Social Investment Explained Andrew Croft C.E. CAN

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "Social Investment Explained Andrew Croft C.E. CAN"

Transcription

1 Social Investment Explained Andrew Croft C.E. CAN 1

2 Investor Provider Co-founder Strategic Partner Practitioner 2

3 CAN s Investment Journey Raised 19M of commercial debt M refinance to acquire a property portfolio valued today in excess of 22M Raised 3m venture philanthropy for CAN Breakthrough Manage 1.5M grant /loan community investment fund Co-raised 100M Milennium Award Fund and created UnLtd Consulted on the Social Investment Wholesale Bank now Big Society Capital Impact measurement consultancy Social Investment Finance Intermediary SIFI

4 Types of Finance As many types as there are needs: Asset backed Working capital / Payment by Results / Cashflow Infrastructure / Personnel investment Growth / expansion capital (new / more activities) Research and development Start up costs Reserves

5 Types of Funder Market by funder Commercial Transaction 55bn* Social Finance 150M* Market 750M 2015 Grant Transaction 13bn* Trust +* 3bn individual giving.

6 Types of Investment Different types of capital... Source: Derived from CAF Venturesome (2008), Quasi Equity. 6

7 Types of Funds 1. Grant (philanthropy) is usually for a specific reason Typically low risk for recipient unless clawback provisions apply Can require high level of potentially onerous reporting Usually finite period 2. Venture philanthropy. No cost! Significant intervention in the organisation and scrutiny High expectations 3. Equity (shares) Low risk for recipient. Investor shares risk Usually more expensive long term as they also share in upside Some legal entities are restricted on ability to issue shares Some intervention which can be significant

8 Types of Funds 4. Debt. There are numerous types of debt instruments Asset backed debt is less expensive and easier to raise Senior debt has a first charge over assets and is usually less expensive Mezzanine debt takes a place behind first or second charge holders and finances gaps usually at a higher price Bridging finance usually short term gap finance for asset acquisition & expensive Unsecured loan is usually expensive and used for cashflow / working capital Quasi Equity is a debt instrument that behaves like equity sharing risk rather than demanding fixed interest. 5. Venture capital Private investment funds harnessed usually for specific types of industry / sector where the investor has core competencies. Usually high intervention Will be driven by own requirement (exit, new fund,, other portfolio considerations)

9 Types of Funds 6. Crowdfunding. Small funds from many rather than large from few Easier to do today due to electronic platforms Work well for football clubs / community items etc Bonds particularly Social Impact bonds Will finance today s interventions for future performance Agreed and set criteria Usually 3 parties. Customer (gov), financier & delivery agent 8. Government guarantees 75% loan guarantees as a stimulus to the banking world

10 Attracting Finance Have a robust business plan: Market analysis / contract detail Cash flow Breakeven point Debt management / historical performance Once investment is made HIT ALL MAJOR MILESTONES! Make yourself attractive to investors What social value do you create? Quality of your team Your covenant and track record for financial sustainability

11 Sources of finance 1. Banks. Banks need to lend deposits to secure income. Even in the crisis more prudent ethical banks have funds. Triodos bank, Unity bank and Co-operative Bank 2. Mainstream banks have government guarantee schemes which they are using to make loans 3. Factoring companies. Typically more expensive but they will finance invoices (future income) at an agreed discount rate. 5. Asset lease companies finance equipment freeing cashflow. There may also be some beneficial VAT implications. It can move liabilities off balance sheet strengthening the accounts

12 165m of UK social investment deals in 2011 Boston Consulting Group forecast: 750m in 2015 Social Investment Growth Source: BCG (2012), The First Billion. 12

13 6m Next Steps(Wholesale) The social investment landscape Biz Support Grant Patient Capital 95m - 600m (Wholesale) Loan / Debt / Equity Olympic Legacy Programme 10m Contract & Investment Readiness Fund 10m 50m (Wholesale) Social Innovation Pioneers 10m Building 20m market Social Action infrastructure Fund Social venture intermediaries New specialist vehicles New instruments 8m 10m (Wholesale) 100k p.a. 13 5m

14 SI The Investor POV Due Diligence Financial Instrument Reporting & audit

15 Measuring Impact in SE s The state of thought and practice in the UK Roundtable with Providers, Investors, Grant Funders and Impact Measurement Providers Additional interviews + research Four key themes: Organisational Strategy and Intervention Market Context and Policy Dynamics Different Commissioning Drivers Emerging Social Investment Landscape Sectors: Offender management Health & Social Care Education and Youth Services

16 Social Investment an example 5m Social Impact Bond Duration: % 13% financial return if achieve min. 7.5% reduction in re-offending by 3,000 short-term (ex)prisoners 16

