Welcome to East Lothian Investments
East Lothian Investments Ltd (ELI) is a limited company by guarantee with no share capital that is a not for profit organisation. It is authorised and regulated by the Financial Conduct Authority (FCA).
The purpose of ELI is to provide small businesses with financial assistance and aims to alleviate access to finance.
ELI is an armís length company of East Lothian Council and the fund is managed by employees of the council but governed by a Board of Directors. The board of directors comprises of two East Lothian Councillors and three private sector business people who provide their time free of charge to the company and who take the decision to award or decline loan applications.
Loans can be applied for up to £25,000 and are interest free with a 5% arrangement fee. ELI is open to businesses at all stages and all sectors and types of businesses, including start up.
The next deadline for loan applications is 12pm on Friday 27th January 2023, to be presented at a board meeting on Wednesday 1st March.
East Lothian Investments Ltd. is authorised and regulated by the Financial Conduct Authority.