The annual technological “hands across the water” initiative, known as Silicon Valley Comes to the UK (SVC2UK), was particularly inspiring this year, at a time when the Government is looking to tech entrepreneurs to stimulate economic growth, according to Charles Armstrong, a government advisor on entrepreneurship, innovation and technology policy.
Raising finance is very difficult and as many are starting the process with a view to driving their businesses forward in this new year, but with banks still unwilling to lend to many we spoke to Guy Rigby, entrepreneur, mentor and now Head of Entrepreneurial Services at Smith & Williamson, the accountancy and investment management group who is an expert on the topic of raising equity finance.
The world of business finance has changed. Gone are the days when a business plan and a large helping of enthusiasm was enough to persuade a high street bank to part with its cash, but there is hope for fledgling businesses and promising start-ups – and it comes in the shape of a business angel.
Following its purchase in November of offers business Keynoir, Time Out Group, the world’s leading source of information and ticketing for arts and entertainment has acquired the Kelkoo Select daily offers business.
In May the Business Growth Fund established to help Britain’s fast growing smaller and medium sized businesses, opened for business. Now six months on and against a background of slow economic growth, it urges UK businesses to act on their growth ambitions and consider how best they can be financed for the future?
Oxford Investment Opportunity Network (OION), Europe’s leading technology business angel network, is to participate in the Business Angel Co-investment Fund announced in the Autumn Statement that will provide £50 million to invest in high growth companies alongside business angels.
Braveheart, the AIM-listed specialist in growth capital investments for business angels, high net worth individuals and family offices, announces that Envestors Limited, its wholly owned subsidiary, has closed a £450,000 equity fundraising for the eReceipts.
Time Out Group, the world’s leading source of information and ticketing for arts and entertainment has taken a further step in its rapid progression towards consolidation as a digital media group and towards its goal to reach a worldwide audience of 50 million per month with the acquisition of the Keynoir daily offers business.
Making an Investment within the music industry can reap great returns, but music industry corporate deals have a number of pitfalls which need to be negotiated if the venture is to be successful.
Screens at Work Limited have been successful in gaining a £200,000 loan from the Regional Growth Loan Scheme (RGLS), managed by Finance East and financed by the East of England Development Agency (EEDA).
Business partners Stefan Weniger and John Sweeney have been named as the first entrepreneurs to receive funding from Anglia Ruskin University’s Enterprise Fellowship Scheme.