- Find Nearest
Think BIG provides loans to existing businesses that don’t meet the banks’ lending criteria but are able to demonstrate that they have a viable proposition for growth. Loans range from around £25k to £150k and are available to existing small and medium-sized businesses in Newark and Sherwood with the ambition and potential to grow. As a guideline, those supported would ideally have over five employees and a turnover of over £500k.
Newark and Sherwood District Council have created this £2million fund to encourage business growth within the district, and the fund is being managed by a team of professional risk finance specialists on the council’s behalf.
The loan fund is part of wider plan to stimulate economic growth in all business sectors and in particular those where there is existing strength and future potential, including engineering, information and communications technologies, logistics, food processing, and low carbon technologies.
For more information on how to apply please visit the Invest Newark and Sherwood website.
Invest Newark and Sherwood