Funding available for businesses

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A SCHEME which provides growth funding for businesses in former coal mining areas is seeking applications in Wigan and Leigh.

The Coalfields Funds offer sums of between £40,000 and £1m to small and medium-sized businesses, which can be used to support start-ups and early stage businesses, provide growth capital for more established businesses, as well as funding mergers, acquisitions and management buy–outs.

The Funds are managed by venture capital firm Enterprise Ventures (EV).

Paul Betts, investment manager with EV, said: “At a time when many companies are struggling to find funding, we want businesses in and around Wigan and Leigh to be aware that the Coalfields Funds can offer finance for growth and are actively seeking to invest.

“We are on the lookout for sound businesses with a solid growth plan and can offer funding for a wide range of purposes.

For more details see the website at www.coalfieldsfunds.co.uk.