Another major milestone for Pension-led funding chairman Adam Tavener

Pension-led funding chairman Adam Tavener was celebrating a significant milestone or two this week.
Adam is also the driving force behind the Alternative Business Funding portal, a unique collaboration which brings together 50 market leaders from the main forms of alternative business funding for SME finance.
He led a campaign which ended with a new law being passed which will change lending to small businesses forever. One key element of the Small Business, Enterprise and Employment Act requires banks to refer those businesses turned down for loans to online platforms which can introduce them to alternative funding providers.
Now Adam has received confirmation from the British Business Bank that ABF’s expression of interest in becoming a designated portal under the terms of the Act has been successful and has been invited to submit a formal proposal.
Adam said: “Receiving confirmation from the British Business Bank that our Expression of Interest (EOI) to become a designated portal was successful, was met with a mix of excitement and relief. Although we thought our EOI was strong, and we believe passionately in the innovative and collaborative ABF model, you are never quite sure that what you submit is what they want to see.
“It’s fair to say that this is among the genuine milestones passed on this journey, and it comes the same week that the ABF portal passed the 30,000 visits mark. Thirty thousand site visits in just over a year with a zero marketing budget, tells me that there might actually be something to this collaborative model.”