17 The longest journey begins with the first step Ancient Chinese proverb

Social Investment For Dummies

Social Investment For Dummies Social Investment For Dummies What social finance can (& can t) do for your social enterprise or charity Workshop session by Helen Heap, Social Investment Analyst Quid Pro Quo The Third Sector Finance

More information

Funding business expansion. Asset Finance and Asset-Based Lending as alternative approaches to Debt Finance

Funding business expansion. Asset Finance and Asset-Based Lending as alternative approaches to Debt Finance Funding business expansion Asset Finance and Asset-Based Lending as alternative approaches to Debt Finance Targeting growth If there was any doubt whether the UK economy remains on the path to growth,

More information

Secure Trust Bank PLC. 2014 YEAR END RESULTS 19th March 2015

Secure Trust Bank PLC. 2014 YEAR END RESULTS 19th March 2015 Secure Trust Bank PLC 2014 YEAR END RESULTS 19th March 2015 Introduction PAUL LYNAM Chief Executive Officer Strategy Continues to Deliver Maximise shareholder value by: To maximise shareholder value through

More information

Social investment in homelessness services

Social investment in homelessness services Social investment in homelessness services An introduction for providers Let s end homelessness together Homeless Link, Gateway House, Milverton Street, London SE11 4AP 020 7840 4430 www.homeless.org.uk

More information

YOUR GUIDE TO BUSINESS FINANCE

YOUR GUIDE TO BUSINESS FINANCE YOUR GUIDE TO BUSINESS FINANCE GIBSON HEWITT MAKES BUSINESS FINANCE EASY We put you at an advantage. Gibson Hewitt has knowledge of a wide range of business finance options from business lenders across

More information

What is social investment? About Triodos Bank

What is social investment? About Triodos Bank What is social investment? About Triodos Bank One of the world s leading ethical banks. We only support or lend to businesses and organisations whose mission is to generate positive social or environmental

More information

Funding your Business October 2014

Funding your Business October 2014 Steve Plaskitt Corporate Finance Partner 07881 511 853 steve.plaskitt@taitwalker.co.uk Funding your Business October 2014 Contents Overview Finding the right structure Sourcing the right funding Internal

More information

Secure Trust Bank PLC. 2015 INTERIM RESULTS 21st July 2015

Secure Trust Bank PLC. 2015 INTERIM RESULTS 21st July 2015 Secure Trust Bank PLC 2015 INTERIM RESULTS 21st July 2015 Introduction & business review PAUL LYNAM Chief Executive Officer Strategy continues to deliver Maximise shareholder value: To maximise shareholder

More information

Access to Finance Guide: 1. Bank Finance Options

Access to Finance Guide: 1. Bank Finance Options Access to Finance Guide: 1. Bank Finance Options Overdrafts An overdraft is a flexible way for you to manage short-term borrowing requirements. Business overdrafts are traditionally easy to arrange and

More information

Alternative Finance for Small Business

Alternative Finance for Small Business Accountants E-Guide Alternative Finance for Small Business Find the best options for your clients What is Alternative Finance? Alternative Finance, or Non-Bank Finance means those financial products provided

More information

Investment required: up to 400,000 (EIS pending)

Investment required: up to 400,000 (EIS pending) Web Brief New Peer-to-Peer Crowd Funding Business BFS Ref.: PF/394/045 Investment required: up to 400,000 (EIS pending) Summary Our client is a new start company, and will enter the rapidly expanding UK

More information

Agenda item 6 CfER 01/12/10-05 COUNCIL FOR ECONOMIC RENEWAL ACCESS TO FINANCE

Agenda item 6 CfER 01/12/10-05 COUNCIL FOR ECONOMIC RENEWAL ACCESS TO FINANCE 1. Purpose COUNCIL FOR ECONOMIC RENEWAL ACCESS TO FINANCE 1.1 Ensuring that businesses have sufficient access to start up and growth investment, not only to meet current demands but to finance the ambitious

More information

New Tax Reliefs to Promote Employee Ownership

New Tax Reliefs to Promote Employee Ownership New Tax Reliefs to Promote Employee Ownership 5 th January 2015 David Ellis Tim Nicholson Overview and summary requirements Overview Following a government review and consultation on increasing employee

More information

Community and Renewable Energy Scheme Project Development Toolkit

Community and Renewable Energy Scheme Project Development Toolkit Community and Renewable Energy Scheme Project Development Toolkit Balance Sheet Equity Investment Community Bond Issues Community Vehicle Crowd Funding Debentures a form of bond Debt Debt Service Cover

More information

British Business Bank Growth Loans Pilot

British Business Bank Growth Loans Pilot British Business Bank Growth Loans Pilot Delivering Help to Grow 26 th March 2015 Content Welcome and Introduction The Evidence Base: Research Findings The Growth Loans Pilot Application Process and Next

