05_-_Small_Business_without_Debt

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Unformatted text preview: ement of the companies in which they invest. Check with us to find out the most upto-date rules for qualifying companies and investors. The HMRC administers the scheme and further details can be obtained from us or through local tax offices. Enterprise Capital Fund On 18 July 2005, the Department of Trade and Industry launched the multi-million pound Enterprise Capital Fund (ECF) scheme under which the Government will match Venture Capital funding pound for pound to help small and medium sized businesses bridge the equity gap that hinders many small businesses from expanding. Up to £200 million will be made available via ECFs, which are designed to be commercial funds, investing a combination of private and public money in small high-growth businesses that are seeking up to £2 million of equity finance. For more information visit www.sbs.gov.uk/sbsgov and click on “Finance”. Sources of Finance This section outlines the chief sources of advice available to small businesses in the UK. Most regions will be covered by most of the organisations discussed below, and many more. As a first port of call one of the organisations listed will be able to point you toward a suitable adviser. Remember that the standards of advice and fee rates vary. You should ask your business adviser what their experience is in the area that concerns you and, perhaps, consider obtaining a second opinion. None of the organisations listed normally charge for a first interview, but make sure that you find out if, and how much, you will be charged before you obtain advice. Note that fees are always negotiable. Business Link Business Link, the national network of local partnerships between the business community and government provides the simplest route to top quality information and advice for small businesses through a single point of access. Business Links have been established by local partners to: put into place a world beating system of business support with a clear goal help UK businesses to compete successfully and win in world markets All Business Links provide a high quality information service including advice on sources of business finance and details of the range of government grants available to SMEs. Investment from Venture Capital Trusts may be another financing option. 10 Sources of Venture Capital under £250,000 Business Links also offer a Personal Business Adviser (PBA) service. PBAs provide independent advice and help so that you get exactly the support you need to move your business forward. To find out details of your nearest Business Link, call the Business Link helpline number 0345 567765. Outside of England, contact: What Should You Do First? Before you approach a potential financier you should have: decided what type of finance is suitable; decided how much you want to raise - remembering that it is better to raise too much than too little finance and that even the best laid plans go astray; Wales – (Business Eye) Tel: 08457 96 97 98 www.businesseye.org.uk consulted with one of the business advisers listed in the previous section; Scotla...
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This note was uploaded on 02/27/2013 for the course GBMT 300 taught by Professor Javierwujie during the Summer '12 term at University of Wisconsin.

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