Enterprise agency reconfigures to offer North East firms loans of up to £25,000

Pinetree has rebranded to offer advice, support and funding for entrepreneurs who are growing businesses

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Twenty pound notes

Entrepreneurs can take advantage of loans up to £25,000 from a North East enterprise agency which has relaunched recently.

Pinetree – previously known as Northern Pinetree Trust – has streamlined operations to put greater emphasis on a dedicated team of business advisers providing support and finance to individuals and businesses who need help to grow.

The Birtley-based agency employs a team of seven business advisers and pool of other experienced, specialist coaches, led by operations manager Andrew Airlie.

It is now thought to have the largest dedicated team in the region.

The organisation can offer loans of up to £25,000 and grants of up to £2,500 to individuals and business.

Phil Shakeshaft, chairman of Pinetree, said: “We are entering an exciting time in the organisation’s development. We now have significant loan and grant funds in place to make a difference and really help start-ups and existing businesses as we emerge from the recession.

“While other financial institutions are reluctant to lend, Pinetree is very much open for business and wants to hear from people with a business idea and plan.”

This new focus coincides with significant investment in the Pinetree Centre, the organisation’s managed office space, along with a refresh of the name and corporate identity.

Since 1991, Pinetree has been working to help a range of clients that include students, unemployed individuals, ex-offenders, people with physical and sensory disabilities, ex-service personnel, people aged 50+ and those individuals and businesses who have been refused mainstream finance.

More than 3,000 individuals and businesses have received some level of support from Pinetree since 2010 but this is now to be accelerated.


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