DEBATE FINANCE
IN ASSOCIATION WITH:
THE CHANGING FACE OF FINANCE
Lancashire Business View and Rosebud, the business finance arm of the county council, brought business leaders and funders together to ask how the role of finance is changing as they look to meet the challenges thrown up by the Covid-19 pandemic
PRESENT: Richard Slater - Lancashire Business View (chair) Rob Binns - Cotton Court Mark Gibbons - Access to Finance
David Gill - Centaur Technologies Brian Heyes - HSBC Jessica Jackson - GC Angels Nadeem Memon - Panaz
Matt Robinson - Rosebud Richard Stephenson - YUDU Kevin Steven - Pierce Andy Wilson - Abbey Telecom
Matt Robinson, Rosebud At the start of the year we were really active and then the pandemic kicked in and everything shut down.
In recent months things have transformed from people needing the funds to keep trading, and we’ve seen
It changed from ‘keep us trading’ to ‘how do we react to the situation, pivot and make the most of it?’
When it comes to funding it depends completely on the situation of the business involved, there’s no
so we want to fund and support businesses that are expanding, possibly going into new markets, the
Brian Heyes, HSBC
The last six months have been interesting times for anybody that works in finance. CBIL was effectively economic oxygen, it had to be considered and approved on an affordability basis because the banks didn’t want to put a load of debt out to customers that couldn’t afford it. It is not grant funding.
One of the biggest challenges I see coming is that a lot of businesses
challenge we have is that, because those businesses have been stagnant for six months, they now need inventory, they need to start
When I grew up, we used to assess business opportunities and plans
follow the money, to understand what our lending’s been used
Brian Heyes
We want a good share of risk; a deal has to be affordable and importantly, the management team has to show credibility and experience; and there’s got to be a decent return for the
David Gill David Gill, Centaur Technologies
We made CBILs applications to two separate funders and relatively quickly received two offers. We simply picked the best.
We’re not using that money to get us out of trouble, because we’ve come through the lockdown relatively well, we’re using it to fund
promising, but what credit insurers have been doing is offering top-
Even so, we’ve seen a huge surge in demand in the construction
As business started to drop off from March onwards, our cash, locked up in working capital, started to unwind, so our bank balance
One thing that we’re also progressing is grant funding, which will be
LANCASHIREBUSINESSVIEW.CO.UK
Matt Robinson
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