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Posted by Rachel Westall on 5 January 2021
Hale Events, one of the leading event organisers in the south west has accessed a £250k CBILS loan from Funding Circle. Funding Circle is a peer-to-peer network and one of the best-capitalised lending platforms in the world. They’re accredited by the Government-owned British Business Bank to provide loans under the Coronavirus Business Interruption Loan Scheme (CBILS).
Hale FD Mike Sartain said "Despite being well-resourced and financially secure, we've taken this loan as an insurance policy for our shows, so that in the case of Covid-19 related cancellations or postponements, our clients can rest assured we have the resources needed to run the shows in future. We also want our clients to be able to book into our current shows with certainty. This loan has enabled us to give them our own Covid booking guarantee." Mike continued "We've grown organically over the last 30 years, and we know how important it is to be prepared and create confidence for our clients until we see the economy recover."
Hale Events organise a mix of shows in the SW region, mainly for trade buyers of Gifts and Food & Drink, so increased staycations will mean increased business, but only once they overcome the challenges that Covid-19 has presented to the events sector. The organisation remains optimistic and, with their main events postponed until May and June of 2021, can see light at the end of the tunnel.
For more information, please contact Hale Events on +44 (0)1934 733 433 or visit the website www.hale-events.com.