Three senior figures from Birmingham’s business world have joined the Board of ART (Aston Reinvestment Trust). Dr David Hardman MBE, CEO of Innovation Birmingham, Beverley Nielsen, Director Corporate Affairs at Birmingham City University, and Professor Monder Ram OBE, Director of the Centre for Research in Ethnic Minority Entrepreneurship at the University of Birmingham, will have their appointments confirmed by members at ART’s AGM (Annual General Meeting) on 26th September.
Innovation Birmingham Campus based-ART, which is a mutual organisation owned by its borrowers and investors, lends up to £100,000 to businesses in Birmingham and across the West Midlands that have been unable to meet their requirements from the banks. It has seen significant growth in demand in recent years and that trend looks set to continue.
Craig Errington, Chief Executive of Wesleyan Assurance Society and Chair of ART’s volunteer Board, says: “2013/14 saw record loan delivery for ART, up 45% on last year. More importantly, opportunities to provide additional funding to businesses in support of job creation and preservation in the future have been obtained, which will allow further growth in the year 2014/2015. ART is more needed now than it has ever been in its 17 year history. We are delighted that David, Beverley and Monder are joining the Board at this exciting time to help shape ART’s future.”
Steve Walker, Chief Executive of ART said: “The staff team is appreciative of the support received from the Board. The market for business loans is evolving, which brings both opportunities and threats to ART and other providers. The diverse backgrounds and experience of the new members, added to that already existing on the Board will be invaluable in helping us to steer our course in the years ahead.”
Businesses interested in finding out more about loans from ART should visit www.artbusinessloans.co.uk or contact the lending team on 0121 359 2444.