Business support provider Enterprise Loans has given a funding boost to more start-ups and growing businesses than ever in the East Midlands over the past six months.
The not for profit organisation, formerly known as First Enterprise, provides responsible loans and business advice and has given out £1,450,000 in much needed cash to 85 fledging companies and growing organisations across the region, since April 1 this year.
The businesses which have benefited are primarily within the food and drink sector. Enterprise Loans has a strong history of helping food and drink retailers to thrive.
Entrepreneurial duo Nigel and Sam, who run Junkbars Ltd, received £50,000 worth of loans from First Enterprise to launch Junkyard, a specialist craft beer bar, and their latest venture the Herbert Kilpin Public House in Nottingham – which opened last year.
Herbert Kilpin was named after founder of Italian football club A.C Milan who hails from Nottingham. It’s the third pub to be set up by the pair who also run popular cocktail bar Boilermarker in Nottingham’s Lace Market.
Nigel said: “We’ve always found Enterprise Loans to be really supportive and the success of our venues wouldn’t have been possible without its financial backing.”
Another Nottingham company to have benefitted from Enterprise Loans’ support is the Treat Kitchen, which was shortlisted for growth in the 2016 Citi Micro Entrepreneurship Awards. It received £25,000 from the organisation to help it achieve strategic growth.
Set up by entrepreneurial couple Jess and Martin Barnett in 2014, The Treat Kitchen is an independent, family run confectionery retailer offering beautifully packaged, high quality confectionery.