TURNAROUND OF SMALL AND MEDIUM SIZED ENTERPRISES

Size: px
Start display at page:

Download "TURNAROUND OF SMALL AND MEDIUM SIZED ENTERPRISES"

Transcription

1 TURNAROUND OF SMALL AND MEDIUM SIZED ENTERPRISES

2 Definition of a Small and Medium Sized Enterprise (SME) Turnover Not more than Balance Sheet Not more than Employees Not more than Small 6.5 million 3.26 million 50 Medium 25.9 million 12.9 million 250 2

3 At the start of 2008, the 4.8 million UK private sector enterprises employed an estimated 23.1 million people, and had an estimated combined annual turnover of 3,000 billion. Number of enterprises, employment and turnover by number of employees, UK private sector, start of 2008 Number Enterprises Employment ( / 1,000) Turnover ( / million) All enterprises All employers 4,783,280 1,237,560 23,128 19,239 2,994,978 2,763,280 With no employees or more 3,545,720 1,032, ,055 26,710 6,020 3,888 3,857 3,332 2,665 9, , , , ,450 1,494,152 3

4 Almost all of these enterprises (99.3 per cent) were small (0 to 49 employees). Only 27,000 (0.6 per cent) were medium-sized (50 to 249 employees) and 6,000 (0.1 per cent) were large (250 or more employees) Small and medium-sized enterprises together accounted for more than half of the employment (59.4 per cent) and turnover (50.1 per cent) in the UK Small enterprises alone (0-49 employees) accounted for 47.9 per cent of employment and 36.5 per cent of turnover. 4

5 As I emphasised in my recent speech in Liverpool, and on many previous occasions, there is a special concern about the ability of SMEs to obtain credit. That is because SMEs, unlike larger companies, are constrained to borrow through the banking system which is at present under considerable stress. My conversations with businesses in all parts of the United Kingdom have reinforced this concern. Extract from letter from the Governor of the Bank of England to the Chancellor dated 29 November

6 SMEs have been heralded as the lifeblood of the British economy, the driving force that will lead us out of recession. So are we doing enough to help them? The Government has so far offered: The National Guarantee Loan Scheme will provide a cash injection of 20 billion in the coming months, which will be made available to businesses with a turnover of less than 50 million. 40 million will be channelled through the banks in the form of business loans. Credit lending facilities will also expand which could cut borrowing costs by one per cent. 6

7 The Rate Relief Holiday Scheme, which was due to come to an end on 1 October of this year, has been extended for another 6 months. The Government will also give businesses the opportunity to defer 60% of the increase of their business rate bills as a result of the RPI uprating, to be repaid across the following two years. On top of this, regulations are set to be relaxed, particularly in terms of health and safety which means SMEs will have fewer hoops to jump through. The expected January fuel price increase has also been dropped. 7

8 Investment is being encouraged too, from April 2012 anyone investing up to 100,000 in new start-up businesses will be eligible for 50% income tax relief and any tax on capital gains invested will be waived Is this enough? 8

9 We don t think so. SMEs need more hand holding and assistance to steer them through their current difficulties, help them plan the route out of recession, and give them access to funding. We want to offer SMEs the same type of turnaround service that is available to larger enterprises. 9

10 PRODUCT The Services Offering Performance review Development of recovery strategy Implementation Performance improvement Specialist solutions 10

11 Funding We should be able to introduce either directly or via brokers the following sorts of funding, as appropriate: Finance from banks Private monies Asset based finance Invoice discounting and factoring Equity 11

12 Conclusion We believe there is and will continue to be a significant demand from SMEs for this type of service over the next two years as, the European Union allowing, we emerge from the current difficulties. 12

Improving access to finance for small and medium-sized enterprises

Improving access to finance for small and medium-sized enterprises Report by the Comptroller and Auditor General Department for Business, Innovation & Skills and HM Treasury Improving access to finance for small and medium-sized enterprises HC 734 SesSIon 2013-14 1 November

More information

Small Business confidence, funding and the potential for growth

Small Business confidence, funding and the potential for growth Small Business confidence, funding and the potential for growth Executive Summary Following the 2013 budget in March, Bibby Financial Services conducted three surveys, surveying a total of 1,450 SMEs to

More information

Measures to support access to finance for SMEs. Funding for Lending... 2. The National Loan Guarantee Scheme (NLGS)... 2

Measures to support access to finance for SMEs. Funding for Lending... 2. The National Loan Guarantee Scheme (NLGS)... 2 Measures to support access to finance for SMEs Contents Funding for Lending... 2 The National Loan Guarantee Scheme (NLGS)... 2 Enterprise Finance Guarantee (EFG)... 3 Business Finance Partnership (BFP)...

