We are committed to making Newcastle a working city. This means helping residents and business create more and better jobs. We do this by helping businesses access the information and support they need to grow and flourish.
Newcastle City Council has partnered with peer-to-peer lender Funding Circle to provide a new funding option for businesses in the city. The City Council is one of the first councils in the UK to partner with Funding Circle and committing to lend directly to businesses. This is part a drive by the City Council to promote Crowd Funding as a new and innovative option for funding business growth.
Loans are available from £5,000 - £1 million (£3 million for property finance). Loan terms of 6 months to 5 years are available. These loans are highly flexible and can be used for all sorts of requirements including:
and one-off business expenses.
Typically, each loan is funded by hundreds of people. The City Council may also participate in your loan, helping raise its profile.