john-clancy-3A search on this website will bring news that – as well as looking further afield – our relatively new council leader is caring for those in most need – not only in the housing sector but in education and social welfare.

For more information see the Newsroom site: https://leaderofbirmingham.com/

The council is joining forces with the Aston Reinvestment Trust (ART) and the ThinCats Community Chest peer lending platform to assist start-up firms and social enterprises from the poorest parts of Birmingham that find it difficult to obtain loans from high street banks. ART and the city council will jointly underwrite loans of between £10,000 and £150,000.

Based at Innovation Campus, Birmingham, ART has lent over £20 million since its launch, helping small firms to grow and creating thousands of jobs. Loans are available for any purpose including supporting cash-flow. One of ART’s best known beneficiaries is Birmingham Michelin-star chef Glynn Purnell who took out a loan to open his first restaurant.

pat-conaty-best-cdfi-hero

The writer declares an interest as a founder share-holder. She watched Pat Conaty (receiving award, first left) then working at the B’ham Settlement), gradually convince people, notably Sir Adrian Cadbury, that a reinvestment trust, such as those Pat had seen working in America, could be set up. After years of painstaking effort it was launched, headed by Steve Walker who has worked ever since to promote its success.

Two sister sites carry references to ART’s work and one focussed on it in 2011, ‘The Aston Reinvestment Trust: helping small and medium businesses’. It is also featured in the services section of a website set up to focus on SME manufacturing in and near Birmingham.

Birmingham City Council leader John Clancy is appealing to Brummies to support a fund-raising scheme that could generate £3 million to help small businesses get off the ground:

“This is a pioneering local investment opportunity and a chance for people to not only get a financial incentive in the form of a tax relief, but also a social return.  Small and medium sized enterprises are the life blood of the local economy and their ability to grow, create inclusive economic growth and preserve jobs impacts on everyone who lives and works in Birmingham.”

For details of the investment process go to https://leaderofbirmingham.com/2017/01/26/new-funding-boost-for-birmingham-businesses/

Or directly to http://artbusinessloans.co.uk/invest-in-art/

 

 

 

Advertisements