More information

Finance for Business Growth

Finance for Business Growth Finance for Business Growth A Presentation by Clive Lewis, Head of Enterprise, Institute of Chartered Accountants in England & Wales (ICAEW) Finance for Growth Businesses Presentation will cover: Do you

More information

Enterprise Finance Guarantee. Frequently Asked Questions NOVEMBER 2014

Enterprise Finance Guarantee. Frequently Asked Questions NOVEMBER 2014 Frequently Asked Questions NOVEMBER 2014 Section One EFG Eligibility Conditions My business meets the basic EFG eligibility criteria. Does that mean I will definitely get an EFG loan? No. Lenders retain

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

A guide to investing. Appendix 7 Raising finance

A guide to investing. Appendix 7 Raising finance A guide to investing in Wales Appendix 7 Raising finance August 2013 Appendix 7 Raising finance Wales benefits greatly from the prominence of the UK in the global economy. The UK has the best developed

More information

Access to Finance & Business Planning for Small and Medium Enterprises. Caeman Wall

Access to Finance & Business Planning for Small and Medium Enterprises. Caeman Wall Access to Finance & Business Planning for Small and Medium Enterprises Caeman Wall Presentation Outline Fáilte Ireland s Business Planning Tools and Calculators Some Finance Options Useful Templates Recent

More information

Business Funding Guide January 2013

Business Funding Guide January 2013 Business Funding Guide January 2013 Identifying sources of funding for business is a complex and time-consuming process. We appreciate that the eligibility criteria, company size, sector, location, and

More information

Growing your Business: A Guide to SME Finance. www.contracts.mod.uk

Growing your Business: A Guide to SME Finance. www.contracts.mod.uk Growing your Business: A Guide to SME Finance Growing your Business: A Guide to SME Finance Michael Crosby Communications Officer Connect on LinkedIn Michael Crosby: uk.linkedin.com/in/michaelcrosby2/

More information

Supply chain finance: additional insights

Supply chain finance: additional insights 10 February 2012 Our ref: ICAEW Rep 14/12 business.finance@bis.gsi.gov.uk To Breedon Taskforce Supply chain finance: additional insights ICAEW is pleased to provide additional evidence to the industry

More information

A guide to the business services offered by: Also Trading As Really Useful Brokers Really Useful Factoring. 1 P a g e

A guide to the business services offered by: Also Trading As Really Useful Brokers Really Useful Factoring. 1 P a g e A guide to the business services offered by: Also Trading As Really Useful Brokers Really Useful Factoring 1 P a g e Contents Useful business contacts Business & Strategic Planning is not just for big

More information

Guide to Government s Business Services

Guide to Government s Business Services Guide to Government s Business Services August 2014 Why small business is big business 2 Index Helping small businesses: What support is there for a small business? 4 Business Advice 5 Local Advice & Support

More information

4. Financial assistance for investors: Grants and incentives

4. Financial assistance for investors: Grants and incentives 4. Financial assistance for investors: Grants and incentives An introduction from the UK Department for Business, Enterprise and Regulatory Reform There is growing interest from international companies

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

BRAVE INVESTS IN THE FUTURE THAT S WHY WE RE BACKING SMALL BUSINESSES AND FARMERS. #backedbyaib

BRAVE INVESTS IN THE FUTURE THAT S WHY WE RE BACKING SMALL BUSINESSES AND FARMERS. #backedbyaib BRAVE INVESTS IN THE FUTURE THAT S WHY WE RE BACKING SMALL BUSINESSES AND FARMERS #backedbyaib HELPING THEM WITH ACCESS TO CREDIT AT A RATE OF 4.5% #backedbyaib Backing brave SMEs and farmers helping them

