The Fresh Start Loan Fund is available to new entrant and tenant farmers in Cornwall and the Isles of Scilly who need additional finance to start and develop their land-based businesses. Applicants must be a limited company.
Most reasonable costs associated with the new business or project, other than land purchase, will be considered for support.
- Annual interest of 7.5% fixed
- Flexible repayment period up to 84 months
- Capital repayment holidays considered
- Early repayments accepted without penalty
This fund forms part of the suite of activity supported by the Department for the Environment and Rural Affairs (DEFRA) and the European Agricultural Guidance and Guarantee Fund (EAGGF) as part of the 2000 to 2008 Objective One Programme. It formed part of the overall Fresh Start Initiative and whilst the initiative itself has ceased, the loan fund forms part of its lasting legacy.
How to apply:
Complete an enquiry form by visiting www.swigfinance.co.uk/fresh-start-loan-fund/
There is no application end date.