A fund supporting projects and programmes that lever private sector investment creating economic growth and sustainable employment.
HSBC is participating in the Government's Regional Growth Fund (RGF), a £2.4billion fund which will operate across England from 2011 to 2015.
As a result, HSBC will receive £25million from the fund to support businesses that
Supporting private sector investment
The RGF supports projects and programmes that lever private sector investment creating economic growth and sustainable employment. It aims particularly to help those areas and communities currently dependent on the public sector to make the transition to sustainable private sector-led growth and prosperity.
HSBC scheme to help businesses acquire assets
We have created the 'Assisted Asset Purchase Scheme' which enables qualifying businesses to obtain funding towards the acquisition of assets where they would not ordinarily be eligible due to the lack of sufficient stake.
This could be the right solution for you if
How the Regional Growth Fund works
|Grant Amount||No. of Additional/Retained Employees|
|≤ £25,000||1 or part thereof|
|≤ £50,000||2 or part thereof|
|≤ £75,000||3 or part thereof|
|≤ £100,000||4 or part thereof|
Example: a business is granted £50,000, which is equivalent to 10% of the eligible costs (i.e a fixed asset costs £500,000 exc VAT), then 2 FTE employees must be recruited or retained.
All applications are subject to status. Terms and conditions apply.
To discuss the Assisted Asset Purchase Scheme and to talk through your funding options, please speak with your Relationship Manager or:
To discuss the Assisted Asset Purchase Scheme please speak with your Relationship Manager or:
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