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Latest news from Access to Finance Lancashire

Early-stage fundraising and the reality of ‘no’

Early-stage fundraising and the right investors can propel your businesses growth and secure its future success. The reality of rejection in the fundraising process, however, is common - but not the end. Access to Finance team leader, Ian Dixon, shares his insight on how to use every opportunity to learn, develop and be better placed for your next pitch.   Have I got the right ...

The importance of market size in fundraising

Market size can be a defining factor for many investors and can potentially be the difference between your business receiving an investment or leaving empty handed. Access to finance team leader, Ian Dixon, shares his thoughts on why knowing and understanding your market size is so important.   Why Market Size Matters An in-depth knowledge of your business and its markets is ...

Start-up Fundraising and NDAs – What you need to know

One of the most frequent questions asked by founders is ‘will you sign my NDA?’. This is an area of fundraising where the theory and reality are significantly different. Access to Finance specialist Ian Dixon considers the options for entrepreneurs and provides his insight on best practise.   What is an NDA and what does it mean? An NDA is an acronym for Non-Disclosure Agree ...

Finance in the spotlight - Restructuring your finances

Many businesses have felt the impact of COVID-19 and been forced to resort to the financial support packages provided by the Government. As the country begins to open up and transition into, a post-pandemic economy, businesses must prepare for life where Government support is more limited. Philip Hargreaves, GC Business Growth Hub’s Head of Access to Finance, explores the ways ...

Recovery Loan Scheme opens to support businesses as they recover from the pandemic

The Recovery Loan Scheme, a new scheme to support access to finance for UK businesses as they recover and grow following the pandemic, opens to applications from today. The scheme, announced at the Budget on 3 March 2021, is scheduled to run until 31 December 2021, subject to review. The new scheme will support borrowing of up to £10m for individual businesses and up to £30m a ...

Your business guide to Budget 2021 - What were the key measures announced?

On 3 March the Chancellor set out the 2021 Budget outlining a series of measures to support businesses impacted by the COVID-19 pandemic. We've summarised the key points you need to know.   Business funding and support measures Restart Grant scheme With the previous grant schemes ending on 31 March, the government will launch Restart Grants to help businesses reopen followi ...

Access to finance hits record levels as small businesses continue to seek financial support

Research from British Business Bank shows a record number (45 percent) of smaller businesses accessed external financial support in 2020, with demand expected to continue in 2021. The Small Business Finance Markets 2020/21 annual report, released on 10 March, highlighted the ongoing challenge for businesses impacted by the COVID-19 pandemic and the resulting restrictions. The ...

Access to Finance Lancashire Blog: Equity funding to fuel growth

The Problem Due to the COVID-19 pandemic many businesses have sought financial support to survive and, in some cases, take the opportunity to pivot and rebuild their business in order to be viable during these difficult trading conditions. However, most of the funding solutions delivered by HM Treasury have involved businesses taking on new or additional debt. The Coronavirus ...

New COVID-19 Financial Support Measures

New financial measures have been unveiled by the chancellor, Rishi Sunak, which will have an impact on Lancashire businesses.   Let’s have a look at the highlights.   Coronavirus Loan Schemes: ·         Application dates for CLBILS, CBILS and BBLS have now been extended to 30 November 2020   “Pay as you Grow” ·         Businesses who have taken out Bounce Back Loans wil ...

Access to Finance: September funding and finance briefing

The Future? Who knows! There is still a lot of uncertainty for businesses trying to plan for the future, with perhaps even more challenges ahead. It is no different for the provision of business funding either. Access to finance specialist, Caroline Turley, briefly highlights what she considers business priorities should be over the next few months to make sure you have the fu ...