More information

Finance and Small Business

Finance and Small Business Small Business Management 4 2011 Finance and Small Business Notices: go to your own bank and ask for the Business Start-up Pack This should contain useful info (printed and in CD format). Take a look at

More information

How to Solve Your Business Cash Flow Challenges in 3-5 Days

How to Solve Your Business Cash Flow Challenges in 3-5 Days How to Solve Your Business Cash Flow Challenges in 3-5 Days Cash Flow Challenges Are Cash Crippling Flow Challenges My Busines Are Crippling My Business Does this sound familiar? Your customers are paying

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

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

Manchester City Council Report for Information. Overview and Scrutiny Business Start Up Task and Finish Group 1 February 2012

Manchester City Council Report for Information. Overview and Scrutiny Business Start Up Task and Finish Group 1 February 2012 Manchester City Council Report for Information Report To: Subject: Report of: Overview and Scrutiny Business Start Up Task and Finish Group 1 February 2012 Access to Finance for Start Up Businesses Interim

More information

FUNDING GROWTH FOR BRITAIN S SMALL BUSINESSES

FUNDING GROWTH FOR BRITAIN S SMALL BUSINESSES FUNDING GROWTH FOR BRITAIN S SMALL BUSINESSES PUBLISHED IN ASSOCIATION WITH LORD DIGBY JONES ABOUT LORD DIGBY JONES Foreword If small and medium sized businesses can t access finance they can t grow. It

More information

BACKING SMALL BUSINESS NOVEMBER 2010

BACKING SMALL BUSINESS NOVEMBER 2010 BACKING SMALL BUSINESS NOVEMBER 2010 Introduction The Government has laid out a decisive plan to reduce the deficit and to restore confidence in the UK economy. Providing macroeconomic and financial stability

More information

Managing Cash Flow & Accessing Finance

Managing Cash Flow & Accessing Finance Managing Cash Flow & Accessing Finance A Presentation by Clive Lewis, Head of Enterprise, Institute of Chartered Accountants in England & Wales (ICAEW) Managing Cash Flow & Accessing Finance Presentation

More information

BUILDING THE BRITISH BUSINESS BANK: INVESTMENT PROGRAMME. Question & Answers FEBRUARY 2014

BUILDING THE BRITISH BUSINESS BANK: INVESTMENT PROGRAMME. Question & Answers FEBRUARY 2014 BUILDING THE BRITISH BUSINESS BANK: INVESTMENT PROGRAMME Question & Answers FEBRUARY 2014 Contents Contents... 2 Submission... 3 Target Market... 4 Match Funding... 4 Pari Passu Terms... 5 Legal, Structure

More information

How to apply for an interest free Energy-Efficiency Loan

How to apply for an interest free Energy-Efficiency Loan How to apply for an interest free Energy-Efficiency Loan Introduction This document will help you to correctly complete the online Carbon Trust loan application. When to make a Loan application You should

More information

Hilton-Baird s SME Trends Index

Hilton-Baird s SME Trends Index Hilton-Baird s SME Trends Index April 2012 Introduction WITH the Office for National Statistics confirming that the UK has slipped into its first double-dip recession for the first time since the 1970s,

More information

Trading during difficult times for SMEs. November, 2009

Trading during difficult times for SMEs. November, 2009 November, 2009 Introduction In an effort to support small and medium sized enterprises (SMEs), which constitute the main fabric of the upstream oil and gas supply chain, the Supply Chain Forum of Oil

More information

Capita Asset Services (Ireland) Limited acting as Operator of the SME Credit Guarantee Scheme

Capita Asset Services (Ireland) Limited acting as Operator of the SME Credit Guarantee Scheme 1 st Quarter Report of 2015 to the Minister for Jobs, Enterprise and Innovation detailing the analysis and performance of the SME Credit Guarantee Scheme at 31 st March 2015 Capita Asset Services (Ireland)

