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Enterprise demand aids move into town

A REGIONAL organisation is aiming to help more entrepreneurs in the area after opening a Grimsby office.

Enterprise demand aids move into town

Over the past 12 months, Finance For Enterprise has seen growing demand from business owners who have requested access to loan funding to fuel future growth. 

In order to meet it, the company has taken a base at The Enterprise Village in Prince Albert Gardens.

It is headed by experienced senior investment manager Tim Daniels and new investment manager Jane Cusse.

Tim joined the Doncaster-based not-for-profit organisation in 2012, helping SMEs to access the most appropriate forms of financial lending. He has more than 40 years’ experience working in the banking and finance industry as well as also operating his own business.

Jane has spent most of her 26 year finance career supporting business owners in Grimsby and Lincoln with the Royal Bank of Scotland. After leaving her bank role in 2016, Jane has worked with the North East Lincolnshire Investment Hub, where she has used her knowledge and expertise to guide business owners through the process of applying for business loans and grant funding. 

Launched in 1985, Finance For Enterprise provides a wide range of tailored financial and business support to pre-start and growing SME businesses when traditional bank lending is not a viable option. The organisation acts as a start up loans delivery partner and joint fund manager for the Northern Powerhouse Investment Fund, which is underwritten by the British Business Bank. Loans provided by Finance For Enterprise can range from just £500 to £150,000.  

Andrew Austwick, executive director of Finance For Enterprise, said: “Over the past 12 months we’ve seen more businesses from North East Lincolnshire and within East Yorkshire apply for business loan funding to fuel future growth projects. It’s a clear sign that business confidence within the local economy is returning. We have provided support to local businesses in the region for a number of years and we felt the opening of a new regional hub would enable business owners to benefit from greater access to face-to-face support, as well as reflecting our own commitment to support the local economy.

“Our new members of staff each bring with them a wealth of experience and knowledge of the banking and business loan lending sector, as well as an understanding of working with businesses of all sizes in all sectors to ensure they are signposted to the available financial sources which best suit the needs of their business, whether looking for the funds needed to launch a new business venture or ready to grow and expand.” 

Funding breakfast served up next month

InvestmentHub NEL is bringing the Midlands Engine Investment Fund to Grimsby, for a special funding event next month.

A special breakfast update and Q&A session will be held from 8am on Wednesday, May 16, at The Innovation Centre, Europarc.

Bookings can be made online via Eventbrite or by email at info@investmenthubnel.org.uk

News Courtesy: www.humberbusiness.com

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