80 new jobs created through Rosebud

Lancashire Rosebud Finance, which provides growth funding for businesses in the county, helped to create over 80 jobs in the year to the end of March 2017.

The figures come from Enterprise Ventures, which is part of Mercia Technologies PLC and which manages Rosebud on behalf of Lancashire County Developments Limited (LCDL), the economic development arm of Lancashire County Council.

Others which secured finance during the year include Burnley-based digital agency Door4, which has successfully used Rosebud funding in the past, and Ormskirk-based energy consultancy Clean Power Solutions.Rosebud, which celebrated its 30th anniversary in 2016, has helped to create hundreds of new jobs in recent years.

“Rosebud Finance continues to be a key ingredient in supporting businesses which want to expand but have difficulty in sourcing the funding from other lenders,” he said. “Over the years we have helped some of the brightest and most innovative companies in Lancashire to put their growth plans into action, with a significant proportion going on to become award winners in their field. Companies clearly appreciate the support which Rosebud provides as many come back to us at a later stage when they seek subsequent rounds of finance to continue their growth journey.”