More information

SMEs access to finance survey 2014

SMEs access to finance survey 2014 EUROPEAN COMMISSION MEMO Brussels, 12 November 2014 SMEs access to finance survey 2014 This memo outlines the results of a survey undertaken by the European Commission to provide policy makers with evidence

More information

A winning partnership

A winning partnership A winning partnership Financing growth in the SME sector boostcapital.co.uk/broker Driving business growth with unsecured finance We believe SMEs are the backbone of the UK economy. As champions of SME

More information

Top Tips for Raising Finance

Top Tips for Raising Finance Top Tips for Raising Finance With Liz Gjoni All material Enterprise Enfield What do I Need? A realistic business plan that s concise and demonstrates your business idea makes sense and is financially viable

More information

Secondary research into the availability of business finance

Secondary research into the availability of business finance Secondary research into the availability of business finance NESTA The National Endowment for Science, Technology and the Arts (NESTA) is an independent body with a mission to make the UK more innovative.

More information

InsideManufacturing Issue 3. 02 Welcome 03 Case study: GWR Fasteners Ltd 04 Regional Growth Fund (RGF)

InsideManufacturing Issue 3. 02 Welcome 03 Case study: GWR Fasteners Ltd 04 Regional Growth Fund (RGF) InsideManufacturing Issue 3 02 Welcome 03 Case study: GWR Fasteners Ltd 04 Regional Growth Fund (RGF) 06 Frequently asked questions 08 Events & Did you know? 02 InsideManufacturing Introduction from Steve

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

Small Business Performance and Credit Conditions in the Current Recession

Small Business Performance and Credit Conditions in the Current Recession Small Business Performance and Credit Conditions in the Current Recession Small Business Job Losses Are Larger Than in the 2001 Recession Very small businesses (fewer than 20 employees) lost fewer jobs

More information

Incisive Business Guide to Factoring

Incisive Business Guide to Factoring Incisive Guide to Factoring Factoring Guide Summary This guide from Incisive outlines the features and benefits for your business from using factoring and invoice discounting services. Factoring is commonly

More information

Let CCH Consultancy unlock the tax relief in your Research & Development

Let CCH Consultancy unlock the tax relief in your Research & Development Let CCH Consultancy unlock the tax relief in your Research & Development CCH Consultancy How can we help you? Not everyone has the luxury of their own consultancy division on tap, but you do. When you

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

NEWS. Finance options may have the X-factor. Banks & Co PLUS. Saying yes to EIS could bring tax benefits. At a glance guide to some other key points

NEWS. Finance options may have the X-factor. Banks & Co PLUS. Saying yes to EIS could bring tax benefits. At a glance guide to some other key points Banks & Co NEWS SUMMER 2013 EDITION Finance options may have the X-factor Businesses could benefit from established ways of freeing up funds that they might not have considered in more upbeat times. PLUS

More information

LATE PAYMENT. An analysis by sector

LATE PAYMENT. An analysis by sector LATE PAYMENT An analysis by sector Late Payment: An analysis by sector Introduction For any business, the length of time taken for invoices to be paid is critical. It determines cash flow, the business

More information

Helping businesses source finance

Helping businesses source finance SUPPORTING BUSINESS - SOURCING FINANCE Helping businesses source finance Helping businesses source finance These are challenging times for every business. The economic environment has changed and many

More information

The Young Entrepreneur's guide to starting a business (Part 5)

The Young Entrepreneur's guide to starting a business (Part 5) Page 1 The Young Entrepreneur's guide to starting a business (Part 5) Richard Belsey & Fergal McLoughlin May 2013 A whistle stop tour of alternative funding options for start-ups As part of our Young Entrepreneur

More information

Enterprise Investment Scheme

Enterprise Investment Scheme Enterprise Investment Scheme Enterprise Investment Scheme This brochure provides a brief overview of the main points relating to investment into Enterprise Investment Scheme ( EIS ) companies and the tax

More information

Contact us free on 0800 085 5070 or visit www.mw-w.com

Contact us free on 0800 085 5070 or visit www.mw-w.com turnaround finance t-ban turnaround business angel network how t-ban works In the past there has been no effective way of bringing together pro-active investors and distressed businesses but t-ban offers

