Leading Midlands loan fund provider Enterprise Loans East Midlands has opened a new office in Lincoln to help support start-ups and entrepreneurs across the county.
After experiencing increased demand across Lincolnshire, the not-for-profit has opened its doors in BG Futures, which is part of Bishop Grosseteste University (BGU).
Carol Bratton, small business loan officer at Enterprise Loans, is heading up the Lincolnshire office. Born and raised in Grimsby, she said:
We have been operating in the county for a few years now but recently we have seen a big uptake in the number of businesses interested in kick starting their entrepreneurial dream or growing their start-up.
We therefore thought it was time to invest in a permanent office and full-time Lincoln staff to show that the we are serious about helping Lincolnshire people. Being based at the BGU’s BG Futures centre is fantastic as the centre champions start-ups and entrepreneurs growing their businesses so it really aligns with our values.
We offer a number of loans for start-up and SME businesses in need of extra support. So far we have seen lots of interest from high tech and high growth businesses, but I would encourage any Lincolnshire entrepreneurs looking for funding to get in touch.
First Enterprise is a not-for-profit organisation which provides business support and funding to businesses across the East and South East Midlands via its various funding streams such as the recently awarded Midlands Engine Investment Fund (MEIF) funding.
This is the organisation’s third office in the wider East Midlands region following the opening of its Leicester office in 2017 and its Nottingham headquarters.
Neil Millington, loan fund manager at Enterprise Loans, said:
Lincoln is a historic city which is seeing huge growth and inward investment but also has a really strong business community. The wider county is also thriving as key sectors such as agriculture and food manufacturing continue to flourish.
To date we have helped 56 businesses by lending more than £1,000,000 in the area but now that we have an established base we want to reach even more SMEs to help them achieve their goals. The Lincoln office will provide a great base for our business advisors working in the area.
Small, entrepreneurial businesses are vital to the business landscape but often find it difficult to obtain capital through traditional means which is where we can help. Moving forward, we are in the process of setting up an office in Cranfield and hope to open in a few more locations by the end of the year.