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Bidding for contracts

 

Key features

  • Short-term loans from £100,000 to £2 million
  • Finance available for up to 2 years
  • Flexible interest only terms to help businesses with their cash flow
  • Finance for advance payment guarantees, performance, warranty, highways and water authority bonds. 
  • Available to businesses with a material presence in Teesside, or where the contract is providing economic benefit in Teesside.

Helping to finance contract bids

The Teesside Flexible Investment Fund aims to support economic development in Hartlepool, Middlesbrough, Redcar and Cleveland and Stockton-on-Tees through a mix of finance to support buying a business, property funding and bond finance.

Managed by FW Capital with investment from Teesside Pension Fund.

Can reinvest loans that are repaid to support more businesses in the future.

The fund can provide businesses with short-term loans from £100k to £2 million to finance contract-related bonds including:

  • Advance payment guarantees
  • Performance bonds
  • Warranty bonds
  • Highway bonds
  • Water authority bonds

Businesses can use these to help bid for new contracts, repaying once the contract is delivered or the warranty period has expired.

The loan is used as cash security and deposited with banks to enable the issue of an advance payment guarantee, performance and/or warranty bond.

Recipients of funding must have a material presence in Teesside, or the contract is providing economic benefit in Teesside.

Both SMEs and larger businesses can apply for finance.

The Teesside Flexible Investment Fund aims to support economic development in Hartlepool, Middlesbrough, Redcar and Cleveland and Stockton-on-Tees through a mix of finance to support buying a business, property funding and bond finance.

Managed by FW Capital with investment from Teesside Pension Fund.

Can reinvest loans that are repaid to support more businesses in the future.

The fund can provide businesses with short-term loans from £100k to £2 million to finance contract-related bonds including:

  • Advance payment guarantees
  • Performance bonds
  • Warranty bonds
  • Highway bonds
  • Water authority bonds

Businesses can use these to help bid for new contracts, repaying once the contract is delivered or the warranty period has expired.

The loan is used as cash security and deposited with banks to enable the issue of an advance payment guarantee, performance and/or warranty bond.

Recipients of funding must have a material presence in Teesside, or the contract is providing economic benefit in Teesside.

Both SMEs and larger businesses can apply for finance.

Making an application

Before we can help you, you’ll need to provide us with the following:

  • A summary business plan
  • 2 years statutory accounts and up to date management accounts
  • Any available financial projections
  • CVs of key personnel in the company