More information

[19.06.02A] Capital Gains Tax. Entrepreneur Relief

[19.06.02A] Capital Gains Tax. Entrepreneur Relief [] Capital Gains Tax Entrepreneur Relief 1. Entrepreneur Relief was introduced by Section 45 of Finance (No 2) Act 2013, which inserted a new Section 597A into the Taxes Consolidation Act 1997 to give

More information

Merseyside Loan & Equity Fund. Loans from 50,000 to 150,000. Application Form. Reg. No

Merseyside Loan & Equity Fund. Loans from 50,000 to 150,000. Application Form. Reg. No Merseyside Loan & Equity Fund Loans from 50,000 to 150,000 Application Form Name of Business: Contact Name: Business Address: Registered Address (if different): Reg. No Telephone Number: Mobile Number:

More information

Small Business Lending *

Small Business Lending * Reserve Small Business Bank of Lending Australia Bulletin Small Business Lending * These notes were prepared in response to a request from the House of Representatives Standing Committee on Financial Institutions

More information

Below market rate loans

Below market rate loans Below market rate loans Parent lending to subsidiary Subsdiary lending to parent Loans between subsidiaries Example 1a Example 1b Example 2a Example 2b Example 3a Example 3b Fixed term loan with no demand

More information

A Guide to Catering & Bakery Equipment Leasing

A Guide to Catering & Bakery Equipment Leasing A Guide to Catering & Bakery Equipment Leasing In association with Contents About AFE Group Ltd 3 About Academy Leasing 4 Why is Academy Leasing different? 4 What is leasing? 5 What is equipment leasing?

More information

Unsecured Loans to Business in the UK - Key Trends and Opportunities up to 2018

Unsecured Loans to Business in the UK - Key Trends and Opportunities up to 2018 Brochure More information from http://www.researchandmarkets.com/reports/2933671/ Unsecured Loans to Business in the UK - Key Trends and Opportunities up to 2018 Description: - This report provides market

More information

Parliamentarians Guidebook to Manufacturing Chapter 1: Finance for SME Manufacturers

Parliamentarians Guidebook to Manufacturing Chapter 1: Finance for SME Manufacturers Parliamentarians Guidebook to Manufacturing Chapter 1: Finance for SME Manufacturers i. Introduction... 2 ii. Overview: Finance for SME Manufacturers... 2 iii. Public funding mechanisms... 3 iv. Specialist

More information

Recent Developments in Small Business Finance

Recent Developments in Small Business Finance Reserve Bank of Australia Bulletin February Recent Developments in Small Business Finance This article focuses on recent trends in small business financing, including the interest rates and fees and charges

More information

Accounting and Reporting Policy FRS 102. Staff Education Note 14 Credit unions - Illustrative financial statements

Accounting and Reporting Policy FRS 102. Staff Education Note 14 Credit unions - Illustrative financial statements Accounting and Reporting Policy FRS 102 Staff Education Note 14 Credit unions - Illustrative financial statements Disclaimer This Education Note has been prepared by FRC staff for the convenience of users

More information

SMALL BUSINESS LENDING OPPORTUNITIES FOR CREDIT UNIONS

SMALL BUSINESS LENDING OPPORTUNITIES FOR CREDIT UNIONS SMALL BUSINESS LENDING OPPORTUNITIES FOR CREDIT UNIONS February 14, 2012 Terrence K. McHugh President Commercial Alliance 1 Business Lending in Credit Unions 1998 regulation limits business lending in

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

Legal Aspects. Tax Relief for Innovative Businesses Andrew Wilson and Michelle Andrews

Legal Aspects. Tax Relief for Innovative Businesses Andrew Wilson and Michelle Andrews Tax Relief for Innovative Businesses Andrew Wilson and Michelle Andrews Biography Andrew is a Chartered Accountant and Chartered Tax Adviser and leads Magma s Corporate Tax team. He has extensive experience

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

FINANCING THE FUTURE. New government help for exporters. Tahir Ahmed. emita presentation Loughborough 17 May 2011

