UK Steel Enterprise is an accredited provider of the Government backed EFG. This enables funding for appropriate projects where there is insufficient security available in business assets to access a secured loan from the usual commercial sources. Effectively the Government provide a guarantee to the lender against part of the loan amount.
Applicants must have a sound business plan and be based in, or intend relocating to, one of the steel industry areas covered by our regional offices on the right hand side.
The main features and criteria of the scheme are:
Available to qualifying UK businesses with an annual turnover of up to £25m.
Qualifying businesses may be provided with total loans under the scheme of up to £1m.
Loans may be given under the scheme to business in most sectors and for most business purposes, although there are some restrictions.
The recipient of the loan is required to pay a quarterly guarantee premium to the Government which is calculated as 2% per annum on the outstanding loan balance.
To apply for funding under the scheme click on the email address of the regional office in your area or contact us by any other means:
Scotland Grovewood Business Centre Strathclyde Business Park, BellshillLanarkshire ML4 3NQT: 01698 845 045 F: 01698 845 123 E: scot@uksteelenterprise.co.uk
North of England The Innovation Centre Vienna Court, Kirkleatham Business Park, Redcar TS10 5SH T: 01642 777888 F: 01642 777999 E: north@uksteelenterprise.co.uk
Yorkshire, Humberside & The Midlands The Innovation Centre 217 Portobello, Sheffield S1 4DP T: 0114 270 0933 F: 0114 224 2222 E: yorks@uksteelenterprise.co.uk
Wales Cardiff Bay Business Centre Titan House, Lewis Road, Ocean Park, Cardiff CF24 5BS T: 029 2047 1122 F: 029 2049 2622 E: wales@uksteelenterprise.co.uk
UK Steel Enterprise is a subsidiary of Tata Steel.
