Oldham Enterprise Fund Launch 21/2/17
The Oldham Enterprise Fund was launched this week at an event attended by over 100 people in Mahdlo Youth Zone.
The fund is a £4 million pot of funding aimed at supporting local enterprise and to stimulate the Oldham economy. With the funding comes a wide range of free business advice and support.
Business support and finance can be hard to find as they are both offered by a cocktail of providers based in a variety of locations funded by different agencies.
The Oldham Enterprise Fund is a partnership approach to providing easy to access funding for business finance in Oldham.
The partners, Oldham Enterprise Trust, the Stoller Charitable Trust, Business Finance Solutions, Oldham Council and the Business Growth Hub aim to provide Oldham with a suite of products under a single Oldham Enterprise Fund banner with which to go to market with the Oldham brand. Critically the fund is “powered by” Business Finance Solutions, our FCA regulated partner, who are bringing new funding capacity in to Oldham.
The capital available to provide grants (to those young people under 25 years of age) loans to the businesses is sourced from various funds, predominantly the Stoller Charitable Trust and the Start Up Loans Scheme. This new partnership with Business Finance Solutions factors in an additional £3 million to fund start-up businesses in Oldham.
This initiative will provide all shapes and sizes of Oldham businesses with a unique coherent, and joined up “no wrong door” point of entry and access to a compendium of business finance and free business supportand advice.
To find out more and apply to the fund click here