FINANCING THE FUTURE. New government help for exporters. Tahir Ahmed. emita presentation Loughborough 17 May 2011 FINANCING THE FUTURE New government help for exporters Tahir Ahmed emita presentation Loughborough 17 May 2011 1 New government help for exporters Chancellor announced in Budget - more support for exporters

More information

The Banking System and the Money Supply. 2003 South-Western/Thomson Learning

The Banking System and the Money Supply. 2003 South-Western/Thomson Learning The Banking System and the Money Supply 2003 South-Western/Thomson Learning What Counts as Money MONEY Anything that is widely accepted as a means of payment What Counts as Money MONEY Anything that is

More information

Tax Reliefs for Research and Development Expenditure

Tax Reliefs for Research and Development Expenditure Tax Reliefs for Research and Development Expenditure Introduction Successive Governments have recognised that encouraging businesses to undertake Research and Development (R&D) activities in the UK is

More information

RELEVANT TO ACCA QUALIFICATION PAPER F9. Studying Paper F9? Performance objectives 15 and 16 are relevant to this exam

RELEVANT TO ACCA QUALIFICATION PAPER F9. Studying Paper F9? Performance objectives 15 and 16 are relevant to this exam RELEVANT TO ACCA QUALIFICATION PAPER F9 Studying Paper F9? Performance objectives 15 and 16 are relevant to this exam Business finance Section E of the Paper F9, Financial Management syllabus deals with

More information

B. Bibby Barometer Small Business Survey findings:

B. Bibby Barometer Small Business Survey findings: A. Research structure: Q & A for Bibby Barometer findings 1. Who did the research? The Bibby Barometer Small Business Survey was conducted by Galaxy Research - a well-known Australian research company.

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

State of Small Business Lending: US and UK

State of Small Business Lending: US and UK State of Small Business Lending: US and UK Karen Gordon Mills Senior Fellow, Harvard Business School & Harvard Kennedy School Former Administrator of the U.S. Small Business Administration and Member of

More information

N200 BILLION SMALL AND MEDIUM ENTERPRISES (SME) CREDIT GUARANTEE SCHEME (SMECGS)

N200 BILLION SMALL AND MEDIUM ENTERPRISES (SME) CREDIT GUARANTEE SCHEME (SMECGS) N200 BILLION SMALL AND MEDIUM ENTERPRISES (SME) CREDIT GUARANTEE SCHEME (SMECGS) CENTRAL BANK OF NIGERIA 1.0 Establishment of the Scheme GUIDELINES As part of its developmental role, the Central Bank of

More information

Tax Reliefs That Work: Research & Development Tax Credits and the Patent Box regime

Tax Reliefs That Work: Research & Development Tax Credits and the Patent Box regime Tax Reliefs That Work: Research & Development Tax Credits and the Patent Box regime Encouraging UK innovation Introduction The Research and Development (R&D) tax relief scheme and the Patent Box are key

More information

Funding Circle The FS Forum

Funding Circle The FS Forum Funding Circle The FS Forum 2015 1 Contents Funding Circle The Investor Journey Our Partnerships with Existing Lenders 2 Funding Circle Index Ventures DST Global Rabbit Capital Baillie Gifford BlackRock

More information

Close Brothers Close Brothers Finance plc (incorporated with limited liability in England and Wales with registered number 4322721)

Close Brothers Close Brothers Finance plc (incorporated with limited liability in England and Wales with registered number 4322721) SUPPLEMENTARY PROSPECTUS DATED 9 APRIL Close Brothers Close Brothers Finance plc (incorporated with limited liability in England and Wales with registered number 4322721) 1,000,000,000 Euro Medium Term

More information

Gary Trueman Regional Director. Birmingham, Coventry and Warwickshire

Gary Trueman Regional Director. Birmingham, Coventry and Warwickshire Gary Trueman Regional Director Birmingham, Coventry and Warwickshire 1 Funding Funding What sources are available? How can we support you to get acce What can you do to support yourselv What can an SME

More information

Contents Foreword 1 Introduction by Patrick Reeve Executive summary 1. Business confidence and growth ambitions 2. Availability of finance

