Sourcing Finance for Business Growth Speakers' panel receives positive feedback from Delegates
15 May 2015
Delegates were unanimous in their positive feedback on the ‘Sourcing Finance for Business Growth’ Speakers’ Panel held at Henley Business School on 11 May 2015
Supported and sponsored by the Thames Valley Berkshire Business Growth Hub and Santander, the Henley Centre for Entrepreneurship staged the ‘Sourcing Finance for Business Growth’ Speakers’ Panel at Henley Business School on Monday 11 May 2015.
Attended by some 40 SMEs, the speakers addressed one of the most important topics for SMEs that of raising finance for business growth and often a challenge for SMEs.
Introduced and moderated by Ed Cooper, Director VitalSix and Visiting Fellow at the Henley Centre for Entrepreneurship the speakers presented in turn and shared their story of raising finance for their business addressing some of the key questions SMEs have to answer including when to raise funds, how much to raise and where to raise finance from.
The presentations were opened by Jon Smith, Co-founder and Managing Director of LendMeYourLiteracy (LMYL) who recently succeeded in raising finance via Crowdcube, talked about the benefits of using this source of alternative equity finance highlighting the simplicity and speed (LMYL raised its funds within 21 days and eventually closed 170% over subscribed). Jon spoke of how the platform allows the crowd to invest alongside professional investors pointing out that having pledges of some 20-25% before going live plays to the ‘social proof’ influence upon the crowd and building momentum. Shirin Dheghan delivered an inspiring talk of how she raised funds to grow Arieso, stressing that companies should only raise finance when they can with confidence say that the investment can grow the top line. Shirin also provided a valuable insight into what investors look for including; experience and commitment of the team, an attractive market, strong proposition and a clear exit.
A live on-line poll showed that a significant 80% of SMEs in the audience said they are raising funds now or within the next 12 months and almost 50% identified getting investment ready as the topic of greatest interest to them in preparing for fund raising.
The audience was very generous in praising the value of the event.
Sovel Cunningham of Norsk Wholesale Ltd said of the panel ‘Very informative panel and well worth giving up the evening for’
Peter Woolsey of Positive Concepts Ltd remarked ‘The speakers were excellent’
The UoR is committed to work with the SME community in the Thames Valley Region for mutual benefit.
Contact and Notes:
Business Development Lead & Executive in Residence, Henley Centre for Entrepreneurship
Henley Centre for Entrepreneurship
Henley Centre for Entrepreneurship is part of Henley Business School at the University of Reading which provides a hub for teaching and research in the subject, inspiring students from across the University to embrace, develop and apply their entrepreneurial abilities.
Director, Thames Valley Berkshire Business Growth Hub
Thames Valley Berkshire Business Growth Hub The Growth Hub offers a new way of working to Berkshire's high growth businesses. Backed by Government it provides a single gateway for ambitious businesses who are seeking the information, guidance, support, expertise, finance, knowledge and experience they need to scale up and grow, boost performance and find new ways of working.
Regional Corporate Director
Santander Bank UK
Santander Bank UK is the wholly owned subsidiary of the Santander Group, a Spanish bank providing full retail banking services.