The British Government has pledged £20 million of funding for an alternative lender in order to fund small businesses in the UK, it was announced today. Crowdsourcing lender Funding Circle will open up the £20 million fund to SMEs across the country, offering finance directly to businesses who are struggling to secure loans from banks. The initiative, known as the Business Finance Partnership, represents the first time a British Government has made such a large commitment to business lending, with… Read More >
Dec 10
Oxygen Accelerator start-up Owned it secures £100,000 funding
Finance Birmingham has invested £50,000 in Oxygen Accelerator start-up, Owned it, advised by law firm, Cobbetts LLP. Birmingham Science Park based-Owned it also secured £50,000 from private investors, bringing the total investment secured to £100,000. The deal is the latest in a series for Cobbetts, who also advised Finance Birmingham on its investment in fellow Oxygen Accelerator start-up, Hobzy and acted for Bertie & Bean in relation to its investment. The Oxygen Accelerator programme is a 13-week programme designed to… Read More >
Nov 11
Grants WM
Grants West Midlands helps to provide a centralised resource for local West Midlands based businesses to utilised to easily identify what business grants may be available as well as outline what requirements are.
Oct 4
Business Secretary visits Birmingham bakeware firm to launch fund
Business Secretary Vince Cable today launched a £60 million pot of Regional Growth Fund investment and bank finance at the Community Development Finance Association’s (CDFA) annual conference. The CDFA will receive £30 million from the Government’s Regional Growth Fund (RGF) which has been matched with a further £30 million by the Co-operative Bank and Unity Trust Bank to provide lending to small, micro and social enterprises. The funding is expected to create or safeguard over 8,000 jobs over six years… Read More >
