financing small business growth

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presentation given in February 2012 to cohort of small business owners as part of Manchester Metropolitan University's programme to support small business growth

Published in: Business, Economy & Finance
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financing small business growth

  1. 1. What’s on the menu?financing options for small and social enterprises
  2. 2. Traditional sources of cash • Equity (dragons and• Personal savings angels)• Family and friends • Factoring• sweat equity • Retained profits• Debt (bank loans, overdraft) • Grants Adrian Ashton
  3. 3. social enterprise “specials” CDFI Community shares Social impact bonds Loan stock In-kind crowd-funding Adrian Ashton
  4. 4. Do you have the right type of income? Adrian Ashton
  5. 5. Some problems with grants... Lead time Restrictions on use Cash-flow implications Admin time/cost in monitoring & reporting Risk of claw back Risk to credibility Adrian Ashton
  6. 6. What do you need the cash for? Dealing with failure (rebooting the business) fashion/credibility Validation (reassuring yourself) Set-up Development Working capital Adrian Ashton
  7. 7. Why you’re ‘un-fundable’ (you don’t give people what they want...)• Their money back (loans, equity)• Financial Return (loans, equity)• Social Return (grants, loans, equity)• Outputs & Outcomes (grants)• Security (loans)• Partners (grants, loans)• Exit Strategy (equity) Adrian Ashton
  8. 8. Further sources info & reading• Unlocking the potential – a guide to finance Social Enterprise UK• http://www.ncvo-vol.org.uk/sfp• http://www.knowhownonprofit.org/funding/social-in• Simply Finance Co-operativesUK Adrian Ashton
  9. 9. *GOOD MONEY WILL NOT MAKE A BAD ENTERPRISE GOOD Adrian Ashton

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