Spelthorne Borough Council and Funding Circle today announced the launch of the Local Business Lending Partnership.
Spelthorne Borough Council and Funding Circle today announced the launch of the Local Business Lending Partnership, a pioneering new scheme, to stimulate local economic growth and employment through improved access to business finance.
As part of the scheme, the Council will lend up to £300,000 directly to businesses based in Spelthorne using Funding Circle, the UK’s leading online marketplace for small business loans.
The Council will join thousands of British people already lending their money to small and medium sized businesses across the country. The government-backed British Business Bank and 11 other councils across the country (including Newcastle County Council, Camden Council and Nottingham County Council) have also signed up to lend money to businesses through Funding Circle.