DESPITE the economic downturn, business support specialists First Enterprise Business Agency (FEBA) has reported a rise in would-be entrepreneurs looking to start their own businesses across Nottinghamshire.
Richard Tyas, enterprise development manager at FEBA said: “Even in these difficult times, people are still managing to find opportunities following redundancy.
“I think it’s a case of employed positions being increasingly harder to find. Plus, people who may have received a redundancy payout have suddenly found they have capital to invest in a new business idea that they may otherwise only have ever dreamed about.
“We are also seeing a rise in people buying into franchises as these can often offer a lower risk due to the brand already being established.”
Established in 1989, Nottingham-based FEBA is a leading business support organisation which provides a range of services that help people start-up and expand business throughout the East Midlands.
As well as delivering a loan fund on behalf of Enterprise Loans East Midlands for aspiring entrepreneurs, its services include free, confidential and impartial advice, counselling and business training.
With an established client base of businesses ranging from the small to the very prominent, FEBA was originally set up to support the business support needs of the black and minority ethnic community, but now offers support and advice to anyone needing it.
Mr Tyas added: “Across Nottinghamshire, we have recently been helping a wide range of businesses take their first steps to success in sectors as diverse as catering, health and beauty, green energy and the motor trade.
“We are now actively seeking applications from wider Nottinghamshire, particularly in the North of the county.”
Business owners and individuals seeking funding to start or grow a business should contact FEBA/Enterprise Loans East Midlands trading as Small Loans for Business on 0845 602 7355 or check their eligibility and the criteria by downloading an application by visiting www.emda.org.uk/smallloans.