Finance for growth breakfast final

Finance for Growth Breakfast: Trafford

Brown Shipley Club SuiteFriday, 11th September8:00am – 10:15am

Welcome

Ian DixonAccess to Finance Team ManagerAccess to Finance by Business Growth Hub

Agenda8.00am Arrival and refreshments 8.30am Welcome from Ian Dixon, Access to Finance Team Leader, Business

Growth Hub8.35am Columb O’Shea, Access to Finance Specialist Advisor, Business Growth Hub8.45am Guest speaker – Graham Dixon, Group Director, Esprit Warehousing Ltd. 9.05am Andrew Nichols, Senior Loans Manager, Business Finance Solutions 9.15am Derek Swan, International Trade Advisor, UKTI NW9.25am Steve Cowles, International Trade Advisor Trade Finance, UKTI NW 9.35am Questions and Answers Panel 9.45am Closing remarks – Cllr Michael Young, Executive Member for Economic

Growth and Planning Trafford Council 9.50am Networking and refreshments10.15am Event closes

Columb O’SheaAccess to Finance Specialist AdvisorAccess to Finance by Business Growth Hub

Why was A2F established?

• Help address market failures• Create a skills base• Create a knowledge base

Connecting people, creating opportunities

What is the A2F Service?There are two elements:• Assistance to ensure businesses are

“investment ready”• Assistance to identify and approach

appropriate funders


How does A2F operate?

• Financial diagnostic and/or assessment of the business plan

• Confirm funding amount and purpose• Impartial referral support to relevant sources

of finance


Debt finance sources• High street banks• Asset Finance• Invoice / Cashflow financiers • Start up Loans scheme• Business Finance Solutions & NWF• Peer to peer platforms (Crowd Funding)Connecting people, creating opportunities

Equity finance sources

• North West Business Angels network • North West Fund - 3 Specialist 2 General

Funds• Angel Co-Investment Fund • Venture Capital Funds Connecting people, creating opportunities

Is A2F a broker?A2F do not receive (or pay) fees for referrals.

This allows us to be Impartial & IndependentAdvisors endeavour to work with business’

professionals being Complementary to the services already offered


How much does it cost?Businesses receive 12 hours “fully funded” consultancy support and advice.

Funding is supported through ERDF and RGF

What is the catch?European Regional Development Fund require evidence of• Full 12 hour “assists”• Offers of finance received• Jobs created (or safeguarded)• Gross value added (GVA) – Annual Accounts


How is A2F unique ?• Free to access – “fully funded”• Impartial & Independent• Credible Advisors experience & knowledge • Complementary• Links to other business support programmes


Access to FinanceColumb O’Shea

A2F Specialist [email protected]

07738 980892

www.businessgrowthhub.co.ukConnecting people, creating opportunities

mailto:[email protected]

Graham DixonGroup DirectorEsprit Warehousing Ltd

Esprit Site

Andrew NicholsSenior Loans ManagerBusiness Finance Solutions

BUSINESS FINANCE SOLUTIONS

UPDATE 2014

BUSINESS FINANCE SOLUTIONS

Trafford Finance for Growth

Who are we?

The finance arm of the Manchester Growth Company, BFS provides finance for North West businesses from £500 through to £500,000.

Finance is provided to businesses unable to access finance through mainstream lenders to support start up or growth businesses.

For business needing access to seed or equity finance this can be accessed through Co our Angel investment service.

Compliant and Accredited lender (FCA authorised, EFG and CITR accredited) Regional Delivery partner for Government Start Up loans Work with the British Business Bank to bring funding into Greater Manchester and

the North West. North West Fund Manager Supporting businesses trading internationally with the launch of the new GM

Export Loan Fund in conjunction with UKTI, September 2015.

What do we offer?

Start Up Loans£500 to £25k

Business Loans£3k to £100k

Equity Investment Management Service

GM Export Loan FundUp to £500k

European Investment Fund

The North West Fund for Micro Loans

£25k to £50k

What have we done so far?

New start ups in Manchester

1718

Previously unemployed

Jobs created and protected

Lent in Manchester

Loans advanced in Manchester

Gross Value Added GM (March 14-15)

37%£28.3m

3370

2619

£17.6m37% 63%Loans advanced by gender

Businesses backed per month

50

13

£56m

Years in operation

Start Up Loans distributed nationally

What does this mean for businesses?