Contents Foreword 1 Introduction by Patrick Reeve Executive summary 1. Business confidence and growth ambitions 2. Availability of finance 2014 Contents Foreword 1 Introduction by Patrick Reeve 3 Executive summary 4 1. Business confidence and growth ambitions 4 2. Availability of finance 6 3. Management skills 8 4. Apprenticeships 9 5. Optimists

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

A guide for Small and Medium Enterprises (SMEs) in or facing financial difficulties

A guide for Small and Medium Enterprises (SMEs) in or facing financial difficulties banking only better A guide for Small and Medium Enterprises (SMEs) in or facing financial difficulties An information booklet brought to you by permanent tsb Are you in arrears or is your business facing

More information

Creative England Business Loan Fund. Application Guidelines

Creative England Business Loan Fund. Application Guidelines Creative England Business Loan Fund Application Guidelines September 2015 1 Business Loan Fund background information Overview, aims and objectives Creative England operates with the core purpose of supporting

More information

Guidance on investment business regulation for Funding Advisers for Small and Medium Enterprises (SMEs)

Guidance on investment business regulation for Funding Advisers for Small and Medium Enterprises (SMEs) Guidance on investment business regulation for Funding Advisers for Small and Medium Enterprises (SMEs) The SME Funding Adviser Scheme highlights a number of specialisms that firms may be offering to their

More information

Introduction to Postgraduate Loans

Introduction to Postgraduate Loans Postgraduate Loan Introduction to Who can get a Postgraduate Loan? How will students repay their Postgraduate Loan? When will more information be available? SF_England /SFEFILM 2016/17 SFEngland January

More information

Application form. Application Checklist. Application process. Eligibility criteria. Energy Saving Scotland Small Business Loans

Application form. Application Checklist. Application process. Eligibility criteria. Energy Saving Scotland Small Business Loans Energy Saving Scotland Small Business Loans ESSSBL0512 Helping Scottish businesses reduce their energy costs Application form Eligibility criteria The scheme is aimed at Scottish businesses that fall within

More information

Chapter 8 Financing a Business 1: Sources of Funds

Chapter 8 Financing a Business 1: Sources of Funds Financing a Business 1: Sources of Funds Solutions to Even-Numbered Problems and Cases 8.2 Coté Biologique Limitée (CBL) Data: Annual credit sales $10,000,000 Average collection period 50 days Industry

More information

Support for Research, Development and Innovation

Support for Research, Development and Innovation Support for Research, Development and Innovation Introduction: «Financial instruments for SMEs and larger companies provided by the European Union and the European Investment Bank» Seminar on «Financial

More information

TAKING THE MYSTERY OUT OF FINANCE

TAKING THE MYSTERY OUT OF FINANCE TAKING THE MYSTERY OUT OF FINANCE Presented By: Eva Brown, Director of Access to Capital 312 853 3477 x 560 OBJECTIVES Determine how much money you need to start/expand your business. Determine your ability

More information

Financing Your Business. 27 th May 2015 John Irwin Head of AIB SME Strategy & Enablement

Financing Your Business. 27 th May 2015 John Irwin Head of AIB SME Strategy & Enablement Financing Your Business 27 th May 2015 John Irwin Head of AIB SME Strategy & Enablement TARGET RETURNS Funding Provider Returns VS. Risk Private Equity c.25% Venture Capital c.25% Property c.10% - 12%

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

United Kingdom. From: OECD Banking Statistics: Methodological Country Notes 2010

United Kingdom. From: OECD Banking Statistics: Methodological Country Notes 2010 From: OECD Banking Statistics: Methodological Country Notes 2010 Access the complete publication at: http://dx.doi.org/10.1787/9789264089907-en United Kingdom Please cite this chapter as: OECD (2011),

More information

Information Booklet for Small and Medium Enterprises in Financial Difficulty

Information Booklet for Small and Medium Enterprises in Financial Difficulty Information Booklet for Small and Medium Enterprises in Financial Difficulty This Information Booklet applies to Finance Ireland Credit Solutions Ltd t/a Finance Ireland Commercial Mortgages and Finance

