Business Enterprise Fund (BEF) | Loans & Finance for Small Businesses

Business Enterprise Fund and the Bank of England would like to invite you to a breakfast networking event in Bradford on Tuesday 19 November, from 8am to 9.30am ☕ Breakfast and informal networking from 8-8.30, with the formal event starting at 8.30   The event will be hosted by Tim Hamilton, Chair of the Business Enterprise Fund and our special guest is the Bank of England’s Sam Woods, Deputy Governor for Prudential Regulation and Chief Executive Officer of the Prudential Regulation Authority (PRA)   Sam and Tim will each provide a short update on the financial system from their different perspectives. There will then time for discussion and question 💬   📍 The venue is BEF’s offices in central Bradford: 11 Peckover Street, Little Germany, Bradford. BD1 5BD   On street parking is available next to the venue and it is about a ten-minute walk from both Bradford railway stations   We very much hope you are able to join us. Please RSVP by Friday 1 November, to Alice Fox at alice.fox@bankofengland.co.uk

We are happy to announce that Hull-based locksmith, J O'Neill & Co has secured a £60,000 investment from the British Business Bank North of England Northern Powerhouse Investment Fund II (NPIF II), marking a significant milestone in their 80-year legacy. 🗝️ The loan has enabled them to: 🚀 Expand operations to meet growing demand in the community 🚀 Investment in new tools and technology that will enhance profitability and service efficiency. 🚀 Create 6 new jobs while safeguarding 30 existing jobs 🚀 Continue to directly impact the local community, providing essential services across East Yorkshire "It will allow us to invest in new equipment, meet growing demand, and create valuable job opportunities for the local community. We take great pride in our roots, and with this support from BEF and NPIF II, we’re well positioned to strengthen our service offering while driving sustainable growth for the future." - Ben Hicks, Managing Director If you are looking to grow your business in East Yorkshire, our dedicated investment managers like Duane Walker are here to support you! Get in touch today at info@befund.org ✉️ #NPIFII #NorthernPowerhouse #Investment #BusinessDevelopment #EastYorkshire

We’re thrilled to announce that the we have lent over £6 million in funding through Start Up Loans during the last financial year! 🎉 This achievement reflects our unwavering commitment to supporting aspiring entrepreneurs and fostering economic growth and social impact in our communities. If you're looking to start or grow your business and need financial support, get in touch at info@befund.org today! #businessloans #finance #startuploans Tim Burt Habib Karimi MCBI Jane Cusse Julie Micklethwaite Amber Kershaw Christian Elvidge Abigail Bickerdyke Lee Vickers Antony Nicholson Chris McGill Claire Constable Shannon Donaghy

This week we want to shout about Nova Salon 💅 An inclusive beauty space founded by the inspiring Sara Razzaq in Hartlepool! 💇♀️✨ With the support of a Start Up Loan from the British Business Bank, delivered by BEF, Sara has turned her dream into reality. After over a decade of experience in the beauty industry, she has created a welcoming environment that prioritizes inclusivity for all clients. At Nova Salon, clients can enjoy a wide range of treatments, from hair colouring to bespoke facials, all within a thoughtfully designed, accessible space. 💆♀️ Since opening, Nova Salon has already created six local jobs and is looking to hire an apprentice soon. Sara is also committed to giving back, planning to offer free beauty treatments to those in need. At BEF, we are proud to support visionaries like Sara, helping them overcome barriers and thrive in their communities. We look forward to seeing Nova Salon flourish and continue making a positive impact! #StartUpLoans #InclusiveBusiness #CommunitySupport #WomenInBusiness #BEFNorthEast Claire Constable

