NPT Flexible Loan Fund
The NPT Flexible Loan Fund assists businesses currently located
or intending to locate within the County Borough of Neath Port
Talbot. Support covers individuals setting up a new business or an
existing business with up to 250 employees investing in viable
projects that create, maintain or safeguard jobs.
The amount of loan available ranges between £1,000 and £10,000,
dependant on the value of the project, although 50% of project
costs must be met by the applicant and/or private sector
With favourable interest rates, loans to date have been mainly
used towards capital expenditure. However, marketing activity,
research and development and training has been supported.
To help bring about improvements in the local economy, further
changes to the criteria have been made to support the following key
- Loans of up to £5,000 available to support start-up businesses
with growth potential.
- Funding to help businesses increase capacity to meet demand,
enter new markets, diversify products and services and provide
training to apprentices and trainees.
- Shorter-term funding to support working capital requirements of
businesses facing problems in obtaining bank funding.
- Support for new businesses to set up book-keeping systems.
For further information contact the Business Development
Team on (01639) 686835 or e-mail firstname.lastname@example.org