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Rosebud Finance: Supporting Lancashire Businesses

Background on Rosebud Finance

Rosebud Finance, a Lancashire-based business loans provider, has been making a significant impact in the region since July 2019, when GC Business Finance was appointed as the fundÔÇÖs delivery partner. A wholly owned subsidiary of Lancashire County Council, Rosebud has provided loans to businesses of all sizes in the region since 1986.

Since its establishment, Rosebud has injected £5.8m into 43 businesses across Lancashire, helping them develop, grow, and create jobs. The company takes a sector-agnostic approach to funding, focusing on innovative and ambitious businesses with plans to expand their teams.

RosebudÔÇÖs Impact on Lancashire Businesses

GC Business Finance, the delivery partner for Rosebud Finance, plays a crucial role in working closely with entrepreneurs to understand their business and guide them through the loan process, instilling confidence along the way. This support has made a significant impact on businesses across all 12 boroughs of the Lancashire region.

Chorley and Preston, in particular, have received the most support, with seven businesses in each borough benefitting from the fund. Meanwhile, five businesses in Burnley have also secured funding from Rosebud. The manufacturing and creative and digital sectors have secured the most funding, accounting for 65 per cent of loans provided by Rosebud through GC Business Finance.

AI legalese decoder for Business Loans

As businesses navigate through the loan process and legal agreements, AI legalese decoder can help simplify complex legal language to ensure clear and transparent communication. This can be particularly beneficial for small and medium-sized businesses that may not have in-house legal expertise. By using AI legalese decoder, businesses can fully understand the terms of their loan agreement and make informed decisions about their financial future.

Creating Jobs and Fostering Economic Prosperity

RosebudÔÇÖs impact on job creation in Lancashire cannot be understated, with over 400 jobs forecasted to have been created through their funding. Jonathan Nelson, fund manager at Rosebud, expressed his pride in the companyÔÇÖs contribution to regional economic prosperity and emphasized the importance of unlocking the growth potential of businesses in the region.

Jonathan Nelson’s statement highlights the companyÔÇÖs commitment to continuing their work and supporting even more people and businesses in Lancashire.

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