MEBC Access to Finance Event

 In Regional News

The Midlands Environmental Business Company is hosting a SME access to finance event in Birmingham, West Midlands. The event will help business owners decide what small business finance is available to SMEs in the region. National and regional studies consistently highlight that access to finance is one of the biggest barriers to growth for small businesses. SMEs find it difficult to access finance between £0-£150,000, even though companies of this size make up over 60% of private sector employment and the UKs future prosperity hinges on SME innovation.

The event hopes to provide an overview to SMEs about the types of finance that is available. The most effective way to meet SME finance needs is through applying holistic solutions. These may include small business loans, small business credit, small business invoice financing or small business supply chain financing. In recent years there have been a range of innovative solutions that have entered the marketplace including; peer to peer lending business loans and peer to peer for business start ups, delivered on peer to peer lending sites. Funding Circle will be at the event to discuss business peer to peer finance, but other platforms for peer to peer business loans include Lending Club. Natwest and RBS will be also presenting at the event to discuss traditional finance, invoice finance and asset finance. Where businesses cannot access finance from banks or peer to peer lending platforms, there are regional Community Development Finance Intuitions (CDFIs) available that will support business owners to access SME loans and SME finance. Aston Reinvestment Trust (ART) who are a local CDFI who have a Birmingham small business loan fund, will be outlining ART Birmingham business loans and ART West Midlands business loans. BCRS Business Loans, another social finance provider, will be at the event to discuss opportunities available to business in Birmingham with the Midlands Engine Investment Fund. The Midlands Engine Investment Fund offer four solutions; debt finance, equity finance, small business loans and proof of concept finance, that may include business grants West Midlands.

The event is focused towards businesses who are operating within the environmental and low carbon sectors. Pure Leapfrog are presenting to discuss the benefits businesses can access through reducing energy and carbon emissions. They are a leading social investment provider to community energy projects. Business renewable energy projects used to be reliant on government business loans, business grants, Birmingham business grants and funding and interest free business loans. However, renewable energy and energy efficiency measures are now highly cost effective and can be realised through a range of business finance solutions.

If you are a SME interested in the range of financial solutions available to you. Sign up to the event here.

 

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