More information

Quasi-Equity. Case study in using Revenue Participation Agreements. Venturesome

Quasi-Equity. Case study in using Revenue Participation Agreements. Venturesome Quasi-Equity Case study in using Revenue Participation Agreements Venturesome 2 Venturesome is a social investment fund, an initiative of the Charities Aid Foundation (CAF). Venturesome provides capital

More information

FINANCIAL SUPPORT AVAILABLE TO BUSINESS (AT 8th February 2011)

FINANCIAL SUPPORT AVAILABLE TO BUSINESS (AT 8th February 2011) FINANCIAL SUPPORT AVAILABLE TO BUSINESS (AT 8th February 2011) Enterprise Finance Guarantee BIS 14 January 2009 Guarantees to lenders to enable them to provide debt facilities which would otherwise be

More information

Access to finance for. SMEs. István NÉMETH European Commission DG for Internal Market, Industry, Entrepreneurship and SMEs

Access to finance for. SMEs. István NÉMETH European Commission DG for Internal Market, Industry, Entrepreneurship and SMEs Access to finance for SMEs István NÉMETH European Commission DG for Internal Market, Industry, Entrepreneurship and SMEs Why EU intervention needed? EU financial instruments for SMEs Building on success

More information

THE RISE OF THE COMPOSITE LENDING BUSINESS MODEL

THE RISE OF THE COMPOSITE LENDING BUSINESS MODEL THE RISE OF THE COMPOSITE LENDING BUSINESS MODEL EXECUTIVE SUMMARY Alternative lending has become an important part of the financial landscape. Two major lending business models in this industry are marketplace

More information

GUIDE TO BUSINESS FINANCE & BUSINESS FUNDING

GUIDE TO BUSINESS FINANCE & BUSINESS FUNDING GUIDE TO BUSINESS FINANCE & BUSINESS FUNDING M3 Corporate Finance M3 Corporate Finance is an independent corporate finance house focused exclusively on mid-market transactions. M3 offers specialist corporate

More information

COMMERCIAL AND DEVELOPMENT FUNDING

COMMERCIAL AND DEVELOPMENT FUNDING COMMERCIAL AND DEVELOPMENT FUNDING CONTENTS CONTENTS DEVELOPMENT LOANS 5 COMMERCIAL MORTGAGES 7 UNSECURED BUSINESS LOANS 9 BRIDGING LOANS 11 BUY TO LET MORTGAGES 13 ASSET/EQUIPMENT FINANCE 15 MEZZANINE

More information

5. Funding Available for IP-Rich Businesses

5. Funding Available for IP-Rich Businesses 20 IP Finance Toolkit 5. Funding Available for IP-Rich Businesses Introduction As the Banking on IP? report notes; SMEs first port of call for finance is often a bank. Figures quoted in the report show

More information

Interim report 1st quarter 2016

Interim report 1st quarter 2016 Interim report 1st quarter 2016 About Komplett Bank ASA Komplett Bank ASA started banking operations on 21 March 2014 when the company received its banking licence from the Norwegian authorities. Komplett

More information

Financing for the Next Level C E O - S O L O M O N G L O B A L H O L D I N G S

Financing for the Next Level C E O - S O L O M O N G L O B A L H O L D I N G S Financing for the Next Level J. LUKE WESTERMAN C E O - S O L O M O N G L O B A L H O L D I N G S Table of Contents How to get your business growth capital Overview of capital sources Debt Traditional Financing

More information

Financial Challenges and Pains faced by SMEs. The funding options available to them at different stages of their development.

Financial Challenges and Pains faced by SMEs. The funding options available to them at different stages of their development. Financial Challenges and Pains faced by SMEs. The funding options available to them at different stages of their development. A Funding Whitepaper from SWBA. www.swba.co.uk 01225 580103 01932 244810 Table

More information

TRANSITIONING PCCW David Prince, Group CFO. CLSA Investors Forum Hong Kong - 15 May, 2001

TRANSITIONING PCCW David Prince, Group CFO. CLSA Investors Forum Hong Kong - 15 May, 2001 TRANSITIONING PCCW David Prince, Group CFO CLSA Investors Forum Hong Kong - 15 May, 2001 FORWARD LOOKING STATEMENTS This presentation contains forward-looking statements that involve risks and uncertainties.

