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Grants and External Funding

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Open 4 Business Portal

Open 4 business logo image

Carlisle City Council is providing local businesses with free access to its local business support and grant portal provided by Open4Business. This is tailored for the Carlisle area and includes local, regional and national schemes.

Business can also search for funding relevant to their size and sector. To use the portal, you will first need to register with Open4Business.

GO TO OPEN 4 BUSINESS

Grants and Funding News
19May

Coronavirus Loan Schemes Extended to Further Education Establishments

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The Coronavirus Business Interruption Loan Scheme (CBILS) supports primarily small and medium-sized businesses to access bank lending during the coronavirus outbreak. Those with an annual turnover of up to £45 million can obtain loans, overdrafts, invoice finance and asset finance of up to £5 million over a maximum of six years. Applicants can access the first year of that finance interest free, as the Government is covering the initial 12 months of interest payments. The Government will guarantee 80% of the finance to the lender.

The Coronavirus Large Business Interruption Loan Scheme (CLBILS) will ensure that more UK firms are able to benefit from public money during this difficult time. The scheme provides a government guarantee of 80% to enable banks to make loans of up to £25 million to all viable firms with an annual turnover of more than £45 million and up to £50 million for those with a turnover of more than £250 million.

Previously, these schemes were only targeting businesses. Now, eligibility for the loans has been widened to also include further education establishments across the UK.

More details of how to access these loans can be found on the British Business Bank website.

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Addresses and contacts

For further information on how to obtain this grant locally, please contact the following:

  1. Enquiries
    The British Business Bank
    Foundry House
    3 Millsands
    Sheffield
    S3 8NH
    Tel: 0114 206 2131
    Email: [email protected]

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