Isle of Wight Lottery Business Loans

Interest free finance for budding entrepreneurs!

Get support from the get go! Apply for an Isle of Wight Lottery loan today!

The Isle of Wight Lottery is the first lottery in England to be developed specifically to create employment opportunities. The Lottery is promoted by The Hampshire and Isle of Wight Opportunity Society Limited, which is operated on a strictly “non-profit” basis. The lottery is governed by the Gambling Commission which requires the lottery to contribute a minimum of 20% of its gross proceeds to a Restricted Good Causes Fund.

The Isle of Wight Lottery has two Good Causes. The first is providing interest free loans to people starting up in business or looking to expand. The emphasis being creating or sustaining Island jobs for Island people. The second is the free Start Up Your Own Business Course we run here at the Isle of Wight Chamber on a monthly basis.

The IW Lottery has been supporting the Island economy since 2001 and has created and supported hundreds of jobs in the local economy, providing in excess of £860,000 of interest free loans to over 100 Island businesses.

You can borrow up to a maximum of £50,000 interest free from the Isle of Wight Lottery Loan fund to start-up or expand your business as long as the loan is creating or sustaining a job.

You can borrow up to £5,000 over a period of up to 2 years, or up to £50,000 over a period of up to 3 years.

Loans may be applied for on completion of the start-up training course and all loan applications are assessed by a Panel and if approved they are provided on an interest free basis to both start-up and expanding Island businesses, thereby enabling them to create new jobs.

For an Isle of Wight Lottery Loan application pack please contact the office on 01983 529888 or enquiries@isleofwightlottery.com

Island Business March 2020

Island Business March 2020

Gold Patron – WightFibre

Gold Patron – WightFibre

Events

april

03apr7:30 am9:30 amIW Chamber Business Breakfast at The Garlic Farm

07apr2:30 pm4:30 pmProperty Investment Workshop with Red Squirrel Property Shop

16apr7:30 am9:30 amThursday Tea and Toast Networking - Artisan

20apr10:00 am12:00 pm'What to Expect When the Inspector Calls...' with Hillbans Pest Control

21apr9:30 am4:30 pmEmergency First Aid at Work 1 Day Course - Good Skills Training

21apr(apr 21)9:30 am23(apr 23)4:30 pmEmergency First Aid at Work 3 Day Course - Good Skills Training

21apr2:30 pm4:30 pmAfternoon Tea at Quarr Abbey

24apr9:30 am1:30 pmSocial Media for Business Success – with Nosy Marketing

28apr9:30 am12:00 pmAn Introduction to R&D Tax Credits for Companies

29apr9:30 am4:30 pmMaking Your Business More Accessible for Employees and Customers

30apr9:30 am4:00 pmOne-Day Business Start Up Course

may

08may9:30 am12:00 pmThe 5 Most Important Pages On Your Firm's Website with Dave Simon

13may7:30 am9:30 amWednesday Tea and Toast Networking - Caffe Isola

14may9:30 am4:30 pmManaging & Influencing Ourselves - and Others! with Ed Grey, BlueTouchPaper Consulting

20may9:30 am12:30 pmUsing Facebook Advertising for Beginners – with Nosy Marketing

28may9:30 am4:00 pmOne-Day Business Start Up Course

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