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Coventry and Warwickshire Reinvestment Trust targets £1m lending figure

Start-ups and existing businesses that need a cash boost and business support are being urged to approach responsible finance provider CWRT, as it has set a target to lend £1 million by Christmas.

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CWRT works closely with the Coventry & Warwickshire Local Enterprise Partnership, Coventry and Warwickshire councils, and the Start-Up Loans Company, an organisation which is chaired by former Dragon’s Den dragon James Caan.

The organisation lends both start-ups and existing businesses between £1,000 and £75,000, and provides mentoring support pre and post loan application to help entrepreneurs start their own business and to encourage employment across the region.

Mike Musson, Chief Executive of CWRT comments: “We are already supporting some exciting companies both in the region and beyond, and we’re confident that we can reach our Christmas target.”

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The Trust is currently on target to reach 100 start-up loans by the end of this month.

Mike Musson concluded: “With the new government firmly in place, we are witnessing real confidence among regional businesses, and our team is gearing up for our peak autumn lending period.”

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