Published: 31st Jul 2019

The Business Enterprise Fund (BEF) says they have boosted the region’s economy by £31m over the last 12 months. The Yorkshire-based social enterprise made the announcement as part of its annual social impact report which also reveals the not-for-profit organisation has loaned a total of £7.08m in the last year, helping to create 175 new UK businesses. The group specialises in ‘responsible and flexible’ finance to businesses making an impact in their communities and 36% of BEF’s loans in the last 12 months were to female-led businesses across West and North Yorkshire and the North East. BEF has made 331 client deals in the last 12 months with the highest number of loans being made to businesses in the manufacturing (25%), business services (18%) and retail (17%) sectors. Steve Waud, chief executive at BEF which is celebrating its 15th anniversary later this year, said: ‘At BEF we remain dedicated in … (To read the full article, subscribe below)