Published: 30th Aug 2019

Wyre Forest District Council has set up a £10m development loan fund to help kickstart regeneration in the borough. The fund has been set up in collaboration with fund manager Finance Birmingham to help support ‘ambitious new schemes’ which support economic growth. According to the council, the loans will be between £500,000 and £5,000,000. It added the fund is not appropriate for loans of less than £250,000. In a statement, it added that development schemes should be ‘ready to go’ and be able to generate sustainable employment or housing supply quickly. In addition, they must be located in, and significantly contribute to, the economy of the Wyre Forest and should have outline planning consent and/or a reasonable expectation that full planning consent will be granted within six months. Capital projects must be used for the acquisition or enhancement of an identifiable asset with a life of more than one year, … (To read the full article, subscribe below)