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38.5KB 38.5KB Presentation Transcript

  • Environmental Enterprise and Innovation (MA) Lecture 9 Sources of Funding
  • Accessing Funds
    • Personal funds or family and friends
    • Grants
    • Banks
    • Business Angels
    • Venture Capitalists
    • Corporate Venturing
    • Public Markets
  • Accessing Funds
    • Family and Friends
      • Plan ahead and for every eventuality
      • Divorce can be ugly!
  • Grants
    • Rules and Regulations
    • Check eligibility
    • Is it suitable
    • Read the small print!
  • Grants
    • Smart
        • Technology Studies
          • Grants of up to £2,500 towards the costs of expert reviews against best practice.
        • Technology Reviews
          • Grants of up to £5,000 to help identify technological opportunities leading to innovative products and processes.
  • Grants
      • Smart
        • Micro projects
          • Grants of up to £10,000 to develop low cost prototypes of products and processes involving technical advances and/or novelty.
        • Feasibility
          • Grants of up to £45,000 to undertake feasibility studies into innovative technologies
        • Development
          • Grants of up to £150,000 undertake development projects. Exceptional grants up to £450,000.
  • Grants
    • Phoenix Fund
      • Entrepreneurs in disadvantaged areas
      • Emphasis on job creation and building local communities
    • Development Fund
    • Community Development Venture Fund
  • Grants
    • Enterprise Grants
      • Capital investment, e.g. equipment, plant, machinery, patent rights
    • Small businesses
        • 15% gross of fixed capital costs up to a maximum grant of £75,000.
    • Medium
        • 7.5% gross of fixed capital costs up to a maximum grant of £75,000.
  • Grants
    • Regional Selective Assistance Grants
      • Discretionary scheme, relocation, expansion
      • Check with regional Government Office
    • Early Growth Fund
      • Encourage risk capital funding of start-ups
      • £50,000
    • Regional Venture Capital Fund
      • Provide venture capital
      • £500,000
  • Where To Go
    • Government Departments e.g. Department for Trade and Industry
    • Regional Development Agencies
    • Government Offices
    • Small Business Service
    • Business Links
  • Banks
    • Popular choice for business
      • Familiarity
      • Ease
      • Cost
      • Flexibility
  • Debt Finance
    • Loans
        • Agreed interest rates
        • Agreed time
        • Usually secured
        • May not be suitable for start-up
    • Overdrafts
        • Linked to working cashflow
        • Interest only charged on time overdrawn
        • Short term
  • Loans
    • Small Firms Loan Guarantee Scheme
    • Unable to get conventional loan
    • Scheme will guarantee 70% of a loan.
    • £5,000 to £100,000
    • Apply through Banks
  • Debt Finance
    • Leasing
      • No need to pay payment
      • Monthly fees
        • Hire Purchase
        • Finance Lease
        • Contract Hire
  • Debt Finance
    • Factoring
      • Flexible loan based on company sales
      • No additional assets required as security
      • Involvement of a factoring company
        • Fees and interest charged
        • Arrangements quick and easy to set up
  • Equity Finance
    • Benefits
      • No repayment
      • No interest rates
      • Not tied to assets
    • In Return
      • Share of business
    • Business Angels
    • Venture Capital
    • Stock markets
  • Equity Finance
    • Business Angels
      • Private investors
      • Act individually or as a group
      • £25,000 to £1m
      • Cash and experience
    • National Business Angels Network
  • Equity Finance
    • Venture Capital
    • Long term commitment
    • Looking for:
      • High growth prospects
      • Ambitious management team
      • Unique selling point
  • Equity Finance
    • Corporate Venturing
    • Investment by large companies into smaller businesses
    • Financial benefits
    • Strategic alliances
    • Mutually beneficial
  • National Endowment for Science, Technology and the Arts (NESTA)
    • Funds for:
    • Research and development
    • Securing intellectual property rights
    • Business establishment and development for companies or individuals inventing or innovating novel technology.
    • £5,000 - £50,000
  • R&D Tax Breaks
    • Tax credits for small to medium sized companies carrying out research and development
        • Increased tax relief for qualifying non-capital research and development expenditure from 100% to 150%
        • Payable research and development tax credit for companies that are not in profit. This equates to £24 for every £100 spent on research and development
  • Shell LiveWIRE
    • Promoting enterprise among 16-30 years olds
    • Information and advice
    • Annual Awards
  • The Prince's Trust
    • Support for 18 0 30 year olds
    • Financial and business support
    • Up to £5,000 start-up loans
  • Financial Support
    • Many options
    • What do you need the funds for?
    • If and how will you repay?
    • Think carefully