#CityRegion2015: Finance for Enterprise sponsors top Start-Ups

editorial image
0
Have your say

Finance For Enterprise has been supporting the start-up and growth of SMEs since 1985.

In 2014 the company, previously known as Donbac, rebranded and this helped stimulate interest and contributed to a record year with more than £5 million invested in local businesses.

FFE celebrated its 30th anniversary at the end of June and already 2015 is promising to be another exciting year.

In the first three months of this year alone, loans totalling £2 million have been made to viable businesses unable to access mainstream finance.

Having originally focussed on helping SMEs in South Yorkshire, it has responded to growing demands from neighbouring areas and has extended its coverage into the North Midlands and Lincolnshire. It has also increased the maximum loan value from £100,000 to £150,000.

Since 2009 the advice and finance organisation has loaned £12 million-plus to businesses, with £5 million of that total in 2014 alone.

This increase has been possible because FFE has used its own reserves to leverage funding from a variety of sources including both the European Regional Development Fund (ERDF) and Regional Growth Fund (RGF). It is also a delivery partner for the Government-backed initiative Start Up Loans, offering business support and low interest loans for entrepreneurs.

Managing director Arthur Foreman said: “Since 2009, we have loaned more than £12 million to over 600 businesses and helped to create hundreds of jobs. The economic impact value to the local economy during this period has been calculated to almost £40 million.

“In 2015 we are seeking to secure additional capital for investment and have increased staff numbers further to meet demand.

“We are passionate about supporting viable and hard-working businesses and want to contribute to making 2015 successful for the local economy.”

Finance For Enterprise was created in 1985 as one of the first enterprise agencies in the region. It has constantly adapted to the ever-changing business support environment and is regarded as a key provider of advice and finance in this area, helping both new start and established businesses.

Finance For Enterprise is an accredited community development finance institution, an accredited enterprise agency and a registered lender under the Enterprise Finance Guarantee scheme.

To learn how Finance For Enterprise can help you, telephone 0333 014 3455 or visit www.finance-for-enterprise.co.uk