Startup finance for North East entrepreneurs
Our region is full of big ideas and ambitious plans. Start Up Loans from BEF North East are helping founders realise their plans for thriving new businesses. We’re proud to back local entrepreneurs.
Check your eligibility
Flexible loans to start your business
Start Up Loans are giving entrepreneurs across the North East the confidence and capital to turn ideas into thriving new ventures.
Many founders use the funding to secure premises, buy equipment, or invest in early marketing activity. Others rely on the loan to bridge the gap between planning and trading, helping them build stronger foundations.
Access to affordable finance can make a powerful difference in communities facing economic challenges. It enables people with ambition to create jobs, revitalise high streets, and bring new energy to local economies. With fixed rates and mentoring support, Start Up Loans help new entrepreneurs move forward with clarity. This backing empowers North East founders to grow sustainable businesses and shape a more resilient future for themselves.
Start Up Loans at a glance
For entrepreneurs who want a government-backed opportunity to start stronger and grow faster.
Turn your idea into impact
- For businesses trading less than 5 years
- Average loan size: £11.5k
- 7.5% fixed interest, repay over 1–5 years
- No setup or early repayment fees
- No security or guarantors required
- 12 months free business mentoring
- Funds typically in 3–8 weeks
- Credit check required
Case study: Helping Dough & Desserts serve up a grand opening
A Start Up Loan let a Stanley takeaway entrepreneur fix up his premises in time to satisfy 750+ opening day customers. Now, Dough & Desserts is a beloved destination for North East foodies and influencers.
A Start Up Loan let a Stanley takeaway entrepreneur fix up his premises in time to satisfy 750+ opening day customers. Now, Dough & Desserts is a beloved destination for North East foodies and influencers.
What other business finance is available?
Longer-established businesses who don’t qualify for a startup funding can still access finance via a Small Business Loan.
These loans are commonly used to provide working capital or to power capital expenditure investments. Others use them to refinance short-term debt, spreading the cost over a longer period.
The BEF North East team have a deep working knowledge of the regional economy. We’ve helped businesses in diverse sectors like manufacturing, construction, hospitality, and even creative services find success.
Get funded in 4 steps
How much finance does your startup idea need to thrive?
Your Investment Manager shapes the right solution for you
One-to-one support from your loan manager.
Receive funding and 12 months free mentoring.
It takes less than a few minutes to apply for your Start Up Loan.
Apply nowGive your startup the best chance of success
With a Start Up Loan, you start strong. We’re ready to suggest the best finance options to suit your requirements and help you make the right first impression.