FINANCE
Growth Minister hears the views of D2N2 board
The Minister charged with helping to boost economic growth in the East Midlands met with D2N2 board members and area businesses on 10 November to hear their views and priorities. Nick Hurd MP, a Minister at the Department for Business, Energy and Industrial Strategy, is also local growth champion for the East Midlands and chief liaison with the region’s D2N2 (covering Derby, Derbyshire, Nottingham and Nottinghamshire), Greater Lincolnshire, and Leicester & Leicestershire Local Enterprise Partnerships (LEPs). On a visit to the East Midlands,
Mr Hurd was given a tour of MediCity Nottingham, the incubation centre home to companies involved in the healthcare, medical technologies, beauty and wellbeing sectors. The Minister met with board
members of D2N2, its Chair Peter Richardson and Chief Executive David Ralph, as well as business representatives from the D2N2
area, to discuss local priorities and how these can feed into the Government’s industrial strategy. D2N2’s latest Infrastructure and
Investment board meeting approved more than £700,000 from its Local Growth Fund allocation for a £1.4m scheme to refurbish a 29,800sq ft space on the Boots Enterprise Zone site to
Answering the call for financial access
After months of collaboration with the UK's largest banks,
BusinessFinanceCompared.com, the finance platform operated by Bizfitech, is to help small businesses who have been turned down by traditional lenders. The Nottingham-based platform
has already helped thousands of businesses find the finance they need by helping them navigate the market to find the right deal. Last year 324,000 SMEs sought a
L-R: David Ralph and Peter Richardson of D2N2
provide additional MediCity Nottingham incubation space for life sciences companies. Mr Hurd said: “Each region
across the country has unique strengths and I’ve seen how the medical technology and manufacturing industries are driving growth across Nottinghamshire and Derbyshire.’’
loan or overdraft, 26% of these were initially declined by their bank. Under the new scheme, rejected applicants will be offered the opportunity to be referred to the designated platforms - giving them a second chance at getting funding.
BusinessFinanceCompared.com
helps businesses find the right finance option for them through unique technology enabling the business to check their eligibility and likelihood of being approved by different finance providers. Olly Betts, CEO of
BusinessFinanceCompared.com, said: "The successful launch of the Alternative Finance Platforms Scheme marks a turning point for businesses looking to secure finance but for whom the banks are unable to help.”
Starting up in Business
Setting up a business can be as traumatic as buying a house. But it may surprise you that many new entrepreneurs do not give the same amount of planning to a new business as they would to buying a house. The old saying ‘failure to plan is planning to fail’ has never been truer.
Paul Delaney, our Business Development Manager, has already supported a number of our new clients with Business start up advice by listening to the Business Owner’s desires and then working with them to, where appropriate, bring structure to their ideas and importantly help bring them to life.
Discover the Stopfords difference for yourself please contact Paul Delaney on:
01623 420269 or 01246 385385 Email:
paul@stopfords.co.uk business network December 2016/January 2017 49
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