Bolsover District Council Enterprise Loan Fund

Bolsover District Council logo

Bolsover District Council

Visit the Website

To support businesses within district to grow and thrive Bolsover District Council are providing loans to SME’s from a total fund of £150,000.

This will be a fixed-term loan with no early cancellation fees, no arrangement fees, no interest charged for the first 12 months and competitive interest rates thereafter.

Loan applications will be assessed on a first come first served basis and provided on the basis of lender of last resort. Eligible applicants will have ambition to grow and be held back by their ability to capitalise their business proposals.

To apply for a loan, you must meet the following eligibility criteria:

  • Your business is located in Bolsover District. Or, securing the loan enables a move into Bolsover District
  • You are a sole trader, partnership, or limited company
  • You operate either as a small or micro business
  • You are an established business of 2+ years and can demonstrate growth
  • You have business premises, i.e. you are liable to pay business rates (businesses getting small business rate relief are eligible)
  • You are able to demonstrate that the loan will support your plans for business growth. If your business has been adversely affected by the impact of Covid-19 and can demonstrate that the loan will help your business to recover from income losses then you may still be eligible
  • You can show that the loan will be affordable at the time of your application
  • Eligible projects are those that will support businesses to innovate, diversify, expand or develop, and achieve one or more of the following objectives
  • Carbon reduction and addressing climate change
  • Making reasonable adjustments to premises or working practices and improving accessibility for all
  • Improving and enhancing use of digital technology
  • Safeguarding existing jobs and creating new jobs
  • Maintaining or relocating to premises within Bolsover District

For further information please contact the Economic Development Team on 01246 242512 or contact regeneration@bolsover.gov.uk to arrange an informal chat about your proposal.

Find Out More

 

If you would like to know more about the support available from D2N2 Growth Hub, please complete the form below.

Fill in this form to ask the D2N2 Growth Hub for help


Terms and conditions

By clicking submit you are agreeing to our terms and conditions and to receive future updates.

We collect personal data for the purposes of responding to your request made via the web site. To help provide the service to you we may need to pass your details to delivery partners. We may wish to contact you to monitor the quality of our service.

Related Events

East Midlands Manufacturing Network

East Midlands Manufacturing Networks

  • 5th March 2024
    7:30am - 10:00am
  • 13th March 2024
    7:30am - 10:00am
  • 19th March 2024
    7:30am - 10:00am
  • 22nd March 2024
    7:30am - 10:00am
+ More dates available
View event

Derbyshire Dales District Council

Dales & Peaks Energy Grant Readiness

  • 5th March 2024
    9:30am - 4:00pm
View event

D2N2 Growth Hub

Achieve your Ambitions with Marketing Planning

  • 25th January 2024
    9:30am - 11:00am
  • 5th March 2024
    9:30am - 11:00am
View event

Events

East Midlands Manufacturing Network logo  

East Midlands Manufacturing Network

East Midlands Manufacturing Networks

5th March 2024
7:30am - 10:00am

Book now

Case Studies

Sir Richard Arkwright’s Cromford Mills  

Sir Richard Arkwright’s Cromford Mills

Cromford Mills is a water-powered cotton mill that acts as the Northern Gateway to the Derwent Valley Mills UNESCO World...

Read more

News

Skills for Life: Multiply Small Grants Opportunity  

Skills for Life: Multiply Small Grants Opportunity

WMCA has now launched a Small Grants opportunity for VCS Organisations (Wave 2) to support with outreach & engagement activity for...

Read more
Black Business Fund  

Black Business Fund

Black-owned restaurants with fewer than five locations can apply to the fund for a grant.

Read more

More from Bolsover District Council

Bolsover Business Start up and Growth Grant Scheme

Grants are available for new and exisitng businesses in the Bolsover District Council area
Read More

Shirebrook Shop Front Grant Scheme

Shirebrook Shop Front Scheme offers grants to improve the condition and appearance of shop fronts in the town centre
Read More

Free Expert Business Advice and Support

Your business is unique but the challenges that you face aren’t, with our support, we can help get you through them.

Our impartial business support is delivered by experienced, expert business advisers, giving you the right advice at the right time for your business.

Contact us today to access a wealth of support, events, business growth programmes and expert advice.

Abigail Phillips
Adviser Manager
Image of Abigail Phillips