North Norfolk District Council has developed this scheme administered by Norfolk Community Foundation as part of the further support available to businesses in the Pathfinder area following the delivery of the Pathfinder Business Advice project and East Norfolk Tourism Marketing project.

 

The loan is a gap financing measure to be primarily used for development and expansion of small businesses in the area which otherwise cannot access borrowing. The scheme would provide a fund for which coastal businesses could apply for a loan in order to support investment which allows their business to adapt, improve or relocate in the light of coastal blight.

 

The grant scheme, on the other hand, is established to initially assist businesses involved in the Pathfinder Business Advice Project in delivering their action and business plans. This would enable support to be provided in respect of relocation, adaptation, growth, improved marketing and enhanced facilities infrastructure, thus supporting continued investment and sustainability in vulnerable coastal locations.