Regional Growth Fund - Assisted Asset Purchase Scheme

Are you aware that your business can get funding to help you purchase used process machinery?

HSBC Bank Plc (HSBC) is participating in the Government's Regional Growth Fund (RGF), a £2.4 billion fund which will operate across England until 2015. HSBC will receive £25 million from the fund to support businesses which have a turnover of up to €50 million and that are recruiting new employees or are safeguarding existing jobs as well as purchasing new fixed assets, which includes your process machinery.

Could you benefit from the RGF Assisted Asset Purchase Scheme?  

YES: 

• If you are an existing HSBC customer and you are wanting to purchase an asset but lack a sufficient deposit, and
• If you are creating additional employment or you will retain jobs that could have otherwise been lost within 12 months.

About the RGF and the Assisted Asset Purchase Scheme

The RGF supports projects and programmes that lever private sector investment creating economic growth and sustainable employment.

The Assisted Asset Purchase Scheme has been created to enable qualifying businesses the chance to obtain funding towards the purchase of assets where they would not ordinarily be eligible due to the lack of sufficient stake.

RGF monies take the form of a grant. The asset purchase scheme will be funded using a suitable HSBC Equipment Finance product and the rate of interest can be fixed or variable.

You choose the supplier of the asset and negotiate as if you were a cash buyer, with all the associated financial advantages without buying the asset outright.

How to find out more.

To discuss how your company could benefit from Regional Growth Funding and discuss your options, please contact your HSBC Manager or call 0845 607 6007. Further details on the RGF can be read on the HSBC website.

Used Process Equipment can save you up to 70% compared with the cost of new equipment.

You can search the Perry Process Equipment used process equipment inventory online or call our office +44 (0)1325 315111 to discuss your equipment requirements.