OPDC launches new Loan Fund for small businesses
Friday 30 June 2023
The Mayor of London’s development corporation for Old Oak and Park Royal, OPDC has today announced the launch of the Loans for Small Businesses (The Loan Fund).
Funded by OPDC and the Mayor of London through the Acton and Park Royal Creative Enterprise Zone, the Loan Fund will make affordable loan funding available to small businesses and workspace providers in the OPDC area.
The Loan Fund will make £350,000 available as part of the pilot phase to support new and existing Park Royal-based food manufacturing and creative businesses to expand their businesses, as well as supporting affordable workspace providers to expand their premises.
Through the Loan Fund, OPDC aims to support the creation of high quality, genuinely affordable workspaces and allow new and existing Park Royal businesses to grow and expand, helping to create more jobs and opportunities for local people in the area.
OPDC is holding a drop-in breakfast on Wednesday 12 July at the Ace Cafe, where food and drinks will be provided. Everyone is invited to come along to find out more about the Loan Fund and speak to the team, who will provide guidance on how to apply.
- Wednesday 12 July, drop-in between 8:30am-11am
Ace Corner, North Circular Road, London, NW10 7UD
Find out more about The Loan Fund and read the prospectus.
Interested parties can also get in touch by emailing [email protected] or by submitting an Expression of Interest form via the OPDC website.
OPDC is committed to protecting, intensifying, and creating workspaces that will meet the current and future needs of the diverse range of businesses in Park Royal.
Through this Loan Fund, OPDC will support many more businesses to deliver genuinely affordable workspaces and improve their business. At very low interest rates
of only 5%, I’d encourage any interested parties to get in touch with us and explore how the Loan Fund could support you and your business.
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