Creative England is offering creative and digital SMEs outside London business loans of up to £150,000.
Companies looking to develop new products such as software, applications and content for Cross Platform TV development; B2B; e-Learning; and mobile applications can put themselves forward.
Jim Farmery, director of business development at Creative England, said: “At Creative England we are as ambitious about the growth of creative businesses as the talented minds and individuals that are building them. Through the Creative England Business Loans we hope to support the development of projects that may have otherwise found it difficult to secure funding and get off the ground.
“Our business support teams will also connect these businesses to ongoing support delivered through local networks and introduce them to new markets to ensure they continue to flourish.”
There is £1.5m in total, with successful companies receiving interest free loans of between £60,000 and £150,000 per application, which will be matched 50/50 with the company sharing the development costs.