How to fund your SME
Jon Scopes details the key lessons learned at an SME funding masterclass ran by the Northern Powerhouse Investment Fund and ICAEW.
The success of the SME sector is fundamental to the economy and the ease of access to funding for growth is a key component in driving that success.
The introduction of regional programmes from the British Business Bank, such as the Northern Powerhouse Investment Fund (NPIF), have been an important innovation in this arena to drive regional growth. For example, NPIF has already helped 440 SMEs to develop their businesses since its inception.
Working with the SME community has always been important for ICAEW. If you are considering gaining funding through these programmes, we want to share with you some key lessons learned during a masterclass event with NPIF. Organised by ICAEW Manchester but relevant to all, these insights were given from both the fund managers and the businesses that had been through the process.
This is an extract from the Business & Management Magazine, Issue 276, July/August 2019.
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Full article is available to Business and Management Faculty members and subscribers of Faculties Online.