More information

SOURCES OF FUNDING FOR IRISH BUSINESSES MAY 2015

SOURCES OF FUNDING FOR IRISH BUSINESSES MAY 2015 SOURCES OF FUNDING FOR IRISH BUSINESSES MAY 2015 INTRODUCTION TO PEGASUS CAPITAL SECTION I ABOUT US Pegasus Capital is a Dublin- based financial advisory firm We advise mid- market Irish companies on a

More information

M Simpson Associates

M Simpson Associates Download M Simpson Associates A Straight Talking Consultancy Business specialists with the ability to see through the smoke and get to the bottom line quickly Exclusive Business Insight from M Simpson

More information

CFG Annual Conference

CFG Annual Conference CFG Annual Conference Social Investment Geetha Rabindrakumar Big Society Capital grabindrakumar@bigsocietycapital.com What is social investment? Investment Financial return Social investment Financial

More information

Financing Strategies for the Oil & Gas Industry

Financing Strategies for the Oil & Gas Industry Financing Strategies for the Oil & Gas Industry Follow Steptoe & Johnson on Twitter: Follow @Steptoe_Johnson ALSO FIND US ON http://www.linkedin.com/companies/216795 http://www.facebook.com/steptoe.johnson

More information

Commonwealth Caribbean Regional Conference. Investing in Youth Exploring Strategies for Sustainable Employment. Financing and Financial Mechanisms

Commonwealth Caribbean Regional Conference. Investing in Youth Exploring Strategies for Sustainable Employment. Financing and Financial Mechanisms Commonwealth Caribbean Regional Conference Investing in Youth Exploring Strategies for Sustainable Employment Financing and Financial Mechanisms Presented by Ian Chinapoo May 25 th, 2011 Outline: Background

More information

About Komplett Bank ASA. Outlook. Developments to date

About Komplett Bank ASA. Outlook. Developments to date Interim report 4th quarter 2015 About Komplett Bank ASA Komplett Bank ASA started banking operations on 21 March 2014 when the company received its banking licence from the Norwegian authorities. Komplett

More information

Better Business Finance

Better Business Finance Better Business Finance Alternative sources of finance There are a wide range of financial products now available to help businesses access the investment needed to grow and thrive. This factsheet explains

More information

Foreword. Benefits of using advisers include:

Foreword. Benefits of using advisers include: Raising finance Foreword Raising funding be it bank, venture capital or business angel finance is a complicated process and can be both daunting and stressful. Using experienced advisers is essential to

More information

SYLLABUS CertITM. updated

SYLLABUS CertITM. updated SYLLABUS CertITM updated 02.09.13 OVERVIEW The Certificate in International Treasury Management covers the fundamentals of international treasury, risk and corporate finance and builds upon it in a practical,

More information

INVESTORS ENCOURAGE THE DEVELOPMENT OF A UK MUNICIPAL BOND MARKET

INVESTORS ENCOURAGE THE DEVELOPMENT OF A UK MUNICIPAL BOND MARKET INVESTORS ENCOURAGE THE DEVELOPMENT OF A UK MUNICIPAL BOND MARKET INTRODUCTION In March 2016 The Investment Association published the Productivity Action Plan that outlined how the investment industry

More information

UK CROWDFUNDING ASSOCIATION representing the crowdfunding sector in the UK OCTOBER 2014

UK CROWDFUNDING ASSOCIATION representing the crowdfunding sector in the UK OCTOBER 2014 UK CROWDFUNDING ASSOCIATION representing the crowdfunding sector in the UK OCTOBER 2014 UK CROWDFUNDING ASSOCIATION WHO ARE WE? The UK Crowdfunding Association represents the interests of its members across

More information

COSME Financial Instruments for SMEs

COSME Financial Instruments for SMEs COSME Financial Instruments for SMEs Stockholm, 4 February 2015 Directorate-General for Internal Market, Industry, Entrepreneurship and SMEs (DG GROW) Unit F3: SME Access to Finance Astrid Bartels (Policy

More information

Capital Market Glossary of Terms Apple Capital Group, Inc

Capital Market Glossary of Terms Apple Capital Group, Inc GLOSSARY OF TERMS -A- Accredited Investor The SEC designation for an individual or entity meeting any of the following criteria: Any director, executive officer, or general partner of the issuer of the

More information

Overview of Financial Solutions

Overview of Financial Solutions Overview of Financial Solutions The Etra Advisory Group provides solutions to businesses for growth, expansion, cash flow, refinance and acquisition. We cover the world of business financing that banks

More information

To address the wide-ranging challenges facing the United States, collaboration

To address the wide-ranging challenges facing the United States, collaboration Community Development INVESTMENT REVIEW 63 Social Impact Bonds: Using Impact Investment to Expand Effective Social Programs Luther Ragin, Jr.* Global Impact Investing Network Tracy Palandjian Social Finance,

More information

1 Regional Bank Regional banks specialize in consumer and commercial products within one region of a country, such as a state or within a group of states. A regional bank is smaller than a bank that operates

