Rosebud invests £2m in 12 months
Lancashire County Council’s Rosebud Fund has invested £2m in the county's businesses since July of last year.
The programme has made 16 investments of between £10,000 and £300,000, which has directly resulted in the creation of 100 jobs.
Recent investments include £80,000 to Chorley-based chartered financial planning firm True Bearing as it aims to become a £10m turnover business, two loans of £150,000 to rapidly-growing supplements firm YourZooki and investment in Preston-based software firm Blue Wren allowing it to create its own bespoke platform.
Matt Robinson, fund manager at Rosebud said: “The Rosebud fund exists to support the local Lancashire region, creating jobs and supporting thriving sectors such as health innovation and creative and digital.
"It’s fantastic to see the fund reach this milestone, which highlights the extraordinary work of local businesses and the effect that the fund has had in enabling their growth. We are still open for business, and we are looking to work with more ambitious companies across Lancashire to ensure the region remains prosperous.”
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