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The British Business Bank is 100% government-owned but independently managed. The Bank combines expertise and capital to support the smaller business finance markets. Its mission is to drive sustainable growth and prosperity across the UK and facilitate the transition to a net-zero economy by improving access to finance for smaller businesses.

Between 1 April 2022 and 31 March 2023, the Bank continued to deploy the vast majority of its finance in its core schemes outside of the largest UK banks, surpassing the set target. According to their Annual Report and Accounts 2023, 99% of the Bank’s finance was provided outside the 'Big Five' banks.

Tracy Sherratt and Lewis Stringer, Senior Managers in the British Business Bank’s UK Network Team covering the West Midlands and East and South-East Midlands respectively, will co-host this session and outline the various funding programs delivered by the Bank and its role in raising awareness of the finance options available across the Midlands.

19 September 2024: Equity finance

For this session, the focus will be on equity finance providers, such as business angel networks, venture capitalists (VCs), and private equity firms, operating in the Midlands.

We’re pleased to welcome:

• Alexis Toft | Head of Minerva | Minerva Business Angels
• Hannah Tapsell Chapman | Investment Manager | Mercia Ventures
• Connie Smith | Investment Associate | YFM Equity Partners

This session will explore finance options for growth, such as cash flow lending and asset finance, angel, and equity investment. These options are crucial for any business aiming to scale up and maintain a competitive edge. However, smaller businesses often struggle to secure the right type of financing they need.

That's why it's essential to explore all available options and collaborate with finance providers who understand a business’ unique needs, enabling them to access the financing that's right for them, regardless of their location or profile.

If you’re a smaller business or working with businesses in the region, discover the types of finance these providers offer and how they can support you. We’ll also discuss current issues in the Midlands’ finance market.

The session will conclude with a Q&A and an opportunity for discussion with the audience, providing valuable insights to ICAEW’s senior leadership team

Visit https://events.icaew.com/pd/29229/icaew-midlands-alternative-finance-equity-finance-19-september-2024?diid=29231#Detail