Tag: BEF

BEF Helps Learning Mentor Make Her Mark

BEF Helps Learning Mentor Make Her Mark

Thursday 7th October 2019

Andrea Page helps young children find their inner mojo thanks to a Start Up loan from BEF.

Andrea Page is a learning mentor based in Leeds, West Yorkshire with a passion for helping young children across Yorkshire learn new skills essential to their success within the education system and the world at large.

“The world we live in is so challenging and different from when I was young, I see so many children struggling to come to terms with this environment” she says. “My biggest joy is knowing that I make a difference to a child’s life now and in the future.”

As a learning mentor, Andrea works with children aged 5-8 within primary schools as well as running independent classes. She uses a blend of child psychology, art, music, breathwork and stories to equip young children with the tools and strategies in which to express their emotions safely and effectively.

Like many start-up business owners, Andrea’s initial challenge was to acquire the finance to setup her business and complete the required accreditation to become an Inamojo™ facilitator.

Thanks to a £6,000 Start Up loan delivered by BEF in December 2018, Andrea setup her business, completed the required Inamojo™ accreditation and banked enough cashflow for the early months of trading.

Speaking of her experience with BEF, Andrea said: “The loan allowed me to bring my dream to fruition. Without it, I wouldn’t have been able to start my business. Rupert Shires, my Start Up Loan Manager has been awesome. He took time to understand my project and then provided easy to understand and practical advice, not only about getting the loan but how best to survive the early stages of a new business.”

Rupert Shires, Start Up Loans Manager at BEF, said: “It was a pleasure to work with Andrea as Inamojo™ is an innovative and exciting programme that makes a demonstrable difference in the lives of young children. I wish Andrea every success as she works to impact the lives of young children.”

Andrea offers good advice to anyone dreaming of starting a business: “If you have a dream to make a difference in the world, there are organisations out there who will support you. You might think that you don’t have the experience or expertise to start your own business but there is support out there if you only go out and find it.”

For more information on the Inamojo™ wellbeing program visit http://inamojo.com/ or email Andrea at apagealt@gmail.com.

Story taken from: www.befund.org

BEF helps award-winning Agency for Good to grow

The Bradford-based marketing company is set to increase its impact thanks to a £3k Start Up loan from BEF.

Rich Sutcliffe is the founder of Agency for Good, an award-winning social purpose consultancy, web and creative marketing agency based in Bradford, West Yorkshire.

Agency for Good provide consultancy, web and creative services to start-ups and social purpose organisations, ethically and for less.

Good by name and by purpose, they provide six hours of free marketing consultancy to social purpose organisations to help them create more impact. They can then provide lower cost services including web design, graphic design and other marketing and digital services. They also provide these services to start-ups at better rates than the norm.

Since their launch in January 2019, Agency for Good have helped over 70 social purpose organisations and have 30 paying clients including North Invest, DigiBete and Bradford Hospitals Charity. Agency for Good have saved their clients thousands in fees meaning they can use their funds better and on the front line.

Rich said: “I love helping those who need the most help. The fact I can use my experience and skills to help others is amazing. I can shape something that has my values to create a greater impact in society.”

Keen to capitalise on their short-term success and the good press they were receiving, Agency for Good approached BEF for a Start Up loan in June 2019.

“We needed to redevelop our own site which had not been changed since day one due to time constraints.” Rich said, “We also needed additional funds for our own marketing and events to ensure sustainability over the long term.”

Thanks to a £3,000 Start Up loan delivered by BEF in July 2019, the redesign of the Agency for Good website is nearing completion. They have purchased long-term marketing materials for use at events and workshops, established an events marketing plan and set aside funds to help with any short term cashflow problems that may arise.

Since receiving the Start Up loan, Agency for Good won the New Business of the Year for Bradford Award at the Bradford Means Business Awards. They were also runner up for New Business of the Year at the Keighley and Airedale Awards.

“The Start Up loan allows us to keep creating social impact but ensure profitability.” Rich said, “Working with Josh was great, and he was enthusiastic about our business model, in all honesty the process was that quick and simple that it consisted of a few emails and a short meeting.”

Rich’s advice for other companies who face similar challenges is: “Don’t panic, think it through and assess as many options as possible. There is always someone out there that can help. Build a good network of trusted people around you.”

