Most small businesses depend on a bank overdraft to keep their company afloat. That's fine if you are able to arrange overdraft facilities. It is well-recognised that it is easier for established, successful companies to borrow money than start-ups. It's a matter of assessing risk. Entrepreneurs often rely on family and friends for financial support, but not everyone can access loans in that way.
The Business Enterprise Fund believes that it is important to fill the funding gap for those who are unable to draw on the main sources of loans for one reason or another. If no-one is prepared to take a risk with those who do not have good credit ratings, then we will lose the potential of creative and talented individuals. That's why we took the decision to set up the Fund. With backing from the Government and the unique involvement of our business mentors and buddies, we are offering a package of support to help create successful small businesses across Leeds, Bradford and North Yorkshire. The Fund is investing in the future of business in the region and that's a risk worth taking
BEF significantly enhances the support and services to pre start, start up and micro businesses
In the Press
Free time for City Businesses
Business support fund through the gift of their time
Government further backs BEF
BEF accredited with the status of provider of the Small Firms Loan Guarantee Scheme
BEF Supports Big in Business
Big in Business is a new project aimed at helping disadvantaged young people.
Case Studies
Producer of novelty clocks improves their competitiveness
Rig Out produces, wholesales and retails novelty clocks.
Palm Cove Society increases its accomodation capacity
Palm Cove Society provides temporary supported housing for vulnerable people
Wharfe Valley Cheesecakes Limited
Martin Clay's high quality cheesecakes commence production...