October 2013

Inspiring Enterprise

As part of a collaboration with the Royal Bank of Scotland Group, the Royal Society of Arts, Engagement and Manufacturing held an ‘Inspiring Enterprise’ day aimed at addressing the problems faced by young startups. One of the key issues that arose from the day concerned scaling up the startup once the business had been started.

RBS are committed to unlocking, supporting and nurturing entrepreneurial talent through our work in Enterprise Leadership and by providing Enterprise Resources. They also provide both grant and loan funding. Download the manifesto here.

To find out more about the types of finance businesses may be eligible for your business visit: www.businessfunding.co.uk

Confidence in the UK economy soars

A recent CBI/ KPMG London Business survey showed that employers were more positive about the outlook of the economy compared to three months ago. With many businesses planning to expand and grow over Q3 and Q4 2013, employers felt concerned about the lack of expansion of infrastructure to facilitate this.

The top three concerns from businesses are the lack of economic growth, uncertainty about global economic prospects and a lack of a clear government strategy to deliver growth. Meanwhile, the Confederation of British Industry, is calling on the government to increase investment into infrastructure because its members doubt the effect current policies will have on the current economy. However, with industry set to rise and invest into the economy, investment into SMEs should become more common.

More information about the CBI’s report and an infographic can be seen below.

Angels Den enters the UK

Angels Den, an international crowdfunding platform has launched in the UK to match entrepreneurs and investors. Angels Den has an established events programme called ‘Speedfunding’ and ‘Angel Club Pitching’. With the rise in alternative funding from Crowdcube and Seedrs, Angels Den has entered the UK market with the worlds first integrated crowdfunding platform. Speedfunding allows funders to connect with entrepreneurs whilst the Angel Club Pitching event allows entrepreneurs to meet established business angels.

Find out more about Angel Investment here.

Second stage funding for startups: High-street banks are opening more doors for entrepreneurs

Prime Minister David Cameron recently announced £69 million of funding for businesses in Britain, including the ‘Start Up Loans’ scheme. Second-phase funding has now been offered to Start Up Loan entrepreneurs, as part of their continued contribution to growth in the UK economy.

The Start Up Loans scheme, chaired by James Caan and championed by Sir Richard Branson and Lord Young has so far lent £44 million to over 7600 people.

Banks such as Santander are now making secondary loans of up to £25K available to entrepreneurs to help ‘bridge the funding gap that many entrepreneurs encounter’ according to Steve Pateman, head of UK banking at Santander.

To find out more about types of funding available to UK businesses, visit http://www.businessfunding.co.uk/