The ability to access finance is a key ingredient for business growth but can be a frustrating process for business owners. Recognising this market condition, a new Access to Finance programme has been launched covering Cornwall and the Isles of Scilly.
Access to Finance is a fully funded ERDF (European Regional Development Fund) programme to support eligible SMEs in Cornwall and Isles of Scilly who wish to raise finance for their business. Delivered through Oxford Innovation, SMEs can benefit from a series of themed workshops and one-to-one support with experienced finance specialists to support them in accessing the type of finance best suited to their needs.
Financial options considered include traditional debt, grants, asset finance, crowdfunding, angels and equity. In addition, for eligible applicants, the programme has 50% match-funded grants of up to £7,500 to assist in related financial or legal advice and a seed grant for the recruitment of Non-Executive Directors.
The South West Manufacturing Advisory Service (SWMAS) works with manufacturing businesses to help improve productivity, develop their capabilities, and enter new markets. It supports programmes on behalf of government, local enterprise partnerships, and other public…