NSRCF

AcronymDefinition
NSRCFNorth Staffordshire Risk Capital Fund (UK)
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So far NSRCF has helped around 18 companies in the North Staffordshire area, lending its original pounds 1 million fund plus pounds 136,000 of a new pounds 850,000 fund started earlier this year.
The money from NSRCF also helped fund two new staff at the firm which now employs seven people and hopes to take on seven more in three years.
Arthur Bailey, chief executive of NSRCF, said: "We are pleased to be supporting this business.
The NSRCF aims to lend over pounds 700,000 in 2006 and beyond.
In addition to lending, NSRCF can provide a dedicated adviser to help guide people through the pre-investment process
NSRCF Chairman, David Gage adds: "The Fund provides significant benefits to local businesses and may well help to retain employees' skills and tal-ents in North Staffordshire."
For more information on how to apply to the NSRCF, contact Arthur Bailey on: 01782 266408.