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SKDC support small businesses

South Kesteven District Council has launched a new £100,000 loan scheme that will support small business across the area.

The scheme is designed to help businesses who have had difficulty procuring funding elsewhere and will offer up to £10,000 to these businesses to help them grow by supplementing their existing investment of business loans. Fixed rate loans will last a maximum of three years with the council prepared to offer £4,000 and £10,000 to help reduce the bank's exposure so they are more likely to lend.

The scheme is open to any independent business with less than 50 employees who can demonstrate their potential for growth. Councillor Frances Cartwright explained:

"We are well aware of the difficulties many business face in this economic climate and we hope that our new loans scheme will help local companies with some of the issues they face over accessing finance and growing their business."

Workplace Property are pleased to see the council supporting small businesses in the area. King Street Industrial Estate in Langtoft offers industrial units and commercial property to let and is home to a variety of small businesses and start-ups and we would love to see them and others like them benefitting from schemes like this.

The Council also offer a Hardship Relief programme which can reduce all or part of business rates for struggling businesses.

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