More information

The potential role of loans in Sector: Summary report

The potential role of loans in Sector: Summary report The potential role of loans in the ADHC funded NGO Sector: Summary report Department of Family and Community Services: Ageing, Disability and Home Care 28 April 2014 Bold ideas Engaging people Influential,

More information

Supply Chain Finance. SMMT Meet the Funder. 24 th October 2013. Improving Working Capital through effective Financial Supply Chain Management

Supply Chain Finance. SMMT Meet the Funder. 24 th October 2013. Improving Working Capital through effective Financial Supply Chain Management Supply Chain Finance Improving Working Capital through effective Financial Supply Chain Management SMMT Meet the Funder 24 th October 2013 SUPPLY CHAIN FINANCE Why Use Supply Chain Finance? Protect your

More information

1. State and explain two reasons why short-maturity loans are safer (meaning lower credit risk) to the lender than long-maturity loans (10 points).

1. State and explain two reasons why short-maturity loans are safer (meaning lower credit risk) to the lender than long-maturity loans (10 points). Boston College, MF 820 Professor Strahan Midterm Exam, Fall 2010 1. State and explain two reasons why short-maturity loans are safer (meaning lower credit risk) to the lender than long-maturity loans (10

More information

About Komplett Bank ASA. Outlook. Developments to date

About Komplett Bank ASA. Outlook. Developments to date Interim report 3 rd quarter 2015 About Komplett Bank ASA Komplett Bank ASA started banking operations on 21 March 2014 when the company received its banking licence from the Norwegian authorities. Komplett

More information

Real Estate Debt Market Overview

Real Estate Debt Market Overview Real Estate Debt Market Overview 1 Quarterly Transaction Volumes: 1Q2008 1Q2010* $50 $44 2008 Annual Total: $136 bn 2009 Annual Total: $49 bn $40 $30 $8 $14 $39 $6 $34 $4 0 $10 $0 $8 $14 $17 $14 $6 $5

More information

The big Small and Medium story - A commentary on SME Financing

The big Small and Medium story - A commentary on SME Financing The big Small and Medium story - A commentary on SME Financing Mr. Rakesh Singh CEO Limited Key Fundamentals update Developments since Mar 14 Apr Dec 13 Nov 14 New Government Equity Fed tapering / US Recovery

More information

Liquidity and Funding Resources

Liquidity and Funding Resources 112 Allianz Group Annual Report Liquidity and Funding Resources Organization The liquidity management of the Allianz Group is based on policies and guidelines approved by the Board of Management of Allianz

More information

Know o ing Y o Y ur r Options s & How to Access Them

Know o ing Y o Y ur r Options s & How to Access Them Knowing Your Options & How to Access Them Funding Choices in Edinburgh & Scotland Type of Finance Investment Grants Loans Type of Finance Invoice Financing Owners Capital Cash From Profits Asset Finance

More information

MFI Business Plan for (Name of MFI)

MFI Business Plan for (Name of MFI) Annex b: Business Plan Format MFI Business Plan for (Name of MFI). Organisational Profile. Background Provide a brief history of your organisation (i.e. start of operations, donor/other support, etc.).

More information

Athens University of Economics and Business

Athens University of Economics and Business Athens University of Economics and Business MSc in International Shipping, Finance and Management Corporate Finance George Leledakis An Overview of Corporate Financing Topics Covered Corporate Structure

More information

CREDIBLE RELIABLE CONNECTED

CREDIBLE RELIABLE CONNECTED MALTA 2 CREDIBLE RELIABLE CONNECTED ALTER DOMUS Malta ALTER DOMUS Alter Domus is a leading European provider of Fund and Corporate Services, dedicated to international private equity & infrastructure houses,

More information

All available Global Online MBA routes have a set of core modules required to be completed in order to achieve an MBA.

All available Global Online MBA routes have a set of core modules required to be completed in order to achieve an MBA. All available Global Online MBA routes have a set of core modules required to be completed in order to achieve an MBA. Those modules are: Building High Performance Organisations Management and Organisational

More information

Association of Retained. 20 th April 2011

Association of Retained. 20 th April 2011 Your Options For Raising Finance - Santander s Perspective Association of Retained Council Housing 20 th April 2011 Overview Santander & Our Commitment Context: HRA Reform Private Finance Broad Comparative

More information

Pay for Success (PFS) financing, sometimes known as social impact bonds (SIBs)

Pay for Success (PFS) financing, sometimes known as social impact bonds (SIBs) Community Development INVESTMENT REVIEW 69 Community Reinvestment Act Banks as Pioneer Investors in Pay for Success Financing Steven Godeke Godeke Consulting Pay for Success (PFS) financing, sometimes

More information

Futuregrowth Asset Management

Futuregrowth Asset Management Futuregrowth Asset Management Paul Rackstraw Managing Director Andrew Canter Chief Investment Officer /Our business Futuregrowth Asset Management is a specialist investment company that manages around

More information

International Personal Finance. Debt Investor Update

International Personal Finance. Debt Investor Update International Personal Finance Debt Investor Update April 2015 International Personal Finance Profitable business and strong track record A tested and resilient home credit business model Digital business

More information

KEY GUIDE. Setting up a new business

KEY GUIDE. Setting up a new business KEY GUIDE Setting up a new business The business idea You have a business idea, but can you turn it into a viable enterprise? Is there a market for the goods you will produce or the services you will supply?

