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 aims to create an increasing number of better paid jobs. If your plans have good turnover projections, 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 also 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.
Garstang-based Display Wizard quadrupled turnover and headcount with the help of a loan and support from Rosebud
How does it work?
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’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.
Who is it for?
Rosebud is looking to support growing businesses in the following high growth business sectors:
- Advanced manufacturing
- Finance and professional
- Creative and digital
- Energy and environment
Businesses in the 12 local authority areas of the authority are eligible for the funding: Burnley, Chorley, Fylde, Hyndburn, Lancaster, Pendle, Preston, Ribble Valley, Rossendale, South Ribble West Lancashire and Wyre.
Businesses should be based in the above Lancashire County Council administrative area or relocating here.
How do I apply?
Accessing our quick online application form makes it easy to send us your details to see how Rosebud could help your company.
- 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.
- 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.
You can access and tap into a vast array of services, (subject to eligibility) including Rosebud, through Boost Business Lancashire. To start your growth conversation today, call 0800 488 0057 or complete the contact form and one of our advisers will be in touch.