BEF backs Investing in Women Code
Responsible Finance Provider adds its support to new HM Treasury initiative
BEF are pleased to announce that it is now a signatory to the
Investing in Women Code launched by HM Treasury in July 2019.
The government-backed code supports the advancement of female
entrepreneurship in the UK by improving female entrepreneurs’ access to
finance, resources and tools from the financial services sector.
BEF’s alignment with the UN Sustainable Development Goals
(UNSDGs) and signature on the Investing in Women Code demonstrates an ongoing
commitment to bridging the existing funding gap faced by female-led micro businesses,
SMEs and social enterprises.
In the last 12 months, 36% of BEF’s loans supported
female-led businesses across Yorkshire and the North East.
“As a responsible finance lender with a strong social purpose,
BEF strives to deliver much-needed flexible finance to female entrepreneurs in
the North,” said Steve Waud, Chief Executive at BEF. “We are committed to
bridging the existing funding gap that was highlighted in the Alison Rose
Review[1]. We look forward to supporting more female-led businesses with the creative
finance and tailored support they need to grow, start and flourish.”
BEF joins other signatories that include Royal Bank of
Scotland, Barclays, Lloyds Banking Group, Santander, TSB, Metro Bank, UKBAA, and
the British Business Bank.
For full details on the Investing in Women Code, visit the
gov.uk website.
[1] The Alison Rose Review of Female Entrepreneurship