More information

Course Syllabus For Banking and Financial Management Department

Course Syllabus For Banking and Financial Management Department For Banking and Financial Management Department School Year First Year First year Second year Third year Fifth year Fifth year Fifth year Fifth year Name of course Financial Accounting principles Intermediate

More information

Summary of GE Capital s SIFI Rescission Request

Summary of GE Capital s SIFI Rescission Request SUPPLEMENTAL DOCUMENT March 31, 2016 Summary of GE Capital s SIFI Rescission Request In 2013, GE Capital was designated as a nonbank Systemically Important Financial Institution (Nonbank SIFI) by the Financial

More information

Financial Challenges and Pains faced by SMEs. The funding options available to them at different stages of their development.

Financial Challenges and Pains faced by SMEs. The funding options available to them at different stages of their development. Financial Challenges and Pains faced by SMEs. The funding options available to them at different stages of their development. A Funding Whitepaper from HCBA www.hcba.co.uk 01932 244810 Pegasus Funding

More information

Customer Financing Tax Exempt Municipal Lease Purchase Agreements Bill Stancik & Scott Landau

Customer Financing Tax Exempt Municipal Lease Purchase Agreements Bill Stancik & Scott Landau Customer Financing Tax Exempt Municipal Lease Purchase Agreements Bill Stancik & Scott Landau MOTOROLA WEBINAR September 30, 2010 Tax Exempt Municipal Lease - Agenda Funding Options Overview Motorola Credit

More information

asset based lending supporting private equity

asset based lending supporting private equity asset based lending supporting private equity ABN AMRO Commercial Finance is a leading cross-border asset based lender, operating in the Netherlands, UK, Germany, France and Belgium. We offer a range of

More information

The rise and rise of non-bank lenders.

The rise and rise of non-bank lenders. DC Edge Issue 3 The rise and rise of non-bank lenders. There has been a seminal shift in the leveraged and infrastructure lending markets over the last year. Historically, the big UK clearing banks have

More information

COSME 2014-2020. Vilmos Budavari European Commission DG Enterprise and Industry, Unit D.3 Financing SMEs

COSME 2014-2020. Vilmos Budavari European Commission DG Enterprise and Industry, Unit D.3 Financing SMEs COSME 2014-2020 SEMINARIO FINANCIACIÓN INTELIGENTE PARA PYMES: INSTRUMENTOS NACIONALES Y FONDOS EUROPEOS EN EL NUEVO MARCO 2014-2020 Gran Canaria, 24 de Marzo 2014 Vilmos Budavari European Commission DG

More information

Securitisation after the credit crunch Is it right for your business?

Securitisation after the credit crunch Is it right for your business? www.pwc.com/securitisation Securitisation after the credit crunch Is it right for your business? Securitisation undoubtedly received a lot of adverse press during the credit crisis. In this publication

More information

Commercial Real Estate Finance Part 1: Origination and Credit Risk Management

Commercial Real Estate Finance Part 1: Origination and Credit Risk Management TRAINING PROGRAMME It's tangible, it's solid, it's beautiful. It's artistic, from my standpoint, and I just love real estate. Donald Trump OVERVIEW This course covers the fundamentals of Commercial Real

More information

Securitisation after the credit crunch Is it right for your business?

Securitisation after the credit crunch Is it right for your business? www.pwc.com/securitisation Securitisation after the credit crunch Is it right for your business? Securitisation undoubtedly received a lot of adverse press during the credit crisis. In this publication

More information

Your bid for growth funds. Supporting your business with financing decisions

Your bid for growth funds. Supporting your business with financing decisions Your bid for growth funds Supporting your business with financing decisions Contents 3 Introduction 4 Preparing your application 6 Assessing applications 8 What Barclays considers 9 Funding solutions 10

More information

Corporate Financing Strategies For Emerging Companies HAUSWIESNER KING LLP

Corporate Financing Strategies For Emerging Companies HAUSWIESNER KING LLP Corporate Financing Strategies For Emerging Companies What is Corporate Finance? The process by which companies raise capital, especially to fund growth, acquisitions etc. The primary goal of corporate

More information

Basel II, Pillar 3 Disclosure for Sun Life Financial Trust Inc.

