BEF hits £23m landmark

BEF hits £23m landmark

The Business Enterprise Fund (BEF) is celebrating after hitting the £23m landmark creating over 2,000 jobs over 11 years.

The lender, with bases throughout Yorkshire and in Darlington, assists SMEs which have been turned away from mainstream lenders, to access finances with loans provided for up to £50,000.

Chique Photography Studio, which opened its Huddersfield base in October 2014 with a BEF loan, sought out a second loan to open a further studio in Wakefield in October last year.

Jane Earnshaw, co-owner at Chique, said: “The support we received from the team at BEF was brilliant.

“They were able to advise every step of the way throughout the loan process which has enabled us to open the second studio and create a total of 20 jobs.”

BEF chief executive, Stephen Waud, added: “Although there are signs in the world economy around slackening pace and lower demand, we are not finding this at the grass roots level.

“Businesses are still eager for development and growth finance and we are keen to support those businesses.

“In 2016 we’re expecting to see a further increase in small businesses accessing finance to grow and progress which is heartening to see for the region.”

Read more about Chique Studio's growth here.