Solomons Europe investment fund

Posted by Hazel Duhy on in Cluster News, Member News.

Twenty years ago, Solomons Europe (a BECBC member) was born. This was only possible through the trust, generosity and belief that was given to the company’s owners by one individual. With this generosity, Solomons Europe was able to start up, grow and flourish to where we are today.

To mark our twentieth birthday, we are setting aside a £20,000 investment fund to offer interest free loans to local businesses and entrepreneurs under 3 years old who are looking to either start up or grow their business and need a helping boost. Applicants will be invited to pitch their idea to panel of approximately five business professionals for a maximum of £5000 to go towards enhancing their business.

In addition to the interest free loan, Solomons are also awarding a £1,000 cash prize for each successful applicant which does not require repayment. Not only this, we have had some very kind offers from other businesses who are keen to provide ongoing support to the successful businesses.

This initiative is open to everyone, in any sector or industry, so long as they have a clear strategy of how they plan to achieve success with their start up business concept or a strategy for growth if they are an existing business.

We are looking to invite primarily Cumbrian based entrepreneurs and businesses in the hopes creating some Cumbrian success stories. This is also to ensure that we can have regular face to face communications with the businesses to offer them free advice and for them to be able to call on us for support.

Please visit the Solomons Europe website for details on how to apply for the investment fund

Click here for the entry form for the BECBC Award Start-Up Award sponsored by Solomons Europe