Financing in the innovation era
The European Economic Forum is a place where entrepreneurs find inspiration. And where to look for funding? The answer is: Regional Development Fund for the Lodzkie Region. This year, RDFLR is the Main Partner of the Forum. For entrepreneurs, this means that from a business idea to financing there is just one step.
The Regional Development Fund for the Lodzkie Region is a company owned by the Lodzkie Region, tasked with a mission to support entrepreneurs and their business. The RDFLR operations cover businesses of all scales – from micro-enterprises to medium-sized companies registered in the region.
What was the reason for the Fund? The aim of the Regional Fund is to support the development of companies and boost their competitiveness. With additional funds, they can deploy innovations, find new markets and, to put it briefly, grow their business. And this translates directly into the development of the entire region. New services and products mean new jobs, higher profits for companies, higher wages for employees and, in the long term, also a higher tax income for the region, which benefits all its residents.
In what ways does the RDFLR support entrepreneurs? It accomplishes its objectives by providing low-interest repayable financing. Or to put it more simply: it offers loans for business development on terms that cannot be matched by any bank.
This is of particular importance now, at a time when access to capital is more difficult than ever over the last 30 years. Traditional, commercial forms of fundraising for business development purposes are not only very expensive, but also subject to heavy requirements for borrowers. The Regional Fund is dedicated to removing barriers to access to capital, which opens up entirely new opportunities, even for the smallest enterprises.
In the RDFLR’s offer, micro-enterprises can find low-interest loans for the start-up phase and for development. With its resources, medium-sized businesses can finance major investments. This is how the Lodzkie Region helps to increase the competitive edge of the local companies in the era of innovation, dynamic changes in the economic landscape, and globalisation.
How to receive support? Virtually every micro-, small and medium-sized enterprise in the Lodzkie Region can benefit from the offer by selecting an instrument dedicated to a specific sector (e.g. Regional Tourism Loan) or a specific spending objective (e.g. Regional Revolving Loan) at www.rfrwl.pl. The Fund operates through its financial intermediaries whose list can also be found on the website, and with their help, you can get the support you need.
It is no coincidence that the Regional Development Fund for the Lodzkie Region is present at the European Economic Forum – Lodzkie 2022. Indeed, the Fund constitutes an element of the Region’s consistently implemented support for entrepreneurs, enabling them to increase their competitiveness. From inspiration, through knowledge, opportunities to meet business partners, to funding – the duo of the EEF and RDFLR is leading the Lodzkie Region’s entrepreneurs towards success.
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