17 March (Part 1) - Thames Innovation Centre. Keep your bankrupt business afloat the Bexley council way
Have you got an innovative new idea that the council could nourish and support?
Bexley council has a duty to help and support new ventures
in the borough and offers generous tax payer funded terms.
Is up to £550,000 interest free for 10 years with no monthly repayment schedule
an appealing prospect?
On application we can arrange for fixed assets from the council worth over
£430,000 to be provided free for twenty years.
The council will arrange rent free premises for four years saving your business
up to £40,000.
Think you might need to renovate? Take a £60,000 loan at a very reasonable 0.5%
above Public Loan Board 10 year annuity rate.
If your cash flow falters the council will consider spending over £221,000 with your business
to save it from failure.
Not sure if you have the resources to make a go of it?
No problem, we at Bexley council recognise that there are always unforeseen
circumstances that can impact on your business so if your management skills are
inadequate or your auditors raise concerns that your business plan may not be viable we
will do our level best to arrange a significant extension to any existing
generous loan arrangements so that your business can continue while any other
would go to the wall.
Bexley Council : Listening to you, working for you,
chucking your money down the drain
Figures taken from the Innovation Centre accounts for
the year ended 31st March 2010 and point three of the annual accounts from the AGM
of 17th March 2009. Money that could be used to maintain care and disability
services is being thrown into the TIC pit to keep it and councillors’ egos afloat.