Forbes appointed to provide Legal service to Lancashire's Rosebud Finance

News

24 August, 2016

Forbes Solicitors has been appointed to provide Legal services to Lancashire County Council's Rosebud Finance scheme, after being selected following a four-way tender process.

Rosebud Finance is run by Lancashire County Developments Ltd (LCDL), the county council's economic development company.

Rosebud was set up in 1986 to help generate wealth and employment, and improve access to finance for SMEs in Lancashire - one of the first funds of its kind in the country.

The team at Forbes will be delivering advice and legal support on bespoke documentation where Rosebud Finance is lending to Lancashire businesses.

Pauline Rigby, Partner & Head of Corporate & Restructuring at Forbes, said: "Rosebud is an important and long-standing investment fund and it's a great vote of confidence in the local professional service sector that we can announce Forbes has secured this commission against strong regional competition.

"We are delighted to have been selected and are looking forward to help with this fantastic scheme, which has helped and continues to help scores of businesses across the area."

Martin Kelly, director of economic development for Lancashire County Council said: "We are delighted that Forbes will help us continue Rosebud's track record of support and backing for businesses, whose growth directly creates jobs here in the county and boosts our economy."

Note to editors:

Rosebud Finance offers loans, equity or a combination of both from £50k to more than £1m, designed to meet the needs of business with competitive rates and terms.

Over the last six years, Rosebud has invested over £8.25m in 83 Lancashire-based companies which has helped to create over 1,100 jobs.

Rosebud can be used to help growing businesses in key sectors to achieve their business objectives, including plans for technology, innovation, plant, equipment, mergers and acquisitions.

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