Where can I
go to get
funding for
my business?
The current finance
situation
A mixed bag…
 40% of small firms have been refused credit by their
bank
 Lending levels ar...
Where can I go for
finance?
Your
bank!

 Research suggests that many businesses
aren’t even approaching their bank and
ju...
Where can I go for
finance?
3rd
Party
Loans

 A number of loan providers operate
across the UK and can lend up to
£50,000...
Where can I go for
finance?
Equity
finance

 Investment in return for a stake in your
business
 Can often provide more t...
Where can I go for
finance?
Grants

 Targeted at high growth or attractive growth
sectors for a region
 Looking to incen...
Where can I go for
finance?

National Initiatives

 Enterprise finance guarantee – supporting bank
lending with governmen...
Summary
 If you want to grow your business,
then finance is available
 Ask your bank first – don’t assume
they wont lend...
Pathway Group
Promoting and encouraging
education and training and improving
and advancing employment
prospects for indivi...
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Access to finance and growth - supporting growth & development for West Midlands businesses

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Why do some firms grow faster than others? Also Successful businesses may sometimes find further growth hampered by a lack of funding. They may also be unaware of the full array of finance options available. SME access to finance schemes: measures to support small and medium-sized enterprise growth

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Access to finance and growth - supporting growth & development for West Midlands businesses

  1. 1. Where can I go to get funding for my business?
  2. 2. The current finance situation A mixed bag…  40% of small firms have been refused credit by their bank  Lending levels are subdued by:  Banks unwilling to lend  Reduced lending demand, however…  Only 4% of finance Directors cited external finance as an influence on capital spending decisions Looking at business issues in the West Midlands www.pathway2grow.co.uk
  3. 3. Where can I go for finance? Your bank!  Research suggests that many businesses aren’t even approaching their bank and just assuming they wont get credit  Banks want to lend – that is their business after all!  If you do want to pursue a different route for finance, many organisations will want to know you’ve spoken to your bank first Looking at business issues in the West Midlands www.pathway2grow.co.uk
  4. 4. Where can I go for finance? 3rd Party Loans  A number of loan providers operate across the UK and can lend up to £50,000 – Examples in the Midlands:  Arrow Small Business finance  Aston Reinvestment Trust  Coventry and Warwick reinvestment trust  Birmingham City Council  The Prince’s Trust Looking at business issues in the West Midlands www.pathway2grow.co.uk
  5. 5. Where can I go for finance? Equity finance  Investment in return for a stake in your business  Can often provide more than just finance  Examples include:  Midven – Midlands specialist venture capital  Advantage business angels  Mercia Technology Seed fund  Creative advantage fund Looking at business issues in the West Midlands www.pathway2grow.co.uk
  6. 6. Where can I go for finance? Grants  Targeted at high growth or attractive growth sectors for a region  Looking to incentivise job creation, capital expenditure or moving geographies  Examples include:  Business Development programme  Grant for business Investment  Innovation vouchers  Innovation networks Looking at business issues in the West Midlands www.pathway2grow.co.uk
  7. 7. Where can I go for finance? National Initiatives  Enterprise finance guarantee – supporting bank lending with government guarantees  Capital for Enterprise fund – high growth businesses  Enterprise Capital funds – large investment into SMEs  Aspire fund - women led businesses  Bridges fund – Investing in business with positive social impact  Enterprise Ventures  UK Innovation Investment fund Looking at business issues in the West Midlands www.pathway2grow.co.uk
  8. 8. Summary  If you want to grow your business, then finance is available  Ask your bank first – don’t assume they wont lend  Investigate grants  Consider alternative loan sources and equity finance Looking at business issues in the West Midlands www.pathway2grow.co.uk
  9. 9. Pathway Group Promoting and encouraging education and training and improving and advancing employment prospects for individuals and thereby contributing to the success of small and medium sized employers. To learn more, visit… www.pathwaygroup.co.uk Looking at business issues in the West Midlands www.pathway2grow.co.uk

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