Heroes awards sponsor urges Lancashire firms to consider CBILS loans

Lancashire businesses seeking to bounce back from the challenges of the Coronavirus lockdown should consider whether they are eligible for funding, a regional finance group has said.

By Tim Gavell
Tuesday, 21st July 2020, 7:00 am

FW Capital is an accredited lender to the Government’s Coronavirus Business Interruption Loan Scheme (CBILS) which was set up in response to the Coronavirus outbreak.

Andrew Traynor of FW Capital, said it was working with firms across the North West to support with finance of between £100,000 and £750,000.

FW Capital is one of a number of local businesses which Is supporting The BIBAs Heroes, an awards scheme for firms and individuals who have risen to the challenges of the pandemic.

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The BIBAs awards night at Blackpool Tower will not take place this year due to the effects of the lockdown. So instead, a BIBAs Heroes search has been launched

The awards is looking for video applications of no more than five minutes long detailing a business’ response to the challenge before its deadline at the end of this month.

Mr Traynor said: “The challenges facing businesses across Lancashire to get the economy back on its feet after such a long period of economic inactivity cannot be underestimated.

“We are working with businesses from all sectors to support their individual needs with finance and the CBILS is allowing us to do this.

“Throughout the period of lockdown we have continued to work with businesses to keep injecting finance where it is so desperately needed.

“I would urge any firm to look at the options available through funding streams like CBILS and get in contact with us to see if we can help.”

FW Capital specialises in financing for dynamic small and medium-sized enterprises across the North, managing a number of investment funds.

The BIBAs Heroes has been launched following the cancellation of The BIBAs, one of Lancashire’s largest business awards, which had been due to take place later this year.

The deadline for entries to The BIBAs Heroes closes on July 31, and the winners will be announced during an online awards on Friday, September 11, the original date of the BIBAs awards.