SEMLEP’s Growth Hub, Velocity, has announced two, new programmes this Autumn for small businesses that need money to deliver their growth plans.
Based on work with The Scale Up Institute and the British Business Bank over the last twelve months to understand the factors that drive and deter growth, the new finance programmes, one for start-ups and one for established businesses, aim to get business leaders to ‘think like an investor’ to increase their chances of success.
James Stancombe, Velocity Growth Hub’s Finance Adviser, has worked with British Business Bank and professional advisers locally since the launch of the Midlands Engine Investment Fund in August 2017 to increase business awareness of growth funding opportunities.
James Stancombe writes in this month’s edition:
“Those that had tried and failed to raise funding were often unaware of the ins and outs of the process, the timescales and time-commitments required, and the implications for their business. Many were unaware of the funders' expectations or how to send them the right signals.
Speaking directly to investors, they report that propositions received from entrepreneurs often contained great ideas, but weren't convincing in their ability to deliver or backed by proven management teams with the capability to scale rapidly.”
To address the gaps in knowledge and preparation, and expectations, the new business finance series from Velocity Growth Hub, titled ‘Set your sights on equity finance’ dissects the process and equips business owners with the knowledge and resources to produce and present a compelling case for funding.
The two programmes each consist of four workshops of three hours duration delivered over the course of a month by subject experts, with funders and entrepreneurs who have raised finance on hand to help you to develop your proposition.
There will be a strong emphasis on understanding the funder's perspective, how they assess opportunities, the terms that result from the risks identified and the implications for the business. By thinking like an investor, business owners are more likely to send the right signals and get the right results.
The first of the four-week workshop programme is for high growth start businesses and kicks off on Tuesday, 16 October at the NatWest Accelerator Hub in Milton Keynes. The second programme – for businesses that have been trading for longer than two years - starts on Tuesday, 6 November at Grant Thornton in Milton Keynes.
For more information or to book a place, visit: http://www.VelocityGrowthHub.com/finance