Bidding for contracts

Unlock millions of pounds' worth of contracts with short-term loans to finance contract-related bonds.

Key features

manufacturing
£10m

fund to support contract-related bonds 

  • Short-term loans from £100,000 to £2 million
  • Finance typically available for up to 2 years
  • Flexible interest only terms to help businesses with their cash flow
  • Finance for performance bonds, warranty bonds and advance payment guarantees
  • Available to all sizes of business based in the North East

Helping to finance contract bids

A £10 million fund which helps ambitious businesses bid for new contracts by providing short-term loans.

FW Capital manages the fund on behalf of Tees Valley Combined Authority and the fund is supported by the Regional Growth Fund.

The fund can reinvest loans that are repaid to support more businesses in the future.

The fund can provide businesses with short-term loans from £100,000 to £2 million to finance contract-related bonds including:

  • Performance bonds
  • Warranty bonds
  • Advance payment guarantees

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.

Finance is available to established businesses bidding for new contracts with operations in:

  • Tees Valley
  • Durham
  • Northumberland
  • Tyne & Wear
  • North Yorkshire (TS and DL postcodes only)

 Both SMEs and larger businesses can apply for finance.

A £10 million fund which helps ambitious businesses bid for new contracts by providing short-term loans.

FW Capital manages the fund on behalf of Tees Valley Combined Authority and the fund is supported by the Regional Growth Fund.

The fund can reinvest loans that are repaid to support more businesses in the future.

The fund can provide businesses with short-term loans from £100,000 to £2 million to finance contract-related bonds including:

  • Performance bonds
  • Warranty bonds
  • Advance payment guarantees

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.

Finance is available to established businesses bidding for new contracts with operations in:

  • Tees Valley
  • Durham
  • Northumberland
  • Tyne & Wear
  • North Yorkshire (TS and DL postcodes only)

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

Need to know more first?

If you have a question just send us a message or try reading our FAQ section.