Gloucestershire Business Funding

Since its inception in 2003 Gloucestershire Development Loan Fund made a significant impact on the county’s economy agreeing loans in excess of £850,000 to more than 125 businesses. In 2008 it entered into partnership with a Registered Charity, Fredericks Foundation, enabling it to retain its existing staff and to strengthen its presence with an active local advisory board in Cheltenham.

With support from local business and community interests Fredericks Gloucestershire continues to help people who have had trouble raising finance from the mainstream lenders to start up or expand existing businesses, as a means to achieve financial independence while rebuilding their confidence and self esteem. We enable people who cannot access finance, through the usual channels, to realise their potential for the benefit of themselves and their families.

In the current economic climate, such Community Loan Funds will surely play an increasingly important role in funding both new and established businesses and combating financial exclusion. Fredericks Gloucestershire lends small amounts of loans of up to £10,000 to start up businesses and up to £20,000 to established businesses.

In the short term, Fredericks Gloucestershire wants to give people the opportunity to make a positive change in their lives, while its long-term aim is to provide funding for businesses and social enterprises that will improve their communities and help work towards economic development and regeneration across the county.