• Businesses have access to a wider range of business finance • Banks are not the only option• A wide range of business finance to provide options for most businesses• The Start Up Loans Scheme offering low interest gives start up businesses a better

chance of success with low monthly repayments• Support to trade overseas securely with working capital or backing issue of

technical facilities. • The support that comes with the finance we offer is key to all businesses

Who’s already borrowing from us?

Seven Bro7hers BreweryA microbrewery based in Salford, borrowed a combined loan of £45,000 through the Start Up Loans Programme. This allowed them to secure premises and equipment and now have 5 brews.

Salut WinesA wine bar based in Manchester City Centre, borrowed £100,000 from our Business Loan scheme. This allowed the owners to secure premises and develop this into their dream bar.

Who’s already borrowing from us?

The Butcher’s QuarterA Butcher’s based in the Northern Quarter, borrowed £50,000 from our Business Loan scheme. This allowed the owners to secure premises, fit it out as necessary and stock the required foods.

Greener Surfacing LtdA road recycling business based in Rawtenstall, borrowed £49,500 from our Micro Loans programme. This allowed the owner to grow the business across the North West and increase the outputs of the business.

So how do you access our business loans?

To find out more about our finance get in touch!

[email protected] 245 4977

Derek SwanInternational Trade AdvisorUKTI NW

Trafford Finance For Growth

Derek Swan – International Trade Adviser11th September 2015

UK Trade & Investment - overview29

• 2,400 total staff• 1,300 overseas in 111 countries• British Embassies, High Commissions &

Consulates• 9 regional teams across England

UK Trade & Investment – overview of services30

UK Trade & Investment – overview of services31

Passport To Export32

• 12 month support package for new or novice exporters

• 2-day export workshop• £1,000 matched funding• £250 + VAT registration fee

Overseas Market Introduction Service (OMIS)33

• Fully bespoke support service direct from overseas posts

• Tailored to meet company’s requirements

• Market research / making contacts / setting up meetings / product launches…

• Subsidised fee – from £500 to £10,000+

Tradeshow Access Programme (TAP)34

• Major trade fairs outside UK• Prime location at the exhibition• Practical & logistical support• Grants available!

www.gov.uk/[email protected]

+44 (0) 333 320 0392

http://www.gov.uk/UKTI

mailto:[email protected]

Steve CowlesInternational Trade Advisor Trade FinanceUK Export Finance

gov.uk/uk-export-finance

37

Finance for Growth UKEF

11/09/2015

Steve Cowles Export Finance Adviser - North West


38

Who we are and what we do

The UK’s Export Credit Agency (ECGD)

We provide trade finance and insurance solutions to support UK exporters

We complement the private sector, we don’t compete

Aimed at Small and Mid-Sized Businesses, all sizes of contract

Support extended to all sectors, including services

Minimum 20% UK content within contract


39

Who we are and what we do

Export Finance Adviser support including signposting and impartial advice

Export Insurance Policy

Bond Support Scheme

Export Working Capital Scheme

Overseas Lending


40

Case Studies


41

Confirmed irrevocable Letter of Credit

Bill of Exchange

Use Trade Finance instrumentsFor International trade


42

Thank you for listening.

Steve Cowles – North West email: [email protected]: 07966 308 452

For further informationvisit: gov.uk/uk-export-financeemail: [email protected]: +44 (0)20 7271 8010

Questions & Answers

Cllr Michael YoungExecutive Member for Economic Growth and Planning Trafford Council

Closing Remarks

Ian DixonAccess to Finance Team ManagerAccess to Finance by Business Growth Hub

Upcoming Events

14th September: 11:30 - 14:00 – Business Growth Hub Breakfast Series: Wigan Helping Your Business Grow

DW Stadium, Wigan

22th September: 08:30 – 17:00 – Venturefest Manchester 2015 The Point, Lancashire County Cricket Club, Trafford

25th September: 11:30 – 14:00 – Bolton Business Growth Hub Lunch Octagon Theatre, Bolton

Contact us to find out more:Phone: 0161 359 3050

Email: [email protected]

www.businessgrowthhub.com

@bizgrowthhub

Business Growth Hub

+Businessgrowthhub

Finance for growth breakfast final

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Transcript of Finance for growth breakfast final