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.
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.
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.
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.
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.
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
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
Accessing our quick online application form makes it easy to send us your details to see how Rosebud could help your company.
Tel: 01772 533639
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