Local Enterprise Agency Loan Funds: a review of performance1 September 2006
- Social Change
- Social Enterprise
The report was commissioned by the National Federation of Enterprise Agencies and supported by Esmée Fairbairn. It suggests business start-ups are missing out on vital funds to kick-start their ventures as few realise they can access micro-finance as well as advice and support from the enterprise agency network. Non-commercial lending of the type available through the agencies is intended to reach the financially excluded with a viable business proposition but those who are unable to borrow from commercial sources. Crucially, the funds come with business advice which significantly increases the chances of unlocking backing from the high street banks.