social impact report & annual statement

Modern Slavery Statement

Our response to modern slavery and human trafficking.


This statement sets out the Business & Enterprise Finance Ltd’s group (BEF) actions to understand all potential modern slavery risks related to its business and to put in place steps that are aimed at ensuring that there is no slavery or human trafficking in its own business and its supply chains. This statement relates to actions and activities during the financial year 1st April 2024 to 31 March 2025.

As part of being a Community Development Financial Institution, we recognise that we have a responsibility to take a robust approach to slavery and human trafficking.

Our organisation is absolutely committed to preventing slavery and human trafficking in its corporate activities, and to ensuring that its supply chains are free from slavery and human trafficking.

Organisational structure and supply chains

This statement covers the activities of BEF:

We only operate in the UK.

High Risk Activities

Due to the nature of our pre-employment checks for all new starters due to the regulatory requirements of the Organisation we believe that we are able to minimise high-risk activities linking to the employment of BEF staff.

Sub-contractors may prove to be higher risk activities because we are reliant on the subcontractor carrying out the necessary and relevant checking process.


Responsibility for our anti-slavery initiatives is as follows:

Relevant policies

We operate the following policies that describe our approach to the identification of modern slavery risks and steps to be taken to prevent slavery and human trafficking in its operations:

Due diligence

We undertake due diligence when considering taking on new suppliers and subcontractors and regularly review its existing relationships. Our due diligence and reviews include:


We require all staff to complete an online training course during their probationary period and as part of their annual on-line training requirements.

As well as training staff, we have raised awareness of modern slavery issues by putting up posters across our premises and circulating a series of emails to staff.