Action for Wiltshire press release - small business loans

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27 May 2010

Small businesses in Wiltshire are being helped through difficult economic times with Wiltshire Council-supported loans, through the Action for Wiltshire programme.

In the current marketplace, banks are facing a range of competing pressures. Credit is harder to obtain and this is proving to be a problem for small businesses across the county.

Wiltshire Council has agreed to work with the Fredericks Foundation and GWE Business West Limited to set up a Small Business Loan Fund - Fredericks Wiltshire - to address this problem.

The Fredericks Foundation is a charity dedicated to supporting small scale enterprise by providing loan finance where banks are unable to help.

Action for Wiltshire is the Wiltshire Assembly's programme of support to tackle the effects of the recession in the county and prepare for economic recovery. It is made up of a group of organisations, including Wiltshire Council, working together to build a brighter future for Wiltshire.

Alistair Cunningham, service director for economy and enterprise, said: “We are delighted to be working with the Fredericks Foundation and GWE Business West Ltd to support local businesses through the recession and access credit when they need it most.”

Local businesses and partners have been invited to the launch event on 10 June 2010 at Hartham Park, Chippenham, where they will find out practical ways they can help with this initiative to boost the Wiltshire economy and combat the effects of recession.

The Fredericks Foundation is looking for volunteers from the local business community, as well as the accounting and banking sectors, to assist with assessing loan applications. If you are interested in volunteering or becoming a partner, email enquiries@fredericksfoundation.net

To more information about the loans contact the Fredericks Foundation on 01276 472722 or mailto@fredericksfoundation.net or visit www.fredericksfoundation.org

Last updated: 13 June 2011