Duplex Investment Fund
What is the Duplex Investment Fund?
The Duplex Investment Fund is a new way to help finance capital investments by local businesses.
It combines public sector grants and loans to give you financial flexibility and ensure that your project proceeds successfully.
How does it work?
You receive a loan to cover the full cost of your capital investment project on day one. Once you have obtained and paid for your capital item(s) you receive a grant which is up to 40% of the total cost.
The value of the grant can be almost as much as the total interest payable on the loan. It is delivered by FCA accredited lending specialists CWRT on behalf of Coventry City Council, Warwickshire County Council.
Loan Conditions.
As part of the assessment, credit histories for all sole traders, partners or directors must be provided. This will include full credit reports, and 3 months personal and business bank statements.
Eligibility Criteria.
You must:
-
Be trading in Coventry or Warwickshire.
-
Be able to demonstrate a minimum of 2 years of profitable trading.
-
Produce a sound business plan/forecast that demonstrates the need for a grant.
-
Create jobs as a result of the investment.
Contact us about this programme today.
Complete this form to alert a local Business Growth West Midlands Adviser to your interest in this programme. They will be in touch with the appropriate information and support for this programme, as well as personalised recommendations of other opportunities you could benefit from.
Third party programme information is correct at the time of publishing. We review and update our pages periodically to keep them as up to date as possible.
Any information that is required as part of your enquiry is marked with an asterisk (*). The information collected is used to enable Business Growth West Midlands to hold your contact details for communication purposes and for us to process your enquiry appropriately.
