BEF deliver CBILS funding lifeline to ecological house builder
Pure Haus keep building thanks to £50,000 CBILS support delivered by BEF.
Pure Haus, an ecological house builder based in Leeds, were
thrilled when they were approved and able to draw down their Coronavirus
Business Interruption Loans (CBILS) from the Business Enterprise Fund
(BEF). The funding they needed, was to
allow them to keep the building project going, whilst a larger facility was
being worked upon, but delayed because of the crisis.
The £50k bridging application was received on a Friday and
the following Thursday the funds were in the account.
“They were easy to deal with. The application was straight
forward, and the funds were quickly in our account. This is a bit of a lifeline
whilst the other funding channels are being finalised.”, said David
Bradley-Bowles, one of the directors of Pure Haus.
Pure Haus are one of the few developers in the country who
build houses to the premium standard of ecological housing developments, known
as the ‘Passivhaus’ standard.
“We are building one of the few developments in the country
where all the houses will meet this strict standard. This crisis just slowed
everything up.”, continued David.
“Being small allows us to be incredibly responsive and
agile. We have responded to a vast number of referrals in the market for
assistance during this difficult time. The CBILS facility from British Business
Bank has been a fantastic opportunity to help as many small businesses as we
can”, commented Steve Waud CEO of BEF.
“We have a fantastic team who are vastly experienced and
able to assist. So please contact us if you need help.”
BEF are community development finance institute (CDFI) specifically
designed to help organisations and communities with finance when they need it
Looking for CBILS support for your business? Please visit our Coronavirus Business Interruption Loan Scheme page.