. If your plans have good turnover projections and profit margins, and will enable new jobs to be created above the average weekly wage, specifically graduate level or above, we want to hear from you.

Get extra funding

A loan from Rosebud could help you to unlock other finance.

The funding landscape has changed in recent years. Banks will often no longer lend on their own - they want businesses to source other funding. This could be Rosebud.

Rosebud can help aspiring companies to develop technology and innovation, acquire plant and equipment and complete mergers and acquisitions. Finance is available as loans or a combination of equity and loans, known as mezzanine finance.

More than just money

As well as funding your growth ideas, Rosebud also includes complimentary support and advice that's tailored to your needs.

You can access and tap into a vast array of services (subject to eligibility) through Boost Business Lancashire, which is Lancashire's business growth hub. A central point with connectivity to a range of invaluable programmes designed to stimulate and support business growth.

You'll get ongoing hands-on support from your designated Rosebud Account Manager including half-yearly meetings to review your growth plans. This has been valued by the businesses we have already helped.

Key facts

  • Loans provided between £10,000 and £300,000 for ambitious growing businesses seeking to expand their workforce
  • Interest rates typically will be between 6-10% with an admin fee of 2.5%

  • Loans are typically taken out for three to five years. And there's no penalty for early repayment

  • You'll need to disclose if you've got a bad credit history, but it won't necessarily stop you from getting funding

  • Loans are typically taken out for three to five years. And there's no penalty for early repayment

  • You'll need to disclose if you've got a bad credit history, but it won't necessarily stop you from getting funding. 

Full details of how we process your personal data, who we share personal data with and your rights with respect of your personal data can be found on our privacy notice

How to apply

Accessing our quick online application form makes it easy to send us your details to see how Rosebud could help your company.

Contact

Email: rosebud@lancashire.gov.uk

Tel: 01772 533639

Working in Partnership with: 

Boost - Lancashire's Business Growth Hub