Bradford lender hits £70m milestone

Lender provides record £1.6bn to UK SMEs
Credit: Jevanto Productions

Bradford-based social enterprise, the Business Enterprise Fund (BEF), has leant £70 million since it was founded fifteen years ago.

The lender, which also has offices in Leeds, Goole, Tees Valley and Manchester, provides flexible funding to start-ups and SMEs across the North.

“We’re incredibly proud to have reached £70 million of lending in our 15th year – we have also just celebrated a record month of lending for this year, with £1.15 million loaned to start ups and SMEs across our districts throughout October,” said Chief Executive Steve Waud.

“In the current financial year we’ve completed 268 deals and helped to start 214 UK businesses and as reported in our social impact report earlier this year, we’ve invested more than 3,000 hours of time in supporting our clients.”