BCRS marks tenth anniversary with networking event

BUSINESS loans body BCRS (Black Country Reinvestment Society) has marked its tenth anniversary with a networking event hosted by the Black Country Diners Club at Molineux Stadium in Wolverhampton.

The event attracted 70 high profile members of the West Midlands’ business community, who debated the future of a private sector-led recovery.
Main speaker at the event was Graeme Chaplin, West Midlands Agent for the Bank of England.

BCRS has made more than £10m of loans to small businesses and this year has seen it assist its 400th client in the Black Country and Staffordshire.
The society provides finance to local businesses turned down by banks, it lends from £10,000 to £50,000, with the intention to extend the range further.

Paul Kalinauckas, BCRS chief executive, said: “BCRS were delighted to be able to host the BCDC event. It was not only an opportunity for BCRS to celebrate our achievements but to also hear from Graeme Chaplin who discussed how the Bank’s network of 12 agents across the UK, including himself in the West Midlands, gather the information each month and help make a direct and valuable contribution to the Bank’s Monetary Policy Committee to help businesses in the UK.
“The event was lively and engaging and addressed the hot topics that real Black Country business owners have to face every day. BCRS through the BCDC event are keen to bring business owners together for the benefit of the community and the region’s economy at these quarterly events.”