The NDA North HIghland Regeneration Fund has been launched and is established by the Nuclear Decommissioning Authority.
There were a lot of people present and after the official presentations and a buffet lunch there was plenty of time for informal conversation with the various speakers. All very interesting.
Here are some of the Scheme Rules as revealed at the launch today.
The fund offers support by way of loans. Grants are not available from the Fund and it does not offer financial support in any other way.
Loans are available for business purposes only and are not available to private individuals.
The borrower must be a company although some kinds of partnerships can also be borrowers. Loans are only open to small and medium sized enterprises.
All enquiries will be welcomed and it is recommended that you make informal enquiries before going ahead with a formal application.
The minimum loan available is £5,000 with the maximum being £50,000 but could be higher at the discretion of the Fund.
The interest rate on a loan will be fixed for the duration of the loan and will reflect the prevailing Bank of England base rate, plus 1%.
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