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VFB 2013 - Seed and startup funding - Business West and Virgin Startup
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VFB 2013 - Seed and startup funding - Business West and Virgin Startup

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Presentation by Tara Gillam, Business West

Presentation by Tara Gillam, Business West

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  • 1. Start-up and Seed Funding Tara Gillam @taragillam Darren Westlake @crowdcube Tom Jarman @tomajar #Venturefest
  • 2. Tara Gillam Business West Funding and Support for Startups and how to access it
  • 3. Content • Business West • Who we are • What we do • Ready for Business Programme • Startup Loans • SWIG Start-Ups • Virgin Startup • Non Start-up Business Finance/Funding • Contact Details
  • 4. Who we are  One of the most influential business leadership organisations in the UK  Work with & represent over 16,000 businesses in Bristol, Bath, Gloucestershire, Swindon and Wiltshire as well as across the wider South West  Over 200 Employees and an annual Turnover of about £18M
  • 5. What we do
  • 6. Ready for Business • • • • • National Business Start-up Programme Funded through the BIS’s Regional Growth Fund Assists start-ups in Business Planning and Accessing Finance Funded available to March 2015 In the last 18 months the south west has: – – – – – – Engaged with over 1,200 potential business owners Over 1,000 people have attended our 1 Day workshop 900 business diagnostics have been delivered Provided 1 to 1 support to over 450 new businesses Helped 180 businesses to start trading Created 40 additional jobs
  • 7. The Programme Overview
  • 8. Startup Loans • • • • • • Government Supported Programme Founded by Lord Young Chaired by James Caan Fund pot of £117.7M available March 2015 To date - £47.7M Investment granted to over 9,600 Businesses Age cap of 30 was lifted in October and now available to businesses in Wales and Northern Ireland • 6% APR and up to £10K (up to £20K for exceptional ideas) • Pre and New Starts (up to 12 months trading)
  • 9. SWIG Start-Ups • South West Delivery Partner for the Start-up Loans Scheme • Business West is their business support delivery partner • Over £2M available (over 300+ loans) by March 2014 • Pre-Start Up and New Businesses (up to 12 months trading) • 10K loans available on application (business plan required) • As of 1st October 2013 a PILOT PARTNER for the Over 30’s delivery of this loan fund! • Access to other fund pots through their parent group “South West Investment Group” (SWIG).
  • 10. Virgin Startup • Launched 24th October 2013 • National Delivery Partner to Startup Loans Company • Business West are their business support delivery partner for the south west • Over £2M available (over 300+ loans) by March 2014 • Pre-Start Up and New Businesses (up to 12 months trading) • Loans up to £25K available (business plan required) • Virgin Companies including: Virgin Media, Virgin Trains and Virgin Atlantic will be offering support to clients going through this programme
  • 11. Non start-up Business Finance/Funding • Traditional Banks • We have links with the top banks and an understanding of their lending requirements • South West Investment Group Services (SWIG) • South West Loans Fund • Microcredit Fund • South West Angel Investment Network (SWAIN) • Equity Finance • Crowd Funding
  • 12. Contact • For more information contact Business West’s Business Startup Support Team T. E. W. 01275 376 233 readyforbusiness@businesswest.co.uk www.businesswest.co.uk/startup