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Grants and External Funding

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Open 4 Business Portal

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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.

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Launch of £25m Revolving Fund for SME Housebuilders

16 September 2020/Categories: Grants_and_Funding

Invest & Fund and Homes England have announced a seven-year partnership to create a £25 million revolving fund to allow Invest & Fund to support small builders grow and deliver more homes at pace.

The aim of the scheme is to give small developers easier access to finance to help deliver more homes and contribute to the UK Government's target to build 300,000 new homes a year.

Loans of between £400,000 and £2.5 million are available under the following terms:

  • Maximum Unit Gross Development Value (GDV) £800,000.

  • Up to 24 months.

  • Interest rate 6.65% + Bank of England Base Rate.

  • Arrangement fees of 2% and no exit fees.

  • For leasehold houses or flats, rent to be peppercorn.

Small builders in England and Wales can apply.

Applications can be made at any time.

More details can be accessed at:

https://www.investandfund.com/pages/broker.aspx#tab-3

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