Future Solent, together with Local First Community Interest Company, Eastleigh Borough Council and the Hampshire Chamber of Commerce, has launched a ‘Green Growth Business Loans Scheme’ for Small and Medium sized Enterprises (SMEs) mainly based in the Solent and Isle of Wight region. The £950,000 fund is open to borrowers who can match-fund the loan, demonstrate that their project will create jobs, and who are either operating in the green economy or are funding a project in the green economy (widely defined to include environmentally beneficial or sustainability-enhancing projects).
The scheme will help businesses working in fields such as:
• environmental technologies and services (such as energy efficiency / retrofit);
• waste and recycling;
• renewable and low carbon energy production;
• sustainable development;
• marine and maritime;
• sustainable design, engineering and construction
or involved in projects with demonstrable environmental benefits. Applicants are invited to make the case that their project is part of the green economy and eligible for a loan.
Scheme administrator Richard Hall said:
“These loans are intended to help established businesses start projects that create jobs in Hampshire. Rates will start from 3.5% and will depend on the strength of the project. We aim to make the process of borrowing the money as straightforward as possible. Interested businesses are welcome to contact me (07770 605664 / Richard@futuresolent.co.uk) for an initial discussion. Alternatively fill in an Expression of Interest form and send it in. The expression of interest form can be downloaded here: