Launch of our home-grown business campaign | Blog | Foundation East

Launch of our home-grown business campaign

12th April 2011 By Katy Ford in News

This year we have already loaned £750,000 to businesses that had been refused bank finance despite having a viable business plan. We want to build on this successful model and loan even more in the coming year.

The decision to award a loan is made not by computer credit scoring but by a panel of members, many of whom are entrepreneurial business people or professionals themselves so they understand the skills and energy needed to run successful ventures.

The launch event is taking place at Chordal Green, a joinery company making handmade furniture. They used a loan from Foundation East to expand their workshop ready to meet the demand for their quality kitchens, wardrobes and bedrooms (check out their website – their furniture is beautiful!).

The business was founded by two university friends, and since the loan they’ve taken on two apprentices.

Our members get a real sense of achievement when the companies Foundation East has supported do well. If, like Chordal Green, they are also creating local jobs and training up the next generation of craftspeople, this is a real social return on their investment.

If you would like more information on becoming a member please get in touch.

Katy Ford, Chief Executive

Katy joined Foundation East in February 2004 at its inception, initially taking on the role of Finance and Investment Manager. She was invited to become Chief Executive in March 2009. Prior to joining the society she managed the treasury department for Marsh Inc in Guernsey for 14 years. Her role as Chief Executive is to lead the strong staff team to deliver the Vision and Mission of Foundation East, and to ensure the values of the company are embedded at all levels.

  • About the Author
    Katy Ford

    Katy Ford

    Katy’s knowledge of community finance is extensive, having worked for Foundation East since its inception in 2004. She is recognised locally as an influential business leader by the Suffolk 100 and nationally, as a founding member of AskIf, an online network of community-based lenders. Previous to moving across to community finance, Katy was the treasury manager for a large insurance company. She also has experience as a SME owner, having run a small hotel.

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