The UK Government plans to help businesses raise Capital through the British Business Bank.
A U.K. government backed bank started a funding program to encourage British businesses to source Capital within the UK instead of SME’s having the costly expense of travel to the likes of Silicone Valley USA etc.
British Business Investments published recently a request for business proposals for its Managed Funds Program, which could eventually drive as much as 1.5 billion pounds ($2 billion) into high potential companies in Britain, according to BBI Chief Executive Officer.
The average U.K. venture capital fund is one third smaller than in the U.S; and a few years’ back it was not unusual for British SME’s to take the plunge across the pond indeed whilst a Business Accelerator Growth Coach for Grant Thornton and Winning Pitch previously this was encouraged.
BBI, a subsidiary of British Business Bank Plc
, will invest 500 million pounds of government equity into large scale funds of funds as part of the program, which was announced by Chancellor of the Exchequer Philip Hammond last year to close the U.K.’s patient capital funding gap. That money could leverage another 1 billion pounds from the private sector, including from pension and investment funds.
Here at Gateway2Enterprise we also feel that UK businesses don’t have to travel to USA to raise Capital in USA – through our website www.gateway2enterprise.co.uk
in partnership with USA FAMILY OFFICE – 1500 Family offices the largest in the USA our new Partnership in UK – we just worked with them on 27 April 2018 London ‘CAPITAL RAISE BOOTCAMP’ next one 26 July 2018 London Piccadilly Meridian Hotel and Investors Dinner Mayfair and you can also JOIN US Miami 11 Dec 2018 for the Global Deal Summit with our CEO
To know more on raising money for your business please keep reading our blogs or check our website at http://www.gateway2enterprise.co.uk