Newcastle, a vibrant city known for its rich industrial heritage, has evolved into a dynamic hub for business and innovation. Once famed for its coal mining and shipbuilding, Newcastle has successfully transitioned into diverse sectors such as digital technology, renewable energy, and life sciences, reflecting its adaptability and forward-thinking mindset.
Starting your own business in Newcastle is exciting, but finding the money to get started can be tough. That's where Business Enterprise Fund (BEF) come in. Our loans are all about helping Newcastle's businesses access the finance they need to grow and flourish.
We provide flexible finance to support different business needs and stages:
So, no matter your sector, the size of your business or how long you’ve been trading, we have a loan that can be tailored to fit your needs.
You can use a business loan to support a wide range of business activities:
Established in September 2015, The Great North Eastern Brewing Company brews real ale which it sells by the cask or keg to pubs, clubs and hotels in the north east and beyond. BEF have supported the business with a Start Up Loan followed by a further investment of £100,000.
The investment provided working capital to expand sales to hospitality businesses based in Edinburgh, York, and the lake district, with the business recently being added to the suppliers list at a leading high street pub chain.
“I have dealt with Doug Heseltine for 7 years now and would like to say that this business would not be at the stage it is without his help and the help of BEF hopefully the business will continue to grow so credit is due to you.”
- Paul Minnikin, director, The Great North Eastern Brewing.
We have built our loans to fit your business needs, and to tackle the unique problems you might face in the area. See how our different approach can your business take off:
Of course, you might have some questions. Here are some of the most common ones we get about Start Up Loans. If you have more questions, feel free to get in touch with us.
A Start Up Loan is here to help your Gateshead-based start-up grow, but we get that every business is different. You can generally use the loan for things like day-to-day costs, premises, equipment, stock, marketing, bringing on new team members, or other ways to build your business. Still, we suggest explaining how you plan to use the money in your application, so it matches up with what the loan is meant for.
Usually, you'll need to show us your Business Plan, Cash Flow Forecast, Personal Survival Budget, and Personal Bank Statements from the last three months. Don't worry, one of our friendly Investment Managers will let you know if we need anything else from you.
We look at every application carefully, considering more than just your credit history. Even if your credit isn't perfect, it doesn't mean you're out of the running. We suggest talking with an Investment Manager about your particular case to figure out the best way to move forward.
