Social Impact Report 2016-17 by Business Enterprise Fund

Since 2004, Business Enterprise Fund, an EMN member, has been lending money to small businesses that need access to finance to thrive and grow. In the beginning, their social mission was to support businesses in Bradford, particularly set in deprived communities. 13 years later they have grown considerably, covering the wider region of Yorkshire and the North East but their core  aims haven’t changed.

They are motivated by seeing change in communities by the investments they make to local businesses. Following the financial crisis in 2007, they responded to the changing market and grown as an organisation, unlocking much needed funding streams from UK and European government initiatives, to serve SME businesses. In 2010, they set a target to lend £1,000,000 in a year. Now, they can see up to £500,000 worth of applications at their weekly credit panel meetings!

Their growth is not only a result of the different lending landscape for SME businesses, but it’s down to their commitment to lend responsibly, in a way that’s sustainable to the businesses they lend to: Business Enterprise Fund are currently focused on enhancing their digital proposition and are investing in cutting-edge technology to speed up and streamline the loan application process. 

The Business Enterprise Fund's social impact report highlights these achivements and includes case studies showing up their commitment with SME businesses in UK.

Download the Business Enterprise Fund Social Impact Report 2016-17