PROSPER MAGAZINE: DIGITAL EDITION
WOLVERHAMPTON-BASED DIGITAL AGENCY SECURES £100,000 FUNDING BOOST
LearnPlay Foundation has secured £100,000 BCRS Business Loans through the Midlands Engine Investment Fund (MEIF) in conjunction with the Coronavirus Business Interruption Loan Scheme (CBILS).
The funding is being used to support the business’ cash flow during the period of disruption caused by the coronavirus. It is helping to safeguard 57 jobs and enabling LearnPlay to explore alternative ways of delivering interrupted contracts.
LearnPlay Foundation is a creative digital media company specialising in games-based technologies, film development, branding design and training.
Ro Hands, Managing Director of LearnPlay Foundation, said: “Securing this funding will allow us, like many businesses, to continue to work in an unpredictable economic landscape.
“As well as being committed to making a difference to people’s lives using games and media based technologies, LearnPlay now houses a successful media, programming and promotional task force, working with the likes of Tesco, the Highways Agency and local shops.
“Traditionally being a mainly face-to-face service, we will now focus on growing our remote offering by developing training sessions and assessments that can be conducted virtually.”
West Midlands based businesses can secure CBILS loans from £50,001 to £150,000 via BCRS Business Loans, where interest and lender-levied fees are paid by the government for the first year.
Alternatively, loans from £10,000 to £150,000 are available from BCRS outside of the CBILS scheme to help SMEs grow and prosper.
The Coronavirus Business Interruption Loan Scheme (CBILS) is managed by the British Business Bank on behalf of, and with the financial backing of the Secretary of State for Business, Energy and industrial Strategy (BEIS).
The Midlands Engine Investment Fund project is supported financially by the European Union using funding from the European Regional Development Fund (ERDF) as part of the European Structural and Investment Funds Growth Programme 2014-2020 and the European Investment Bank.
We offer personalised affordable business loans from £10,000 to £150,000 to help businesses thrive and grow!
We lend to SMEs overlooked by traditional lenders
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Visit www.bcrs.org.uk or call 0345 313 8410