Types of Finance Grants Debt Equity

Local Authorities Small amounts Tend to be localised Local Economic Regeneration departments Research & Development National scheme, SMART, administered by TSB 3 categories: Proof of Market (max £25k, 60% of costs) Proof of Concept (max £100k, 60% of costs) Development of prototype (max £250k, 35-45% of costs) Bi-Monthly competition

Other Schemes Regional Growth Fund – round 3 being completed, use of consortia bids, working with LEP’s Bank finance – Regional Growth Fund – RBS Group, HSBC NLGS – 1% interest rate rebate MAS UKTI Growth Accelerator

Local Funds BCRS & similar BCELF UK Steel Enterprise AMSCI P2P The Funding Circle Thincats Wonga

Types of Equity Finance Venture Capitalists VCT’s National Fund managers Business Growth Fund Local Funds Local Managers – e.g. Midven, Mercia UK Steel Enterprise Finance Birmingham Business Angels Networks, e.g. Minerva, Beer & Partners High net worth Individuals

Several types of alternative funding available No one answer suits everyone Likely to be a blended solution Seek advice on presentation / forecasts

Tony Seaton Blue Sky Corporate Finance