16 December 2011
Donbac Wins Prestigious Award
“OUTSTANDING CONTRIBUTION TO THE LOCAL ECONOMY” 2011
Donbac, a member of the CDFA, has won a major award, for their outstanding contribution to the local economy, announced at Doncaster’s most prestigious Chamber Business Awards Gala Dinner
The award recognises an outstanding contribution to the economy of Doncaster through attracting wealth into the Borough which has had a subsequent influence on the lives of Doncaster residents.
The award was presented by judge and sponsor, John Bills of Doncaster Free Press, who said: “We chose this organisation as our winner, due to their organisationwide commitment to growing the local economy. The judges were impressed by the level of their contribution to the economy not just directly, but indirectly by improving the skills of local people and local businesses and enabling them to become more competitive, not just in Doncaster but when pitching for business outside of the borough.
The organisation clearly demonstrated not just a track record of contribution to the economy but a coherent vision for their future, which develops and enhances this contribution. Their presence in the borough is critical to our future competitiveness and they have a key role to play in shaping this future.”
Angela Allison Executive Director at Donbac said, “We are immensely proud to receive this award acknowledging the continuing commitment of our Board to attract capital into the area and provide alternative funding for our local businesses. The hard work of the team under the leadership of Arthur Foreman our Operations Director has helped Doncaster businesses to compete and grow in this incredibly challenging environment.”
Established in 1985, as one of the first enterprise agencies and loan fund in the region, Donbac has made a substantial impact into the Doncaster economy providing pre and post investment advice and funding for start-up and existing businesses, unable to access funding from mainstream banks. Since 2010 alone, local businesses have received circa £3million of unsecured loans, providing over 700 jobs which in turn create around £13 million of disposable income into the area. Donbac, this year has secured an additional £2million for loans up to £25k available for local businesses.
The Doncaster Chamber Business Awards ceremony was held at Doncaster Racecourse and presented by BBC Look North’s Harry Gration.