GBSLEP to host access to finance event for growing businesses

Posted by lepadmin - February 25, 2013 - Business, Newsroom - No Comments
Paul Heaven, GBSLEP Board Director.

Paul Heaven, GBSLEP Board Director.

Businesses across the LEP area are being invited to an event that will showcase opportunities to access finance worth between £10,000 and £1 million.

The Greater Birmingham & Solihull Local Enterprise Partnership (GBSLEP) is hosting the event at Villa Park bringing together dozens of loans, grants and investment funds.

Organised in partnership with business networking group Finditinbirmingham, the breakfast event takes place on Thursday March 7 between 6.45am and 9.30am.

Among the speakers and exhibitors will be Finance Birmingham and the Aston Reinvestment Trust and there will also be the opportunity to book one-to-one consultations with experts.

GBSLEP schemes on offer include the Growing Places Fund for development projects, the Advanced Manufacturing Supply Chain Initiative (AMSCI) and the Business Development Programme (BDP) which offers grants of between £10,000 and £15,000 to growing businesses in the LEP.

Paul Heaven, GBSLEP Board Director with responsibility for access to finance, said: “This event will be an excellent opportunity for businesses to come and see a range of different access to finance initiatives.

“Many businesses in the LEP area are in need of an injection of capital in order to finance growth and we will be explaining the variety of sources available including business angel investors, non-bank lending, alternative finance, grants, loans and mainstream options.

“There is a quite a range of support on offer, from smaller grants worth between £10,000 and £15,000 from the BDP to up to £1 million from the Finance Birmingham Birmingham City Council loan fund.”

Many of the initiatives and funds involved at the event are featured on the GBSLEP’s Central Business Portal, which was launched last year to provide a one-stop shop for LEP companies who are looking for support.

Paul continued: “While the LEP has finance available, there are a host of other providers and organisations who are providing similar schemes. The Portal is an excellent way to find out what is available.

“At a time when companies might well be looking to press on with their growth plans, there has never been a better time to come to the event or visit the Portal to see what support is out there.”

To register for the breakfast event, click here.