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.
"As MP for Mid Sussex I believe passionately in the importance of a vibrant local business community in order to create and sustain fantastic opportunities that enable people to meet their responsibilities, prosper and fulfil their potential. I am committed to collaborating with BHBPA and others to be an effective collective voice for Burgess Hill."
"“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! ” "
"The BHBPA is a fantastic hub for our business community to get together and catch up, discuss important local issues and connect new and interesting enterprises."