Your guide to funding in the East Midlands for Community based projects..
Step Three
3.
Contact your chosen funder
First Enterprise Business Agency Ltd (FEBA) is a leading business support organisation established to support the needs of pre-start and existing business owners.
Main contact in the East Midlands:
Fiona Coulson
Business Enterprise Officer
90 Radford Road
Nottingham
NG7 5FU
Tel 0115 9423772
Fax 01154 9421504
Counties eligible for funding:
All
Minimum Grant:
Loan £3000
Maximum Grant:
Loan £20000
Who can apply?
Qualifying Criteria:
* The business must be located in the East Midlands.
* The business must comply with all statutory, regulatory and legal requirements.
* The loan fund is available to meet a shortfall in your funding requirements, a contribution of 30% is usually required from you.
* Evidence of either job creation or safeguarding.
* The viability of the business or proposition must be demonstrated to the fund.
* The applicant must have resided in or have had a business in the East Midlands for more than 18 months and have leave to remain in the UK.
Exclusions:
* Assistance will not be given to businesses involved with religion, pornography, gambling, money lending, property purchases or property development.
* Applications for the funding of cars will not be considered, except in the case of commercial vehicles deemed to be essential to the business. Leasing is the preferred route for all vehicle purchases.
* Applicants who already have access to sufficient funding for their venture.
* Applicants who do not have leave to remain in the UK.
Does the funder require match funder?
Yes
Funding Priorities:
All objective 2 areas of the East Midlands