Regional Growth Fund logo

Compass Awarded RGF funds

Compass has been awarded Regional Growth Funds (RGF), and this will allow up to 200 SMEs in the print, packaging, plastics and engineering sectors to upgrade their capital equipment, improve their competitiveness and be responsible for creating and safeguarding over 320 jobs. Compass will offer a non-repayable grant to a qualifying business and arrange a competitive commercial finance package to fund the balance of the capital asset purchased. The RGF facility will be matched by £10m of private sector funding.

Bruce Nelson, Director of Compass commented, ‘We are able to offer a competitive funding package, to allow SMEs to invest in capital equipment, support them to make their growth targets and to create and safeguard hundreds of jobs’.

0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply

Your email address will not be published. Required fields are marked *