Breadcrumb Home Inclusive growth Backing our businesses Loans for small businesses Loans for small businesses Helping small businesses to grow Park Royal has been a centre for innovation, making and enterprise for generations. Today, it’s home to a diverse community of businesses that create, make and distribute products and ideas across the UK and around the world. To support the invaluable role that small and medium sized businesses play to the UK’s economy OPDC offers affordable loan to help local business invest, expand and grow. Making a difference Since 2023, we have awarded more than £500,000 to businesses across Park Royal, supporting new workspaces, specialist equipment, job creation and business expansion. The fund is designed to: Grow local business and attract investment into Park Royal. Increase the supply of affordable workspace. Create jobs, training and apprenticeship opportunities for local people. Support businesses to become more environmentally sustainable. Who can apply for the Loan Fund? Loans of up to £150,000 are available to: Businesses creating or improving affordable workspace. Small and medium sized businesses looking to grow, create jobs, enter new markets or reduce their carbon footprint. Read about the impact the Loan Fund has has on Park Royal Open Workshops. How to apply To apply for a loan, fill out an expression of interest form on our consultation website. Go to expression of interest form Testimonials The OPDC loan fund has been a key enabler of Klatch’s growth, allowing us invaluable access to affordable capital, without which our small team would not have been able to build a unique soundstage facility and studio complex in the heart of West London. Free Bird Film, Klatch Studios The loan from the OPDC has been transformational for POW, allowing us to double our floor space by creating a mezzanine and investing in new machinery. We've gone from 3 permanent studio members in our previous set up, to 15 studios - all of which are now fully let. We've also created a dedicated classroom to run our lessons from. Park Royal Open Workshops Thanks to the OPDC Loan Fund, we were able to invest in new machinery to scale up of our high-density interior panel made locally in Park Royal from post-consumer waste such as used coffee cups. The loan has enabled us to increase our production capacity tenfold and recycle up to 20 tonnes of waste every year. Blast Studios Speak to the team If you have any questions about the Loan Fund or would like to speak to a member of the team, please contact us on: [email protected]. Related content Small Grants Scheme Our Small Grants Scheme is an opportunity for residents, businesses and voluntary groups who are active in their communities and passionate about local causes to improve the quality of life in their neighbourhoods. Read more Inclusive growth Through the Inclusive Growth Programme, we help local residents to improve their skills, breaking down barriers to opportunity. Find out more. Read more Backing our businesses Old Oak and Park Royal are working closely with their partners to back the local businesses that drive growth in the community and promote prosperity for people in the area. Read more Supporting local talent At OPDC we firmly believe that people make places. Therefore, delivering tangible long-term benefits for the communities and businesses (both existing and new) that OPDC serves will rightly be a key measure of success for our work in Old Oak and Park Royal. Read more
Small Grants Scheme Our Small Grants Scheme is an opportunity for residents, businesses and voluntary groups who are active in their communities and passionate about local causes to improve the quality of life in their neighbourhoods. Read more
Inclusive growth Through the Inclusive Growth Programme, we help local residents to improve their skills, breaking down barriers to opportunity. Find out more. Read more
Backing our businesses Old Oak and Park Royal are working closely with their partners to back the local businesses that drive growth in the community and promote prosperity for people in the area. Read more
Supporting local talent At OPDC we firmly believe that people make places. Therefore, delivering tangible long-term benefits for the communities and businesses (both existing and new) that OPDC serves will rightly be a key measure of success for our work in Old Oak and Park Royal. Read more