finance birmingham

Britain’s railway is benefiting from the largest investment programme for years with the aim to build a world class railway for the future. Finance Birmingham alongside the Rail Supply Group (RSG) and the Department for Business, Innovation and Skills (BIS) have responded to the challenge by launching the Rail Supply Growth Fund.

The Fund will provide access to affordable finance to increase the capability, competitiveness and productivity of businesses either currently operating in the rail supply sector or for businesses aiming to enter it through crossover products and services.

The Fund provides an innovative and flexible loan facility to enable applicant companies to grasp opportunities for growth by enabling them to significantly increase their productivity, capability and competiveness being better able to tackle the demands of the future that would otherwise not be achievable.

The fund can contribute towards requirements for all or any combination of the following:
• Further working capital
• New capital investment
• Product launch

Key Facts

• The business must be located in England
• Loans are available from £500k to £2m
• Can be a single company or lead company in a consortium
• Application must demonstrate from a customer, ideally a prime or tier 1 company
• All funds must be drawn down within 12 months of confirmation letter
• Repayment term is a maximum of 5 years from funding award

A Helpline is available to assist potential and actual applicant Companies with any questions, and to guide you through the application process. The Helpline number is: 0121 233 4917

Enquiries regarding the Rail Supply Growth Fund can also be submitted by email to: enquiry@financebirmingham

download    Rail-Supply-Growth-Fund-Applicants-Guidance-Notes-Final