Press releases from 2009

TSELF helps innovative Nottingham social enterprise win awards
Despite the continuing global recession, and small businesses reporting difficulties getting loans from the banks, one innovative Nottingham firm – Wheelbase – is going from strength to strength and winning national awards, thanks to funding from TSELF.

TSELF to the rescue for Hartlepool’s disadvantaged youngsters
Children’s Activity Centre, Funky World in Hartlepool, Teesside, will soon be helping to transform the lives of disadvantaged children and young people in the area, thanks to funding from TSELF.

Car club hits the road thanks to TSELF

Option C is an innovative North East car club which

is really going places with the help of funding

from TSELF. Originally established in Durham,

a £45,000 loan from TSELF is helping the business expand into Newcastle.

TSELF bridges the finance gap for The Sustainability Centre

TSELF stepped in to help The Sustainability Centre in Petersfield, Hampshire, with a £36,000 bridging loan while they waited for grants for a new solar panel installation to come through.

TSELF loan will help relieve social worker crisis

A new co-operative providing locum social workers and social care staff has been set up in North East England thanks to a £60,000 loan from TSELF.

TSELF loan makes Wheels for Freedom a reality

A £20,00 loan from TSELF has helped a new company, Wheels for Freedom, save a highly-regarded minibus service for disabled people in Hartlepool.

*Photo courtesy of Freedigitalphotos.net

TSELF loan boost for Stanhope Adventure

Stanhope Adventure, a not-for-profit outdoor activity centre in County Durham, has received a £20,000 loan from TSELF to make essential improvements to its premises.

TSELF goes into SPACE

SPACE, a social enterprise in Blackpool set up by Sean McGinty to offer facilities and opportunities for young people interested in music and the creative industries, has received a £10,000 boost from TSELF.

*Photo courtesy of Freedigitalphotos.net

The Whole Story

Financial support from organisations such as TSELF is often vital to social enterprises. As the recession bites and funding from sources such as banks gets harder to access, the importance of alternative providers of finance is likely to grow. Whole School Meals in east Kent is one example of a social enterprise which, thanks to a £90,000 loan from TSELF, is now thriving.