Types of Finance Grants Debt Equity Local Authorities Small amounts Tend to be localised Local...
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Grants and Non-Bank Finance The Blended Solution Tony Seaton Blue Sky Corporate Finance
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Transcript of Types of Finance Grants Debt Equity Local Authorities Small amounts Tend to be localised Local...
Grants and Non-Bank Finance
The Blended Solution
Tony Seaton Blue Sky Corporate Finance
Local AuthoritiesSmall amounts
Tend to be localised
Local Economic Regeneration departments
Research & DevelopmentNational scheme, SMART, administered by TSB
3 categories: Proof of Market (max £25k, 60% of costs)
Proof of Concept (max £100k, 60% of costs)
Development of prototype (max £250k, 35-45% of costs)
Bi-Monthly competition
Grants
Other Schemes
Regional Growth Fund – round 3 being completed, use of consortia bids, working with LEP’s
Bank finance – Regional Growth Fund – RBS Group, HSBC
NLGS – 1% interest rate rebate
MAS
UKTI
Growth Accelerator
Grants
Local FundsBCRS & similar
BCELF
UK Steel Enterprise
AMSCI
P2PThe Funding Circle
Thincats
Wonga
Non-Bank Finance
Equity
Types of Equity Finance
Venture CapitalistsVCT’s
National Fund managers
Business Growth Fund
Local FundsLocal Managers – e.g. Midven, Mercia
UK Steel Enterprise
Finance Birmingham
Business AngelsNetworks, e.g. Minerva, Beer & Partners
High net worth Individuals
Several types of alternative funding available
No one answer suits everyone
Likely to be a blended solution
Seek advice on presentation / forecasts
Summary
