The Invest to Grow Fund has been established by Basingstoke & Deane Borough Council as a new approach towards local investment. The fund will support a wide range of commercial, regeneration, property and infrastructure projects within the council’s area.
Welcome to the Invest to Grow Fund.
The £25m fund will provide debt or equity finance towards viable development projects. The fund’s primary focus is to support local growth, ensuring the region benefits from improved employment opportunities, enhanced infrastructure, regeneration and economic growth.
The financing is not through grants and will be provided on a commercial and risk assessed basis. All projects will require an exit strategy to ensure they will have a short term pay back in order that the funds may be recycled as efficiently as possible, delivering maximum outputs for the borough. Rates charged on funding are variable and dependent upon the level of collateralisation and the covenant of the project.
The fund is calling for current and potential longer term projects that will contribute to future growth of the local economy.