Over the next 4 years Lincolnshire County Council will spearhead an innovative new loan scheme that will help give small and medium-sized businesses the finance required for them to expand.
Councillor Mrs Betty Harvey, portfolio holder for Economic Development, said: “I am delighted that the team at Lincolnshire Development, part of the County Council, have been able to secure this exciting new project. It has used the well-established partnership between the County and District Councils, Business Link and the east midlands development agency (emda) to attract over Ј2million of additional support from Lloyds TSB bank and Ј761k of ERDF funding. It is right that Lincolnshire should lead the way with this national first because our county is built on the success of small and medium-sized businesses.”
