EIB Funding Initiative Not Revolutionary says Bibby

Small businesses across the UK were given a boost recently, as the European Investment Bank’s (EIB) announced it would provide over £700 million of funding to nearly 3,000 small firms through participating national banks. However, it is questionable how many UK businesses will actually gain access to this funding and how it will affect the economy in the long run. Edward Rimmer, chief executive, Bibby Financial Services said: “Despite Government attempts to increase funding available to small and medium sized businesses through EIB funding, the initiative still poses several limitations to small firms hoping to access the finance they need to take their businesses forward.” In his 2008 Pre-Budget Report, Chancellor of the Exchequer Alistair Darling announced that UK... »

Tips on Funding for a Small Business

Chris Barling, CEO of ecommerce & EPOS supplier, Actinic. First some background. In 1996 I set up ecommerce provider Actinic with a business partner. We went through a few years of self-funding and borrowing from family and friends before raising £165,000 from an angel investor. Next came winning £1.5m from venture capitalists and finally going public on the London Stock Exchange, raising £25m. Since then we’ve received two major government grants and I’ve become an investor in other companies myself. The Basics Before anything else can be considered, it’s taken as read that in order to raise funds you need to have a workable business (or the ability to persuade people that it’s workable). This must be backed up with a well written plan covering finance and marketing but it must not be... »

Tech Start-Ups Offered £70k Support to get off the Ground

Tech Start-Ups Offered 70k Support to get off the Ground

Early-stage clean-technology firms in need of investment are being called on to apply to the Carbon Trust’s Incubator scheme, where they can get the initial support they need to help attract funding. The idea behind the Incubator scheme, which started in 2004, is to give innovative start-ups a good basis for attracting private sector investment. Businesses that go through The Carbon Trust’s incubator programme typically attract £16 of private investor funding for every £1 spent on their support by the Trust. Successful applicants to the scheme will receive up to £70,000 of tailored support from one or more of the Carbon Trust’s six incubator partners, which offer services such as business development, market research and guidance on intellectual property... »

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