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Wednesday, 23 April 2014

New directors for loans company Enterprise Answers

Enterprise Answers, the not-for-profit company that provides loans to Cumbrian businesses that have been rejected by the banks, has appointed three more directors.

Robbie Mather, Alan Mitchell and Richard Gaskell take up the positions with immediate effect.

Mr Mather is a commercial property and planning lawyer, at Burnetts Solicitors, who has a strong interest in the leisure and tourism sector.

Mr Mitchell is a biological chemist, and a chartered mechanical engineer, who has worked in the pharmaceutical industry for 40 years.

He specialises in leadership coaching and has experience with Furness Enterprise delivering funding from GlaxoSmithKline to create jobs in the area.

Richard Gaskell recently retired as a chartered accountant at Scott Wilkinson in Lancaster.

He has also worked for Yorkshire Bank and is used to dealing with small and medium-sized businesses.

Enterprise Answers is based in Penrith and claims to be the county’s only community development finance institution.

It has helped more than 240 businesses – including 100 start-ups – since its launch in March 2005, lending more than £5m including £1.7m in the last 12 months.

It offers loans from £3,000 to £100,000 over periods of 12 months to 10 years.

The annual interest rate is 12 per cent and there is a 1.5 per cent arrangement fee.

To qualify, businesses must have sought funding from a bank and been turned down.

For more information call 01768 867118 or see the web site www.enterpriseanswers.co.uk.

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