Businesses have been invited to a free seminar at which experts will share high-level content about how to prepare a business for scale up, growth and investment.
‘Strategy and Funding for High Growth’ takes place on Tuesday 24th October, from 8am- 12.30pm at The Attenborough Hall, City Hall in Leicester, as part of the Leicester Business Festival fortnight of events.
The seminar was inspired by the 2016 Scale Up Review conducted by the Scale Up Institute. According to the review, leaders cite key barriers to growth in relation to developing leadership capacity, access to corporate buyers at home and abroad and access to the right finance for their scaling businesses.
Expert speakers will address these barriers by providing helpful insights about essential leadership and management skills, routes to market, investment readiness and finance options for high growth businesses.
Key speakers include Stuart Ross, CEO at High Growth and founder of the annual High Growth Summit. Stuart said, “Leicestershire is a hotbed of ambitious and growth companies – I am really looking forward to speaking at this key event and sharing insights and knowledge to help these companies stay on the high growth path.”
Other key speakers include:
- John Tucker, Principal Consultant at Making Good
- Steve Young, Director of Winning Pitch
- Grant Peggie, British Business Bank
- Fund managers from the Midlands Engine Investment Fund
Steve Young, Director of Winning Pitch said, “Nine out of every ten business plans that get submitted to Venture Capitalists (VCs) get rejected. We see similarly disappointing success rates in the Angel funding space. Too often, the business’s investor readiness approach has consisted of “a good business plan and a professional looking set of accounts”. This is far too narrow an approach to be successful. Instead of raising finance, it just raises frustration for both the investors and ambitious business leaders.”
Nick Pulley, Chair of the Leicester and Leicestershire Enterprise Partnership (LLEP) will welcome delegates to the seminar. He said, “Growth Hubs have a role to play in identifying and targeting businesses with scale up potential, providing support and inspiration, motivation and encouragement to match businesses growth ambitions. This seminar is targeted at local businesses that have ambition and are seeking expertise to enable rapid growth”.
In addition to scale up challenges the Growth Hub, LLEP Business Gateway, reports that 25% of all enquiries are from businesses looking for finance. Last month, the British Business Bank launched the first £120million tranche of its £250million Midlands Engine Investment Fund (MEIF). The fund aims to transform the finance landscape for smaller businesses in the Midlands and enable them to access vital funding to catalyse their growth. The £120million of debt finance is now open to businesses across the 10 Local Enterprise Partnership areas in the Midlands.
Grant Peggie, Director at the British Business Bank said: “There is a clear appetite from small businesses across the LLEP area for finance to drive their growth and this seminar is a prime example of how collaboration between organisations in the region is improving access to funding and support. We’re looking forward to providing attendees with information on the MEIF, wider BBB activity and the opportunities open to them to secure investment.”
The Growth Hub, LLEP Business Gateway, is delivering this seminar in partnership with the British Business Bank, Midlands Engine Investment Fund, High Growth, Making Good and Winning Pitch. To book please visit: http://bit.ly/2xO0YIl