VFB 2013 - Seed and startup funding - Business West and Virgin Startup

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Presentation by Tara Gillam, Business West

Transcript of VFB 2013 - Seed and startup funding - Business West and Virgin Startup

  • 1. Start-up and Seed Funding Tara Gillam @taragillam Darren Westlake @crowdcube Tom Jarman @tomajar #Venturefest

2. Tara Gillam Business WestFunding and Support for Startups and how to access it 3. Content Business West Who we are What we do Ready for Business Programme Startup Loans SWIG Start-Ups Virgin Startup Non Start-up Business Finance/Funding Contact Details 4. Who we are One of the most influential business leadership organisations in the UK Work with & represent over 16,000 businesses in Bristol, Bath, Gloucestershire, Swindon and Wiltshire as well as across the wider South West Over 200 Employees and an annual Turnover of about 18M 5. What we do 6. Ready for Business National Business Start-up Programme Funded through the BISs Regional Growth Fund Assists start-ups in Business Planning and Accessing Finance Funded available to March 2015 In the last 18 months the south west has: Engaged with over 1,200 potential business owners Over 1,000 people have attended our 1 Day workshop 900 business diagnostics have been delivered Provided 1 to 1 support to over 450 new businesses Helped 180 businesses to start trading Created 40 additional jobs 7. The Programme Overview 8. Startup Loans Government Supported Programme Founded by Lord Young Chaired by James Caan Fund pot of 117.7M available March 2015 To date - 47.7M Investment granted to over 9,600 Businesses Age cap of 30 was lifted in October and now available to businesses in Wales and Northern Ireland 6% APR and up to 10K (up to 20K for exceptional ideas) Pre and New Starts (up to 12 months trading) 9. SWIG Start-Ups South West Delivery Partner for the Start-up Loans Scheme Business West is their business support delivery partner Over 2M available (over 300+ loans) by March 2014 Pre-Start Up and New Businesses (up to 12 months trading) 10K loans available on application (business plan required) As of 1st October 2013 a PILOT PARTNER for the Over 30s delivery of this loan fund! Access to other fund pots through their parent group South West Investment Group (SWIG). 10. Virgin Startup Launched 24th October 2013 National Delivery Partner to Startup Loans Company Business West are their business support delivery partner for the south west Over 2M available (over 300+ loans) by March 2014 Pre-Start Up and New Businesses (up to 12 months trading) Loans up to 25K available (business plan required) Virgin Companies including: Virgin Media, Virgin Trains and Virgin Atlantic will be offering support to clients going through this programme 11. Non start-up Business Finance/Funding Traditional Banks We have links with the top banks and an understanding of their lending requirements South West Investment Group Services (SWIG) South West Loans Fund Microcredit Fund South West Angel Investment Network (SWAIN) Equity Finance Crowd Funding 12. Contact For more information contact Business Wests Business Startup Support TeamT. E. W.01275 376 233 readyforbusiness@businesswest.co.uk www.businesswest.co.uk/startup