Josh Kelly, Start Up Loans Manager at BEF, said: “It was a pleasure to support Rich whose knowledge, experience and focus on social impact makes a real and meaningful difference to the customers he serves. Our support will enable Agency for Good to grow sustainably and impact more social purpose organisations and the communities they serve.”

For more information on Agency for Good visit https://agencyforgood.co.uk.


Looking for finance to start your own business in the creative sector? Our Start Up loans team is here to help.

£31m added to regional economy thanks to social enterprise

A Yorkshire-based social enterprise has announced it has boosted the region’s economy by £31m in the last 12 months as well increased lending to female entrepreneurs by 9%.

 

The Business Enterprise Fund (BEF), has made the announcement as part of its annual social impact report which also reveals the not-for-profit organisation has loaned a total of £7.08m in the last year, helped to create 175 new UK businesses and generated or safeguarded 820 jobs.

 

Specialising in responsible and flexible finance to businesses making an impact in their communities, 36% of BEF’s loans in the last 12 months were to female-led businesses across West and North Yorkshire and the North East.

 

Steve Waud, chief executive at BEF which is celebrating its 15th anniversary later this year, said: “At BEF we remain dedicated in our role to supporting under-represented yet tenacious SMEs across the North, who don’t necessarily have the same level of investment available to their counterparts in the South.

 

“We are proud that 36% of our loans in the year have been to female entrepreneurs which is higher than the industry average and we’re continuing to promote the support available to help tackle the evident funding gap, which has also recently been highlighted in the Alison Rose Review. The economic impact our lending continues to generate is something we are hugely proud of at BEF.”

 

BEF has made 331 client deals in the last 12 months with the highest number of loans being made to businesses in the manufacturing (25%), business services (18%) and retail (17%) sectors.

 

Shainy Moscovitch and her husband co-founded CP12 Energy, a gas and heating specialist partnering gas safe engineers with domestic and commercial jobs. A £50,000 loan from BEF contributed to creating three new jobs, marketing activity and fitting free carbon dioxide detectors across the North East region.

 

She said: “Most would think the odds are against me. I am a female entrepreneur and I am currently writing this with my one-month old baby beside me. BEF looked past all that and saw the company that I am passionately building. It is their belief in me and CP12 Energy that has given us wings to grow and expand.”

 

Steve said: “As part of our commitment to the United Nations Sustainable Development Goals (UNSDGs), we continuously aim to empower people from all backgrounds in starting their own businesses with our tailored support and flexible finance solutions.

 

“This year 40% of our lending has been within lower-layer super output areas which is a 6% increase from last year. These individual businesses are in areas which can be excluded from mainstream funding but are often having the highest impact within their communities.”

 

BEF has hired five new employees this year in a bid to provide further support and finance to business owners across the North of England, including the North West. Further to its lending, the social enterprise has supported a range of good causes including its continued work with Bradford charity, One In A Million for which it raised more than £7k in the last year.

 

The Business Enterprise Fund has offices in Leeds, Bradford, Goole and Teesside. For more information please visit www.befund.org

BEF & FFE Microfinance scheme reaches Powerhouse milestone

SME Loans

The Northern Powerhouse Investment Fund BEF & FFE Microfinance scheme has loaned more than £2m to small businesses across Yorkshire, the Humber and the Tees Valley.

Bradford-headquartered Business Enterprise Fund and Doncaster’s Finance For Enterprise were named fund managers in February for the Microfinance element of the NPIF and have since provided more than 50 investments to growing SMEs.

Stephen Waud, chief executive of the BEF group, said: “Investing more than £2m through NPIF – BEF & FFE Microfinance demonstrates the vibrant SME market in Yorkshire, Humber and the Tees Valley, but that’s not all because we have committed to match the investments through our own funds, so that equates to more than £4m invested in that period.

“There is no sign of slowing down, with SMEs accounting for 99.3 per cent of UK private sector businesses.

“The Autumn Budget has pledged £1.7bn into the Northern Powerhouse, combined with the government’s commitment to the British Business Bank, and we continue to be in a strong position to support entrepreneurs and businesses.”

BEF has offices in Bradford, Leeds, York, Goole and Teesside, and provides loans for businesses in industries ranging from manufacturing and service providers to food and drink and hospitality. Over the next five years, it is hoping to invest upwards of £50m in Yorkshire, the Humber and the Tees Valley.

Original story by

Matthew Ord Digital Staff Writer at Insider Media