BUSINESSES located in the Selby coalfield area can apply for funding to invest in their businesses.

The Coalfields’ Fund is offering between £40,000 and £1 million of equity funding for small and medium-sized businesses to support start-ups and early stage businesses, provide growth capital for more established businesses, as well as funding mergers, acquisitions and management buy–outs.

Paul Betts, investment manager with EV, (formerly Enterprise Ventures) a private firm which manages the fund, said: “We are on the lookout for sound businesses with a solid growth plan and can offer funding for a wide range of purposes. We will also work with the management team, offering support and guidance to ensure the business achieves its full potential.”