Business Support
- Does your business need capital to start up or expand?
- Is your turnover less than £500,000 per annum?
- Commercial rates of interest too much for you to
afford?
If yes, then the
Mid Suffolk Business Loan Scheme may be the
thing you were looking for.
Mid Suffolk District Council is working in partnership with
Barclays Bank to offer loans of up to £50,000 with the interest
rate being subsidised for two years, of up to 4% (year one)
and 4% (year two).
Eligibility
- Your business must be based within the Mid Suffolk
District
- Your annual turnover must be less than £500,000
- You must be able to demonstrate need for subsidy
- All loans are discretionary and subject to Barclays standard
terms and conditions
Mid Suffolk District Council also has a grant
scheme to help with the conversion of buildings into
business use. Grants of up to 25% can be given to assist with
conversion costs to bring premises into commercial use. Appropriate
planning permission must be in place and grants cannot be give
retrospectively for any works completed or in progress.
Grants are discretionary and funding is limited. Please contact
Dawn Easter on the details below to discuss your proposal.
For further information contact:
Dawn Easter- Economic Development Officer
Mid Suffolk District Council
Council Offices
131 High Street
Needham Market
Ipswich
Suffolk
IP6 8DL
telephone: 01449 724635
Email:
Dawn.Easter@MidSuffolk.gov.uk
Supporting papers