Administration of Business Loan Fund in Staffordshire and Stoke-on-Trent
Staffordshire County Council · Awarded contract
AwardedAdministration of Business Loan Fund in Staffordshire and Stoke-on-Trent
Awarded 01 Dec 2015
Awarded01 Dec 2015
Value£700,000.00
RegionWest Midlands
CategoryFinance & Insurance
Ended 7y 10mo ago3y 1mo term
Awarded 1 Dec 2015Expired 31 Dec 2018
About
Staffordshire County Council awarded a contract to Black Country Reinvestment Society Ltd for the administration of a business loan fund.
The Fund Manager will deliver loans of £10,000 to £50,000 to small businesses unable to access finance from mainstream sources.
The loan capital totals approximately £1,500,000, with £750,000 from the Fund Manager, £600,000 from the County Council, and approximately £150,000 from the legacy fund of the NSRCF.
The City Council may also contribute up to £150,000.
The contract value is £700,000.
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Administration of Business Loan Fund in Staffordshire and Stoke-on-Trent
Won by Black Country Reinvestment Society Ltd · Staffordshire County Council
£700Kawarded
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