A Business Development Officer will be in touch within 5 working days.
The Business Development Team try to be as flexible as possible to meet the needs of our clients and have a flexible working practice in place to allow for this. We are happy to meet with you either at FIDC or at your home or business. We will try to meet with you at a mutually convenient time.
In some cases a project may be eligible for combined loan and grant funding. Please see scheme information page to see the types of funding available.
Throughout the process you will be assigned a Business Development Officer who will consult with you to scope out your project. They will advise you on what types of funding your project is eligible for and work with you to develop and prepare your project to the point of application, including advising on what types of supporting documents or information will be necessary to secure funding.
If your Business Development Officer is on annual leave, away for work purposes or is unable to attend work for any other reason, the Deputy Managing Director will assign another member of the team to continue to work with you during their absence if required.
Once your project is fully scoped out with your Business Development Officer, and you have gathered the necessary supporting documents (these might be quotes for equipment/services, historical accounts, financial forecasts etc. depending on the nature of your proposal) your Business Development Officer will provide you with a one page application agreement to sign and will append your supporting documents/evidence to this.
Information coming soon.
Funding applications assessed in house at FIDC either at Managing Director Delegated authority or by the Senior Management Team will take 5-10 working days. Application to Credit Committee will take 10-15 working days and applications to the Board 2-3 months depending on when the Board meets. Applications that need to be ratified at Executive Council can take an additional 4-8 weeks.
A minimum of 10% of the overall project costs is required.
Farms are valued by FIDC by livestock numbers and hectares, using the FIG DoA Farming Statistics (£20/sheep, £400/cattle and £14/ha).
Established to support the Falkland Islands’ aspirations as a community to be more environmentally focussed.
From small to large scale, we have already supported and maintain support for a number of projects that have benefitted local businesses.
