1st November 2005

Over £ ½ million invested in local businesses

The Black Country Reinvestment Society (BCRS) has reached a record landmark in helping support enterprise activity in the region.

The Dudley based Society which provides business finance has reached a major milestone through meeting escalating demand from small businesses unable to get loans in part or in full from banks.

Paul Kalinauckas, Chief Executive of BCRS said “Reaching our £ ½ million investment target has been a great achievement for the Society. It clearly shows that an access to finance gap exists and many businesses do not get the opportunity to realise their full potential when they are turned down by traditional lenders.

“Nearly thirty businesses from narrow boat builders, fashion designers, printers and small manufacturers have been helped to grow and expand this year alone as a result of a loan from us. This is turn has helped to boost the enterprise culture in some of the most disadvantaged communities in the Black Country”.

The Society makes loans from £5,000 to £50,000 to small businesses that are contributing to the social, economic and environmental well being of the region..

For more information contact on 01384 342819.

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