GLE, one of the UK’s leading Community Development Financial Institutions, has launched a new dedicated £7.2 million Regional Growth Loan Fund for growing businesses, which have been having difficulty raising finance from conventional commercial sources, such as banks. This Regional Growth Fund programme is provided through the CDFA and offers finance to eligible established businesses located across London, to support their growth ambitions and create or protect jobs.
Alongside this fund, we offer loans for Start Ups and funds specifically aiming to help businesses in the London Boroughs of Merton and Wandsworth (£600k for Merton businesses and £800k for Wandsworth). We also manage the Croydon Enterprise Loan Fund, on behalf of the London Borough of Croydon, and over the last 5 years have lent £1.8 million to over 180 businesses. We have other finance solutions available for London Businesses not able to fulfil these criteria with further loans funds likely to become available in April 2014.