News & views
The British Business Bank’s Enterprise Finance Guarantee (EFG) facilitates lending to smaller businesses that are viable but unable to obtain finance from their lender due to having insufficient security to meet the lender’s normal requirements. As an EFG accredited lender, Newable is provided with a Government-backed guarantee by the British Business Bank.
We collaborate with the LEP on joint events and initiatives and play an active role within the enterprise support eco-structure in the Buckinghamshire area.
Pathways 2 Enterprise Programme is managed by Newable and funded by the City of London Corporation, as part of its commitment to bridging the gap between the City and its neighbours.
Newable has developed an excellent working relationship with Coast to Capital at strategic and operational level. Our team is represented on a number of committees and working groups, making sure our services and resources are fully aligned with the LEP and other local partner-logos. We will shortly be launching a specific initiative helping SMEs develop international trade in South East Asian markets in collaboration with Coast to Capital and other public & private sector partner-logos in the area.
Newable manages several major outsourcing contracts for the Department, most notably the Export Support Delivery Services for Greater London & the South East of England providing technical and financial support to businesses looking to grow sales in overseas markets. Newable have delivered these services for over 9 years, winning repeat business through three consecutive contract re-tendering procedures based on our impressive track record for delivery and value for money.
Playing an active role on the LEP’s Enterprise Committee and other strategic work streams our team has forged strong joint working at strategic and operational levels. We will soon be launching a European funded programme focused on the emerging 5G technologies capability to maximise the trade and investment opportunities in the LEP area.
In 2014, Newable Business Loans and Lloyds Bank launched the innovative £5m London Loan Fund supported by the European Investment Fund (EIF). Our clients benefit from a guarantee issued under the European Progress Microfinance Facility established by the European Union. By October 2016, the fund had lent £2.6m to 149 micro businesses in London providing them with another way to raise finance.
London Loan Fund
Newable manage and deliver EU funded projects to the value of £8.3million. We work closely with the EU commission and UK Government and have been successful in applying innovative and effective programmes of support to SMEs surpassing all key performance measures and compliance.
All our business facing staff in the International Trade Teams are members of the IoE and we work closely with them in ensuring our training and personal development processes are maintained at the highest level to ensure our services and support for clients is up to date and relevant to SMEs.
Innovate UK is funding the Enterprise Europe Network nationally and coordinates the programme for the 21 partner-logos across England, Northern Ireland and Wales. Innovate UK is also part-funding the Innovate2Succeed programme delivered by Newable.
Newable, supported by a grant from the JP Morgan Chase Foundation, has developed ‘Get Ready to Supply’, a project to help London Small and Medium Enterprises (SMEs) to strengthen business capacity and access new supply-chain opportunities.
Newable is working with the senior team at OxLEP to launch a local initiative to internationalise SMEs using EU funded programmes. This will enhance current export support in the area by providing specific events and activities aimed at the LEPs priority business sectors.
Newable Business Loans is a leading Responsible Finance Provider and an active member of the Responsible Finance Association.
We have run an extensive programme of events in the Solent LEP area aimed at building capacity in SMEs looking to build business in overseas markets. We have focused on the marine sector and the significant composites industry in the Solent area and aim to build on this success by utilising EU funding project launching in 2016.
Newable works closely with SELEP teams in Kent County Council & East Sussex County Council to provide localised trade support and EU project delivery. We are active members of working groups and committees ensuring our services meet local demand and strategic priorities