Tag: SME Finance

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 & 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