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National Tooling Loan Fund

Sector

Tooling

Geographic Availability

Across England

Investment Amounts

£50k to £2m

Investment Directors

Steve Hetherington
Marie Kelly

The National Tooling Loan Fund supports component manufacturers and toolmakers to design, develop and manufacture tooling for their new and confirmed projects. It is a revolving fund open to eligible manufacturing businesses working in any sector, with investment available up to £2 million. 

For more information contact:


Marie Kelly - Investment Manager

mariekelly@frontierdevelopmentcapital.com
0345 319 4528


Key Features

      • Investments designed to support toolmakers and component manufacturers.
      • Supporting the creation of new jobs and safeguarding existing workforces.
      • Available finance of between £50,000 and £2 million.
      • Funds to contribute towards the design, development and creation of tooling or expanding tooling capacity.

      Eligibility

      • A firm order for tooling is needed, that originates from an Original Equipment Manufacturer (OEM), a tier 1 supplier or from further along the supply chain, with repayment due upon satisfactory completion of tooling.
      • Terms and fees will apply. The cost of borrowing (interest rate) will be at a commercial rate of 7.5% over the prevailing base rate and an arrangement fee of 2%.
      • Difficulty securing the required level of investment from existing finance providers.
      • Security may be required in the form of a debenture postponed to existing finance providers.
      • Final manufacture of the tooling and subsequent component production must be in England.
      • New jobs need to be created and/or safeguarded in England, as a result of funding.
      • Evidence of 2 years trading track record and proven ability to complete similar projects previously.


      For more information contact Marie Kelly on 0345 319 4528 or email mariekelly@frontierdevelopmentcapital.com.

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