The Rail Supply Growth Fund is an innovative and flexible loan fund which has been developed by Finance Birmingham in conjunction with the Department for Business, Innovation and Skills (BIS). The Fund of £20m is an initial level of funding which aims to help remove barriers to entry and accelerate routes to market for businesses helping them to maximise commercial opportunities resulting from the modernisation of the rail network including HS2. Substantial additional private sector funding has potentially been identified that would support a much larger Fund in the future as a follow on from this initial £20m Fund.
Available to all companies in England it is loan funding, not a grant, with a minimum value of £0.5m and a maximum of £2m. Open to individual or consortia of companies typically up to 50% funding is available. For full details of how to apply click here
