KIRKLEES retailers, hotel and restaurant operators could get a share of a £10m fund to help build their businesses.
Cash advance provider BoostCapital.co.uk has launched a £10m fund to help businesses struggling to access finance from traditional sources.
The fund will support businesses in a variety of sectors, including hospitality, salon and spa, restaurant and pub, garage, dental and independent retailers and provide an affordable alternative to bank lending.
David Abbott, managing director of Boost Capital, said: “SMEs and their advisers in Yorkshire are in need of suitably-priced funding.
“We will work closely with our clients and their advisers in multiple sectors to raise awareness throughout these industries that there are other lending options out there.”
He said: “By establishing this fund, we have a great opportunity to make a real difference to many sectors in Yorkshire by supplying SMEs with cash injections that can be used for any business expense, from renovations to acquisitions.”
Boost Capital enables businesses to use future credit card sales to access the unsecured funding that they may need to invest in new equipment, stock, marketing staff or expansion.