Lent A Million – Not half…
BEF Smash Their Lending Record
It was 12 months ago now, when the Business Enterprise Fund (BEF) announced that they would commit to lend to small businesses, £1 million.
So successful was the scheme and, so supportive were the intermediaries and banks who signed up to the scheme, that BEF exceeded the target by nearly 50%.
Supporters of the scheme included Bradford Chamber, Leeds Chamber, HSBC, Barclays, Gordons Solicitors, Capital for Enterprise and Naylor Wintersgill Accountants along with many others.
£1.5 million, in the grand scheme of things, isn’t a lot of money not compared to the kind of lending that the banks do; but when you consider all the businesses that BEF have helped you begin to see that a £1.5 million goes a long way and does a lot of good.
New businesses started 52
Jobs created 75
Jobs sustained 159
Existing businesses supported 24
To celebrate the success of last year’s campaign BEF want to repeat that success and commit to lend to SME’s in the West and North Yorkshire £1.5 million. Bef are running a series of events to encourage the support for the lend a million campaign for this year.
BEF is a not for profit funder of businesses, who provide loan from £500 to £100,000. They work with the banks and intermediaries to support those businesses who have been unable to attract the financial investment they need to meet the business needs.
Operating in North and West Yorkshire BEF has loaned over £4.65millions in last 6 years and has supported over 230 businesses.
To register your support for our campaign go to http://www.befund.org or http://www.linkedin.com/groups?mostPopular=&gid=3067595&trk=myg_ugrp_ovr or more information contact steve waud on 01274 207217