Basel II, Pillar 3 Disclosure for Sun Life Financial Trust Inc. Basel II, Pillar 3 Disclosure for Sun Life Financial Trust Inc. Introduction Basel II is an international framework on capital that applies to deposit taking institutions in many countries, including Canada.

More information

Chapter 14. Understanding Financial Contracts. Learning Objectives. Introduction

Chapter 14. Understanding Financial Contracts. Learning Objectives. Introduction Chapter 14 Understanding Financial Contracts Learning Objectives Differentiate among the different mechanisms of external financing of firms Explain why mechanisms of external financing depend upon firm

More information

FUNDING SNAPSHOT 2013

FUNDING SNAPSHOT 2013 FUNDING SNAPSHOT 2013 Case Study How do I raise more finance for my business? Until recently the big banks were the first stop for businesses wanting to borrow money, but the marketplace is changing. Alternative

More information

UK Healthcare Team RISK AND INSURANCE SOLUTIONS FOR THE HEALTHCARE INDUSTRY

UK Healthcare Team RISK AND INSURANCE SOLUTIONS FOR THE HEALTHCARE INDUSTRY UK Healthcare Team RISK AND INSURANCE SOLUTIONS FOR THE HEALTHCARE INDUSTRY As a healthcare provider, you need a risk and insurance adviser with an in-depth understanding of the complexities of the healthcare

More information

Date: 23-24 June 2015. Venue: Presenter: Mr Ricardo De Beer

Date: 23-24 June 2015. Venue: Presenter: Mr Ricardo De Beer Date: 23-24 June 2015 Venue: Presenter: Mr Ricardo De Beer Profile Merger between the South African Micro-Finance Apex Fund (samaf) and Khula Incorporating IDC s SME mandate Purpose: provide finance and

More information

13 How will funding play a role in the shaping of the Big Society? Cathy Pharoah

13 How will funding play a role in the shaping of the Big Society? Cathy Pharoah 91 13 How will funding play a role in the shaping of the Big Society? Cathy Pharoah Rebalancing the financial responsibilities of public, voluntary and private sectors for public welfare is central to

More information

WWW.EZCONSULTING.COM.AU. Capability Statement

WWW.EZCONSULTING.COM.AU. Capability Statement WWW.EZ.COM.AU Capability Statement Capability Statement EZ Consulting provides Business Advisory Services and Operational Support to small and medium sized businesses, specialising in: o o o o Business

More information

Total Assets. Goodwill & Intangible Assets. 2005 Financial Impact. Impact. Description. 2005 Financial Impact. Impact. Description

Total Assets. Goodwill & Intangible Assets. 2005 Financial Impact. Impact. Description. 2005 Financial Impact. Impact. Description Total Assets Total impact $4,572m Assets increase to $297,757m Goodwill & Intangible Assets Goodwill & Intangible Assets AASB 138, AASB 3 $541m The changes to goodwill and intangible assets reflect The

More information

EU Finance for Innovators and Growth Companies in Poland. Warsaw, Thursday 6 November 2014

EU Finance for Innovators and Growth Companies in Poland. Warsaw, Thursday 6 November 2014 EU Finance for Innovators and Growth Companies in Poland Warsaw, Thursday 6 November 2014 Welcome addresses László Baranyay, Vice-President, EIB Krzysztof Pietraszkiewicz, President, Polish Bank Association,

More information

Funding body Programme Details Applicant Value Timing

Funding body Programme Details Applicant Value Timing Big Issue Invest Corporate Social Venturing Challenge access to funding, networks and partnerships for early stage social working in health, education, wellbeing, homelessness or the creative industries

More information

Debt Financing for Healthcare Companies: The Current State of the Market

Debt Financing for Healthcare Companies: The Current State of the Market Debt Financing for Healthcare Companies: The Current State of the Market Note: For the purposes of this paper, we will define healthcare as life sciences/biotech, medical devices, diagnostics and health

More information

Chapter 7: Financing Community Interest Companies

Chapter 7: Financing Community Interest Companies Office of the Regulator of Community Interest Companies: Information and guidance notes Chapter 7: Financing Community Interest Companies OCTOBER 2014 Contents 7.1. Financing: Companies limited by guarantee

More information

An introduction to social investment

An introduction to social investment An introduction to social investment Introduction In recent years social investment has emerged as a new source of funding for addressing complex social problems. For local authorities, this is not just

More information

All available Global Online MBA routes have a set of core modules required to be completed in order to achieve an MBA. Those modules are:

All available Global Online MBA routes have a set of core modules required to be completed in order to achieve an MBA. Those modules are: All available Global Online MBA routes have a set of core modules required to be completed in order to achieve an MBA. Those modules are: Management and Organizational Change (P.4) Leading Strategic Decision

More information

Brief Guide to Loan Finance for Trustees

Brief Guide to Loan Finance for Trustees Brief Guide to Loan Finance for Trustees ideas information inspiration Foreword In any review of the needs of the voluntary and community sector, access to finance ranks high on the list. While many trustees

More information

British Business Bank

British Business Bank British Business Bank Peter Wilson CEO British Business Bank Investments ABFA Annual Conference 3 June 2015 Contents Overview of the British Business Bank Rationale Business Model Aims Programmes Impact

More information

What we stand for. Creating access to fixed income investments you can trust.

