Manchester-headquartered GC Business Finance (GCBF) has been selected to deliver Lancashire County Council’s £11.25m Rosebud business finance fund.
The Rosebud fund has been managed by Mercia Fund Managers since its creation in 1986. However, it says its business model has now evolved to focus on higher value loans.
Under the new funding package, announced today, GCBF will oversee Rosebud loans from £10,000 to £300,000 for growing businesses in Lancashire over the next five years.
Rosebud now aims to create around 150 new jobs a year and will focus on sectors such as aerospace; advanced manufacturing; digital and creative; energy and environment; health innovation; and financial and professional services.
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