Post on 17-Jul-2015
Finance for Growth Breakfast: Bury
Elizabethan Suite, Bury Town Hall
Tuesday 3rd February 2015
08:30 – 10:00
• 08:30 Welcome – Councillor Mike Connolly, Leader, Bury Council
• 08:40 Access to Finance offering – Alan Bambroffe, Access to
Finance Specialist, Access to Finance
• 08:55 Co-Investment Fund – Hilary Centeleghe, Senior Growth
Manager, Business Growth Hub
• 09:10 Guest Speaker – Anita Kirkman, Finance Director,
The Bury Black Pudding Company
• 09:25 Panel Q&A
• 09:40 Closing remarks – Mike Kelly, Chief Executive, Bury Council
Networking
• 10:00 Event close
Welcome
Councillor Mike Connolly
Leader
Bury Council
Access to Finance Northwest
Alan J Bambroffe
A2F Specialist
Why is there an Access To Finance Service?
• Market Failures• Knowledge Gap• Variety Funding sources• Entry Criteria• Application Processes• Resource Gap (Internal & External)
www.a2fnw.co.uk
• Low Investment Readiness• Failure to attract investment
2008 - 2011
Business Link
2011 – Present
Manchester Solutions Group
Access To Finance – What We Do‘Matching Businesses with Finance’
www.a2fnw.co.uk
• Ensure viable Northwest based SME’s are investment ready
• Support the process of obtaining appropriate funding
UNIQUE SELLING POINTS:
• Impartial• Independent• Credible/Experienced/Knowledgeable Team• Complimentary• Free to access
Access To Finance – Types Of Funding
DEBT EQUITY SPECIALIST
• Bank Loans• Bank Overdrafts• Enterprise Finance Guarantee• Commercial Mortgages• Public sector loan funds• Private sector loan funds
• Business Angel Finance• Venture Capital• Private Equity
• Grants • Asset Finance• Trade Finance• Invoice Finance• Bridging Finance• Social Enterprise Funds• Peer Lending (Crowd Funding)
www.a2fnw.co.uk
Access To Finance – Client Benefits
Single point of contact for:
• Fundraising support and guidance
• Discussing the wide variety of funding types
• Accessing the wide variety of funders
• Independent and Impartial advice
www.a2fnw.co.uk
Viable Business (with
the correct information)
The right funder(s)
Business Success
Access To Finance – How We Do It
www.a2fnw.co.uk
Review financial performance
Discuss business plan & forecasts
Research finance products
& providers
Instigate introductions
Support investment
process
Access To Finance – What We Don’t Do!
Write business plans & forecasts
Compete with private sector deliverers of financial support
Deliver grant funding
Charge fees and / or receive introductory commissions
Work outside of ERDF Restrictions
www.a2fnw.co.uk
Access To Finance Team
www.a2fnw.co.uk
Phil Hargreaves
Manager
Ian Dixon
Team Leader
GREATER MANCHESTER
(8 Specialists)
CHESHIRE
(1 Specialist)
LANCASHIRE
(4 Specialists)
CUMBRIA
(1 Specialist)
Nathan Leah
Team Support Co-Ordinator
Emily Harrison
Compliance Specialist
Hilary Centeleghe
Senior Growth Manager
Co-Investment Fund
The Co-Investment fund is a match funded programme, offering financial
support to a wide range of eligible projects
• Maximum project size is £6000 (minimum £2000)
• The maximum level of support available is 50%
• Therefore Project funding will range from a minimum of £1000 up to a maximum
of £3000
Co-Investment Fund
The Co-Investment fund is a match funded programme, offering financial
support to a wide range of eligible projects
• The main aims of the projects are to stimulate growth, introduce new products
and services
• And the outputs of each project must be to create and safeguard jobs,
• Ultimately aim is to drive economic growth for the region
Co-Investment Funding Project Scope
Digital:• VOIP
• Video Conferencing
• CRM
• Digital Project Management
• Training
• Quality and Standards
• Product Development
• Product Optimisation
• E-Commerce
Growth:• Business Development and
Strategy
• Operational planning
• Sales and Marketing
• HR reviews and change
management
• ISO Consultancy
• Innovation
Co-Investment Funding Project Eligibility
• Location - Greater Manchester
• Sector - ERDF eligibility
- Restricted Sectors – retail, steel, education etc.
• SME - less than 250 Employees,
- less than €50m T/O or €43m Balance Sheet
• State Aid - Max €200,000 over a rolling 3 years
Co-Investment Fund Process
• Define the project Specification (full support on paperwork by
advisor)
• Request to quote (3 quotes)
• Responses (Quick turn-around)
• Selection by the business
• Value for Money / Fit for Purpose (not necessarily price)
• Project Completion
• Audit trail to demonstrate compliance
• Invoice to be succinct and describe the activity as per the spec.
Co-Investment Fund - Contact us to find out more:
Phone: 0161 359 3050
Email: info@businessgrowthhub.com
www.businessgrowthhub.com
@bizgrowthhub
Business Growth Hub
+Businessgrowthhub
• Tracy Eyres – Business Growth Advisor Bury
• Free business diagnostic service for companies
• Help develop a realistic and sustainable business plan
• Improvement/growth action plan
• Free of charge to SME’s
• Service not available to those who have been successful in Co-
investment fund application
• Support is available in tandem with Innovation Voucher
Email: tracy.eyres@businessgrowthhub.com
Tel: 07764 983 761
Anita Kirkman
Finance Director
The Bury Black Pudding Company
Panel Q&A
Closing remarks
Mike Kelly
Chief Executive
Bury Council
Bury Gets Digital
Longfield Suite, Prestwich
Thursday 26th February 2015
17:00 – 20:15
Contact us to find out more:
Phone: 0161 359 3050
Email: info@businessgrowthhub.com
www.businessgrowthhub.com
@bizgrowthhub
Business Growth Hub
+Businessgrowthhub