More information

Financing your LL.B in 2015. UK undergraduate finance at private institutions. law.ac.uk/finance

Financing your LL.B in 2015. UK undergraduate finance at private institutions. law.ac.uk/finance Financing your LL.B in 2015 UK undergraduate finance at private institutions law.ac.uk/finance Financing your degree Our courses are cost-effective compared to many other university degrees, regardless

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

ABL Step 1 An Introduction. How SIPPA can change the Lending Environment and Access to Credit

ABL Step 1 An Introduction. How SIPPA can change the Lending Environment and Access to Credit ABL Step 1 An Introduction How SIPPA can change the Lending Environment and Access to Credit Traditional Bank vs ABL Bank Focused on Credit Status Over reliance on Real Estate Vulnerable to Economic Cycles

More information

Creative England Business Loan Fund. Application Guidelines

Creative England Business Loan Fund. Application Guidelines Creative England Business Loan Fund Application Guidelines August 2014 1 Business Loan Fund background information Overview, aims and objectives Creative England operates with the core purpose of supporting

More information

Code of Conduct for Business Lending to Small and Medium Enterprises

Code of Conduct for Business Lending to Small and Medium Enterprises Code of Conduct for Business Lending to Small and Medium Enterprises February 2009 Code of Conduct for Business Lending to Small and Medium Enterprises Scope This Code applies to all business lending by

More information

Peer-to-peer bad debt relief: proposed technical criteria. Technical Note 24 March 2015

Peer-to-peer bad debt relief: proposed technical criteria. Technical Note 24 March 2015 Peer-to-peer bad debt relief: proposed technical criteria Technical Note 24 March 2015 1 Contents Page Chapter 1 Introduction 3 Chapter 2 Summary of Proposed Relief 4 Chapter 3 Amount of Proposed Relief

More information

Lecture 18 SOURCES OF FINANCE AND GOVERNMENT POLICIES

Lecture 18 SOURCES OF FINANCE AND GOVERNMENT POLICIES Lecture 18 SOURCES OF FINANCE AND GOVERNMENT POLICIES Learning Objectives Sources of finance for small and medium-sized businesses. Types of financial assistance Finance is needed throughout a company

More information

Funding for Growth. Introduction & brief outline of the format for today

Funding for Growth. Introduction & brief outline of the format for today Funding for Growth Funding for Growth: Does your business need working capital to grow? Introduction & brief outline of the format for today Attendees to introduce themselves & advise what they hope to

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

M Simpson Associates

M Simpson Associates 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 1 2 3 4 INVOICE

More information

Support to business during a recession. Scheme outlines

Support to business during a recession. Scheme outlines Support to business during a recession Scheme outlines MARCH 2010 Contents Working Capital Scheme 1 Trade Credit Insurance Scheme 3 Enterprise Finance Guarantee Scheme 6 Capital for Enterprise Fund 9 Automotive

More information

Investing for Strathclyde...

Investing for Strathclyde... STRATHCLYDE PENSION FUND DIRECT INVESTMENT PORTFOLIO Investing for Strathclyde......investing in Strathclyde INDEX Page 01 Introduction 02 Overview 03 Strategy 04 Timeline 06 Portfolio INTRODUCTION With

More information

Equity Release Guide. www.seniorissues.co.uk

Equity Release Guide. www.seniorissues.co.uk Equity Release Guide www.seniorissues.co.uk For more information or to speak to one of our trained advisers please telephone our Senior Issues Team on 0845 855 4411 The Caesar & Howie Group 7/3/2008 EQUITY

More information

Invest NorthTyneside. A Guide to Business Support and Finance

Invest NorthTyneside. A Guide to Business Support and Finance Invest NorthTyneside A Guide to Business Support and Finance Invest NorthTyneside Supporting your business 10:16 Page 1 The Business Factory When it comes to offering an environment that supports businesses

More information

Improving access to finance for small and medium-sized enterprises

Improving access to finance for small and medium-sized enterprises Report by the Comptroller and Auditor General Department for Business, Innovation & Skills and HM Treasury Improving access to finance for small and medium-sized enterprises HC 734 SesSIon 2013-14 1 November

More information