Posted on 19th April 2017
Alternative funding on the up
Alternative funding options have proliferated in recent years, and will be a major theme at BITE 2017 (Business, Innovation, Technology and Efficiency) hosted by MHA Carpenter Box at the Amex Stadium, Brighton on Thursday 27 April.
Andy Davis, former editor of FT Weekend and author of the ‘Beyond the Banks’ report on alternative finance, will be one of the industry experts forming an Alternative Funding panel at the free one-day conference, and he’s looking forward to sharing his expertise with local business leaders.
“The alternative funding market is still small when compared to traditional banks, but it can provide a faster and more flexible option for businesses. For example, it’s a route increasingly used for unsecured loans of £50k – £70k,” explained Andy.
One major provider of alternative finance – Funding Circle – is a peer-to-peer lending marketplace that allows investors to lend money directly to small and medium-sized businesses. It currently has a total loan book of £1.2 billion, £820 million of which was lent during 2016 alone.
Small and medium sized businesses are accessing peer-to-peer finance in increasing numbers to help them deliver their strategies for growth.
“BITE will help businesses to develop an understanding of a funding market which offers more options than ever for raising finance, but which can also be complex. With the support of experts in this field, local businesses will gain expert insight into a growing marketplace that offers a wide range of opportunities.”
To register your interest or book a stand at BITE, please visit www.bite2017.com.
"If Carlsberg did networking they would do it the BHBPA way. Each event is packed with great ideas, thought provoking presentations and fun. As a small business we feel supported and part of the community. We have built friendships and business relationships and there is always plenty of advice on hand to benefit us all so don’t hesitate to join whatever the nature of your business. "
"The BHBPA is the most effective and dynamic business organisation I have ever worked with in over 30 years in Local Government. It has a very active and large membership whose points of view are taken seriously by all government structures. Peter Liddell does an excellent job in providing unique and enjoyable networking opportunities where members interact and discuss points of mutual interest. It provides a forum for businesses to discuss common issues, to share experiences and to play a powerful and meaningful role in the Burgess Hill community. The BHBPA provides important and credible support for all its members and ensures that their best interests are represented where necessary. "
"“Sutton Winson have been members of the BHBPA for around 7 years. We have found it a great way to keep in touch with Burgess Hill businesses and to meet with likeminded people. It’s not just another “networking” group, as it tackles the real issues and gets things done”"
"“I can’t speak highly enough of the BHBPA. As a small local business we feel very much part of a community and thoroughly enjoy the annual exhibition and meetings throughout the year. Over the years we have built fantastic working relationships with many BHBPA members and every meeting and event offers us opportunities to work with more. This is networking at its best! ” "