What we stand for. Creating access to fixed income investments you can trust. Welcome to FIIG What we stand for Trust is key. It s key to building relationships with our customers, and it s key to safeguarding a sustainable future as a market leading provider of access to fixed

More information

Meet challenges head on

Meet challenges head on Meet challenges head on Deal Advisory / Global We can help you master Financial Restructuring. Enhancing value through financial restructuring. / 1 Your vision. Our proven capabilities. Despite its challenges,

More information

TREASURY AND INVESTMENT MANAGEMENT POLICY

TREASURY AND INVESTMENT MANAGEMENT POLICY TREASURY AND INVESTMENT MANAGEMENT POLICY 1.0 INTRODUCTION 1.1 This document sets out the policy for the University and its subsidiary companies concerning raising capital finance and investment of surplus

More information

NOTE ON LOAN CAPITAL MARKETS

NOTE ON LOAN CAPITAL MARKETS The structure and use of loan products Most businesses use one or more loan products. A company may have a syndicated loan, backstop, line of credit, standby letter of credit, bridge loan, mortgage, or

More information

Social investment, social investors, and Big Society Capital

Social investment, social investors, and Big Society Capital Social investment, social investors, and Big Society Capital mrobinson@bigsocietycapital.com July 2013 Charities and social enterprises are already a big part of UK plc but they could do more with better

More information

Let s work together. Intermediary product guide.

Let s work together. Intermediary product guide. Let s work together Intermediary product guide. Launched in 2009, Aldermore champions Britain s businesses. We offer straightforward banking products and services to small and medium-sized businesses and

More information

CfEL Equity Scheme Data

CfEL Equity Scheme Data CfEL Equity Scheme Data Summary CfEL manage a range of VC schemes providing equity finance targeted towards high growth potential SMEs on behalf of the Department for Business, Innovation and Skills (BIS).

More information

BRISBANE CITY COUNCIL FINANCIAL PLAN 2011/2012

BRISBANE CITY COUNCIL FINANCIAL PLAN 2011/2012 BRISBANE CITY COUNCIL FINANCIAL PLAN 2011/2012-1 - Purpose of the Financial Plan The financial plan is a component of Brisbane City Council s system of financial management. It helps ensure the financial

More information

IFT Information Note: No. 160. Cash, Treasury and Working Capital Management. Treasury and Risk Management. 1. What is Treasury and Risk Management

IFT Information Note: No. 160. Cash, Treasury and Working Capital Management. Treasury and Risk Management. 1. What is Treasury and Risk Management 1. What is relates to the provision of sufficient, and appropriate, liquidity for a company to fund its anticipated business requirements and the identification, and controlled management of, the financial

More information

Bank of America Merrill Lynch Banking and Insurance CEO Conference. London, 29 September 2009

Bank of America Merrill Lynch Banking and Insurance CEO Conference. London, 29 September 2009 Bank of America Merrill Lynch Banking and Insurance CEO Conference London, 29 September 2009 Good morning. I d like to thank Bank of America Merrill Lynch for letting us speak this morning. Before I talk

More information

Whether you seek to BROADEN, DEEPEN, OR SIMPLY REFRESH YOUR SKILLS, Consider F nultima

Whether you seek to BROADEN, DEEPEN, OR SIMPLY REFRESH YOUR SKILLS, Consider F nultima Whether you seek to BROADEN, DEEPEN, OR SIMPLY REFRESH YOUR SKILLS, Consider F nultima F nultima Our trainers have successfully delivered training programmes for some of the top global organizations (

More information

KENYA UNIT TRUSTS EQUITY FUND MANAGED FUND SHILLING FUND FIXED INCOME FUND

KENYA UNIT TRUSTS EQUITY FUND MANAGED FUND SHILLING FUND FIXED INCOME FUND KENYA UNIT TRUSTS EQUITY FUND MANAGED FUND SHILLING FUND FIXED INCOME FUND African Alliance is an investment banking group operating in Africa. We provide local and on-the-ground investment banking services

More information

By Alister Steele September 2012

By Alister Steele September 2012 A New Role for Housing Associations By Alister Steele September 2012 Introduction Housing association s core role is providing housing for those in greatest need underpinned by traditionally high levels

More information