Help at hand to finance firms
A COMMUNITY finance organisation which helps people to set up or expand their business says it is concerned some entrepreneurs’ ambitions are being stifled because they assume they won’t get finance.
Foundation East has helped a number of businesses in the region, including Bury St Edmunds-based Viking Tree Services, pictured right, and Diss-based sound and lighting company CEG, see centre pages.
Loans manager Valerie Jarrett said businesses that rise out of adversity are often the strongest.
“Our aim is to support people with sound business plans when they face a tough patch.”
The organisation works with them to get them to the stage where they can trade their way to success or they become eligible for mainstream banking.
This year, the organisation has loaned over �0.78m to small businesses, including that of Adam Thurkettle and Rob Sayer, who were just 19 and 18 when they set up Viking Tree Services in 2009. The pair, who met at Otley College, decided to set up a tree cutting enterprise but needed funds to gain a safety qualification. They were loaned the funds by Foundation East.
- 1 Two Suffolk beaches named among best in Britain for a winter walk
- 2 Eight centre-backs Ipswich Town could turn to this month
- 3 Woman who claimed council tax support had income of £100k per year
- 4 First look inside Ipswich's new Tim Hortons ahead of opening
- 5 Frustration as temporary traffic lights left in place for nearly a year
- 6 A14 reopens after 'serious' crash involving three lorries
- 7 Meet the man who has documented the entire history of a Suffolk village
- 8 Woman jailed for harassing behaviour in Bury St Edmunds
- 9 Suffolk landlord 'over the moon' to be named pub of the month
- 10 Suffolk coastline to feature on BBC Winterwatch