As we embrace the spooky season, let’s shed some light on a common fear for a lot of business owners: applying for finance! 😲 Many aspiring entrepreneurs worry about the complexities of securing funding, but at BEF, we believe that with the right support and guidance, the process can be straightforward and stress-free. Here are a few tips to help you face your financial fears: 🎃 Do Your Research: Understand your options—whether it's a loan, grant, or other funding sources 🎃 Prepare Your Documents: Having your business plan, financial statements, and other necessary paperwork ready can ease anxiety 🎃 Seek Guidance: Don’t hesitate to reach out to organizations like BEF. We’re here to support you every step of the way. 🎃 Stay Positive: Remember, every successful business owner once felt the same fear. With perseverance and the right support, you can conquer it! So this Halloween, let’s turn financial fears into opportunities for growth. Applying for finance might not be as scary as it seems! Get in touch today to discuss your needs at info@befund.org #BEFBusinessLoans #BusinessLoans #StartUpLoans #Finance

Our Start Up Loans investment manager Jane Cusse, recently secured £25,000 in funding for a business in the hospitality sector 🍷 The loan resulted in 10 jobs being created! 📈 If you are looking to start or grow your business., Jane can support you with up to £25k in flexible finance Get in touch at info@befund.org today! #startuploan #businessloan #smallbusiness #wetakeadifferentview

Another inspiring story from BEF North East 🥰 Beautician Sara Razzaq has turned her challenges into triumph by launching an inclusive salon, thanks to a Start Up Loan This inspiring journey highlights the power of determination and the importance of accessible beauty services for everyone Her story is a testament to resilience and innovation in the face of adversity, and it’s a shining example for aspiring entrepreneurs in our region 💰 The start-up loan provided crucial funding to cover initial costs, enabling the salon's launch. 💅 The loan facilitated the purchase of necessary equipment and supplies to create a professional environment. 🙋 Enabled Sara to design a salon that caters to diverse needs, promoting accessibility for all clients. 🤝 Helped establish a business that supports local employment and fosters an inclusive community atmosphere. If you’re looking to start or grow your business in the North East, we can support you with flexible finance up to £25k with a Start Up Loan Get in touch at info@befund.org #NorthEastBusiness #Inclusivity #Entrepreneurship #SupportLocal #startuploans #wetakeadiferentview Claire Constable

How would accessing funding impact your business? 🤔 Many business owners that come to us, need the finance as that final stepping stone to achieve their business goals But traditional lenders often turn them down 👎 That's where we come in At BEF, it's our mission to ensure businesses thrive by accessing the funding they need to start or grow 📈 And we can support you with flexible finance up to £250k 💰 Business owners like Caine Wild from Wild Intervention have achieved great things with the funding provided by BEF The loan will contribute to ✅ Creating 15 new jobs ✅ Safeguarding 43 jobs ✅ Directly impacting the local community If you are wanting to take that next step for your business, get in touch at info@befund.org British Business Bank North of England #NPIFII #NorthernPowerhouse  #Investment #BusinessDevelopment #EastYorkshire

Our Start Up Loans investment manager Amber Kershaw, recently secured £15,000 in funding for a business in the education sector ✏️ The loan resulted in 62 jobs being created/safeguarded! 📈 Amber is passionate about helping businesses grow and thrive by helping them access invaluable funding when traditional lenders aren't an option If you are looking to start or grow your business., Amber can support you with up to £25k in flexible finance Get in touch at info@befund.org today! #BEFWestYorkshire #startuploan #businessloan #smallbusiness #wetakeadifferentview

Our loans are more than just transactions, it's an investment to create a real impact in local communities And Wild Intervention is a perfect example of that 🌲 Their services range from residential support and educational outreach to advocacy and recreational activities. Their goal is to equip young people with key skills for a successful transition into adulthood British Business Bank North of England NPIF II Smaller Loans is designed to support businesses like Wild Intervention 📈 This loan will contribute to ✅ Creating 15 new jobs ✅ Safeguarding 43 jobs ✅ Directly impacting the local community If you are a business in East Yorkshire looking to take that next step in securing funding, our dedicated investment managers like Duane Walker are here to support you 🤝 Get in touch! #NPIFII #NorthernPowerhouse #Investment #BusinessDevelopment #SmallBiz #EastYorkshire