Start, scale, and secure your business with a flexible loan of up to £250,000.
Hit he ground running. Get a government-backed loan to help you through the earliest stages of starting up your own business.
Working capital loans let you balance the cash going in with what's going out. Cover seasonal peaks and troughs, stay prepared for the unexpected.
Hire staff. Boost capacity. Move to new premises. Market to new customers. Invest confidently in every stage of growth.
Costly short-term loans seem like a good idea at the time. Refinance them to free up cash flow and keep money in your business.
Businesses at every stage of growth can access finance from BEF North East: pre-starts, startups, small businesses, and growing businesses trying to scale.
Because we take a dedicated place-based approach to lending, our loan managers have a deep knowledge of the North East's business culture. From Berwick to Blyth, Durham to Darlington, trust us to know how the region works.
"Business Enterprise Fund (BEF) North East is proud to be the region's only officially recognised Community Development Finance Institution (CDFI). CDFIs have a mission to create economic value and social impact in the regions they serve.
If traditional lenders like high street banks have let you down, let us take a look at your requirements. Since 2013, we've taken pride in finding ways to get these deals over the line."
-Lee Vickers, Regional Director
See the kind of impact BEF North East is making, direct from the people whose businesses power the region's economy.
Total invested in startups and SMEs
Jobs created or protected
Individual loans approved
Behind every loan, there's a story of a startup or SME owner who's thriving thanks to fair, flexible finance.
A new housing app is helping elderly and vulnerable residents understand the advanced sustainable tech now found in their homes. Support from Business Enterprise Fund North East and the government’s Start Up Loans programme was the foundation for success.
Newcastle-based fitness business NE1 Fitness Club has secured a £20,000 loan through the British Business Bank’s Start Up Loans programme. With support from Business Enterprise Fund North East (BEF North East), its community-focused gym is expanding.
BEF North East helped a real-life private eye open a detective room experience based on stories from her award-winning career. When the game was afoot, a £25,000 Momentum Loan cracked the case.
Thanks to a Momentum Loan, a Middlesbrough-based plumbing and gas specialist quadrupled its turnover in less than two years. It all began when the founder of MTP Gas swapped pilots for pilot lights…
A Gateshead watchmaker is giving the world’s most luxurious timepieces a new lease of life, right here on our doorstep. All it took was a little hand from the Start Up Loans programme and Business Enterprise Fund (BEF) North East.
A Stanley takeaway entrepreneur was able to serve up a grand opening for his dream venue’s eager new customers. Support from Business Enterprise Fund (BEF) North East to get a Start Up Loan was the missing ingredient.
Zac Winter, the founder of South Shields-based company AFL Decorating and Maintenance, is living proof that hard work and determination can turn a passion into a thriving business.
Your questions answered. Here are the most common queries we get about finance for startups and SMEs in the North East of England.
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