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04.06.03
Finance Cornwall debuts at the Royal Cornwall Show

Finance Cornwall, the Objective One £20 million investment fund for businesses in or locating to Cornwall, will be making its debut at the Royal Cornwall show this week (June 5, 6 & 7) giving small businesses in Cornwall the opportunity to find out more about how it could enable them to expand and grow.

Located on the Federation of Small Businesses' stand 282, Finance Cornwall's fund managers will be holding free confidential surgeries at 11am, 2.30pm and 4pm during the three days of the show.

Individuals are invited to drop in for an informal chat to find out how Finance Cornwall operates, details about its three funds and also to check if their business would be eligible for investment in line with Finance Cornwall's loan and equity criteria.

Robin Teverson, Chief Executive of Finance Cornwall, who will be on hand during the Thursday and Friday surgeries, said: "With such a diverse range of business exhibiting and people visiting the show, Royal Cornwall presents us with a unique opportunity to familiarise businesses in Cornwall with the services that we can offer.

"Although we are generally unable to offer finance to agricultural businesses, we may be able to help with projects which are looking to enable farmers to diversify or add value to their products, for example through investment in manufacturing processes. We are encouraging anyone from any small business to drop by the FSB stand for an informal chat to find out how Finance Cornwall may be able to help."

Finance Cornwall operates three different funds providing loans and equity investments ranging from £5,000 up to £650,000 to viable small and medium-sized businesses that cannot source all the investment they need from elsewhere.

Investment is available to businesses whose principal place of operation is, or will be, in Cornwall or the Isles of Scilly. The funds are managed by Alliance Fund Managers Ltd, which is regulated by the Financial Services Authority in the course of investment business.

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Editor's notes:

Finance Cornwall background

Finance Cornwall is a £20 million investment fund which is backed by £9 million from the Objective One European Regional Development Fund.

Finance Cornwall provides loans and equity investments ranging from just £5,000 up to £650,000 to small and medium-sized businesses in or locating to Cornwall and the Isles of Scilly that find it difficult to find investment from other sources.

The three funds are:

Business Loan Fund: loans from £5,000 up to £50,000 for viable, privately owned small and medium sized enterprises in Cornwall and Scilly whose investment needs cannot be fully met from other sources.

Mezzanine Loan Fund: loan based investments from £50,000 to £250,000 for viable, privately owned small and medium sized enterprises in Cornwall and Scilly whose investment needs cannot be fully met from other sources.

Equity Fund: equity investment of between £50,000 and £500,000 for viable, privately owned small and medium sized enterprises in Cornwall and Scilly whose investment needs cannot be fully met from other sources. Attractive to businesses that have exhausted alternative loan or private resources but still need additional investment for growth.

Finance Cornwall investment is managed by Alliance Fund Managers Ltd, which is regulated by the Financial Services Authority in the course of investment business.

For more information contact:

Robin Teverson
Chief Executive
Finance Cornwall
01872 272288
www.financecornwall.co.uk

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Jason Clark
Communications Manager
Objective One Partnership Office
Castle House
Pydar Street
Truro TR1 2UD
Tel: 01872 241379
Fax: 01872 241388
jason@dclark.co.uk

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