Delivered by River Capital, the £20m Flexible Growth Fund financed by the Liverpool City Region Combined Authority, aims to encourage investment in new capital expenditure projects by LCR based businesses that will help create jobs.
Providing fee free, Interest subsidised loans up to £1m, this fund can provide up to 50% of eligible capital expenditure repayable over a maximum 5 year term.
An initial Expression of Interest will determine whether the project fits with the fund guidelines before embarking on a full application encompassing a business plan and financial forecasts.
In addition, social value needs to be demonstrated in the applications alongside a commitment to helping achieve the region’s Net Zero targets.
At a glance
Loans of up to £1m to support expansion projects
Repayable over 5 years maximum
Available to LCR based businesses
Meet our Growth Fund Expert:
Jeff Cummins
Investment Managerjeff.cummins@rivercapitaluk.com
0151 236 4040
Investment Manager
jeff.cummins@rivercapitaluk.com
0151 236 4040
What is my role?
I am an Investment Manager in our Debt team, who works with business owners and advisors to identify funding needs for a business and then deliver the most suitable solutions for that business. I am currently managing all enquiries and applications for the Flexible Growth Fund which is a debt fund aimed at supporting LCR businesses with transformational Capital Expenditure projects.
Hobbies or interests outside of work?
- Playing Golf
- Watching Football
- Cycling, to keep fit & to watch.
Favourite album?
The soundtrack to Saturday Night Fever.
John Gray
Head of Debtjohn.gray@rivercapitaluk.com
0151 236 4040
Head of Debt
0151 236 4040
What is my role?
As Head of Debt, I work with the team of Investment managers and oversee a portfolio of over £40m of debt funds, including the Northern Powerhouse Investment Fund, Flexible Growth Fund, and Business Growth Loan Fund.
I’m driven by the company’s long-term goals and ambitions and was particularly drawn to River Capital’s commitment to growing funds under management, which will enable us to provide more efficient and effective support to SMEs not only in the Liverpool City Region but beyond.
Hobbies?
- Golf
- Running
- Getting out into nature
Fave album?
Meatloaf – Bat Out of Hell
