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SMEs encouraged to enquire about RGF

Steve Gee, Managing Director of the Manufacturing division

Steve Gee, Managing Director of the Manufacturing division at Close Brothers Asset Finance encourages SMEs to enquire about RGF.

Close Brothers have been running the Regional Growth Fund (RGF) Asset Purchase Scheme since June 2013 and since then we have witnessed first hand the positive impact it can have on SMEs across regions of England.  We have helped businesses from across a number of different sectors access the government fund, which has in turn helped them grow.

For example, we have worked with SMEs that have not had the funds available for the deposit needed on a HP agreement to purchase machinery.  After approaching us we assisted them with the RGF application, which meant they could then purchase the asset and fulfil additional contracts of work, increasing production.  A requirement of a successful RGF application is job creation and safeguarding, the Close Brothers scheme has so far seen over 2000 full time employment posts guaranteed.

The RGF scheme is only available for a limited time, so I would advise anyone who thinks their business could benefit from a government grant towards an asset purchase, to get in touch with us and take advantage of this initiative before it is too late.

Click here for more information about the Regional Growth Fund