Tag: Bradford

Tender for the Ad:Venture Accelerator Programme 2020

Tender for the Ad:Venture Accelerator Programme 2020

City of Bradford Metropolitan District Council (CBMDC) wishes to continue the success of the Northern MAX accelerator programme by launching Northern MAX 3 in early 2020, the third programme in as many years.  Northern MAX is an intensive business support programme delivered in Bradford to serve digital technology start-up businesses based in the Leeds City Region.

As such, CBMDC is inviting submissions from Service Providers to deliver an accelerator programme with a digital technology sector focus to a third cohort.

Northern MAX 3 will form part of the Leeds City Region European Regional Development Fund (ERDF) Ad:Venture programme which will deliver a programme of activity to enhance the competitiveness of small and medium sized enterprises until March 2022.

CBMDC is a partner in the Leeds City Council led Ad:Venture consortium of Local Authorities, Chambers of Commerce, the Princes Trust and the Universities within the Leeds City Region.  The Ad:Venture programme targets pre start-ups and businesses to 3 years trading, identified as having high growth potential, with the propensity to create jobs, trading predominantly business to business and is available to most business sectors. The package of support includes; expert mentoring, events and workshops, finance brokerage, grants, business incubator space, one to one consultancy projects and peer to peer learning.

The successful bidder will work closely with the CBMDC Digital Enterprise Advisor to support the delivery of a successful Northern MAX 3 accelerator programme.  The Digital Enterprise Advisor will provide ongoing support to businesses following the completion of the Northern MAX 3 programme. The successful bidder will also be expected to liaise with the Ad:Venture core programme team based in Leeds regarding marketing, ERDF compliance and documentation.

The Accelerator Programme will be 50% funded by ERDF and 50% funded by CBMDC.  The contract will be between CBMDC and the successful bidder.

For full details and submission guidance please CLICK HERE

£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

AD:VENTURE’S APPOINTMENT TO BOOST DIGITAL HEALTH INNOVATIONS

AD:VENTURE has added further strength to its growing Yorkshire-based team with the announcement of a new Digital Health Enterprise Advisor, who aims to boost the support offered to high tech start-ups operating in the digital health sector.

Helping high-growth small businesses in realising their big dreams, Rav Panesar will be responsible for mentoring Digital Health and Medical Technology start-ups, offering them tailored one-to-one advice, guidance and support.

Not only will Rav help high-growth new and young businesses to access masterclasses around business growth, he will also support with funding and connecting his clients with specialist industry experts, including NHS Digital and research institutes.

Rav will be based in Bradford with Bradford Council’s Business, Investment and Enterprise team but will work across the whole Leeds City Region.

 

Councillor Alex Ross-Shaw, Portfolio Holder for Regeneration, Planning and Transport, said: “This appointment is a great move for Bradford and our AD:VENTURE partners across the wider city region.

“The district has well established strategic strengths in medical and digital innovation with a strong track record in supporting and developing high tech companies. Having a specialist advisor on hand to support businesses in this high growth sector is excellent for the district and will support the wider economic strategy of the Council, adding even greater value to Bradford’s already excellent offer to its businesses. Following on from the very successful Northern Max programme we welcome the opportunity to nurture more businesses in digital and health technology, continuing to create a culture of enterprise and innovation for Bradford.”

Rav comments: “I really enjoy helping entrepreneurs realise their ambitions whilst reinforcing the importance of utilising technology as a vehicle to innovate within the digital health sector.  Supporting small businesses that have big ambitions has always been a passion of mine and this role provides me with the ideal opportunity to do so.”

Prior to his new role with Ad:Venture, Rav worked with young people and businesses, teaching them about the jobs of the future and pathways to securing the best career. He has also assisted several organisations to grow and develop through his experience of working on various European Funded business support programmes.

“I spend a portion of my time at the Digital Health Enterprise Zone, which is a collaborative space for academics, health professionals and businesses to get together. Here we innovate and test concepts or prototypes. It’s all very exciting.”

For further details about AD:Venture – the dynamic regional partnership which offers genuine, hands on support to new and growing businesses who have been trading for less than 36 months – please visit www.ad-venture.org.uk , follow @Adventure_LCR on Twitter – or contact Rav directly at ravinder.panesar@bradford.gov.uk