13.12.04
New fund for women entrepreneurs

A new loan fund specifically for women entrepreneurs in Cornwall has been launched by the South West Investment Group (SWIG).

The Cornwall Women Into Business Fund will provide loans of £500 to £5,000 to new and early-stage businesses owned by women in Cornwall that are unable to raise sufficient finance from the banks and other sources.

To be considered for support, applicants must apply through a recognized business adviser. Most types of business will be considered.

The Fund has been developed in consultation with the Women’s Business Development Agency (WBDA), a national agency that runs a development and mentoring scheme for women entrepreneurs in Devon and Cornwall in conjunction with the local Enterprise Agency network.

The new fund has also been welcomed by Truro College Business Centre, managers of the successful Empower project which has also received investment from Objective One and which provides training and other tailored support to assist the development and advancement of the female workforce in Cornwall.

The scheme is part-funded by the South West of England Regional Development Agency. Whilst the fund will only be available in Cornwall initially, the longer term plan is to extend it across the South West region.

For further information contact:

South West Investment Group
Trevint House, Strangways Villas, TRURO TR1 2PA
Telephone: 01872 223883
Fax: 01872 242470
email: info@southwestinvestmentgroup.co.uk

Editor's notes:

Clare Morgan
Media Relations Manager
Objective One Partnership Office
Castle House
Pydar Street
Truro TR1 2UD
Mobile: 07973 813647
Telephone: 01872 223439
cmorgan@cornwall.gov.uk

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