2. Julie Kelly Community Development Manager RBS 0161 795 8382
[email protected] 3. Phil Mundy Salford Money Line 0161 736
6500 www.moneylinegm.co.uk 4. Access To Finance Jonathan
NelsonAccess to Finance Specialist Business Link Northwest 5. Loan?
Overdraft? Asset Finance? Invoice Discounting? Venture Capital?
Business Angel? Grant? Bridging finance? Enterprise Finance
Guarantee? Public Sector Finance? 6.
- discuss business and finance plans
- review financial performance
- research appropriate finance products
- research appropriate finance service providers
- instigate introductions to lenders, investors and service
providers
Business Link Access to Finance Specialist Team 7. 60%working
capital 10% investment in plant, machinery or equipment 11% new
product launch 5% restructure finances 4% research &
development3% business acquisitionproperty repairs/alterations,
purchase premises, new markets... Types of finance needed 8.
- More businesses are becoming receptive to equity
- Businesses are unclear about the availability of finance
- both from Banks and the public sector
- Lenders can be unaware about the availability of
- Lenders now require more information to assess an
9.
- NWDA Small Business Loans 3,000 to 50,000 plus Women in
Business
- NWDA Transitional Loan 50,000 to 250,000
- The Social Enterprise Loan Fund -up to 250,000
- NW Business Angels 10,000 to 500,000
- Grant for Improving Resource Efficiency, 50% capital investment
cost, max
- Innovation Vouchers 3,000, (next round3 August 2009 - 28 August
2009)
- Grant for Business Investment, 10% to 45% of project cost
(minimum grant
- Research & Development Grants 35% to 65% of project cost
(minimum
- grant 5,000 to maximum 500,000)
- Aspire Fund equity investments 100,000 to 1,000,000 on a
co-
- Capital for Enterprise Fund 200,000 to 2m mezzanine/equity
finance
Some Sources of Public Sector Finance 10. Access to Finance
www.businesslink.gov.uk /northwest- How we help - Access to Finance
11. www.nwda.co.uk /finance 12. Contact us
- www.businesslink.gov.uk/northwest
13.