helping your business grow' breakfast series: stockport
TRANSCRIPT
'Helping Your Business Grow' Breakfast SeriesStockport19 January 2017
Welcome and introductionsIan DixonAccess to Finance Team LeaderBusiness Growth Hub
Agenda08.35 - Business Growth Hub update, Ian Dixon, Access to Finance Team Leader, Business Growth Hub
08.45 – Stockport Council update, Councillor Kate Butler, Stockport Council
08.55 – Stockport Business Finance Scheme, Andrew Nichols, Senior Loan Manager, Business Finance Solutions
09.10 – Guest speaker, Adrian Thomas, Director, Kast Energy Solutions
09.30 – Questions and answers
09.45 - Closing remarks, Business Growth Hub
09.50 - Networking and refreshments
10.30 - Event closes
Housekeeping• Fire procedure• Phones on silent• WiFi
• Login:• Password:
• Twitter:• @bizgrowthhub• #BGHEvents
• Feedback forms on chairs
Please leave your feedback
Please take a couple of minutes before the networking to complete the feedback form and return it to the Hub staff
Business Growth HubUpdateIan Dixon
Enable Growth, Create Jobs, Improve Lives
To transform the economy of Greater Manchester, delivering growth and prosperity to the city region by providing research and analysis to drive policy and delivery, raising Manchester’s profile, attracting investment, helping businesses grow and providing individuals with new skills and employment opportunities.
MGC Purpose
Evaluation Report
• 83% of clients have told us that they would rate Business Growth Hub services as good or excellent
• 93% of clients would recommend us
“I am receiving wonderful support in getting my business off the ground in areas which are new to me My business
advisor has been invaluable in linking me with people and
events enabling me to proceed from one step to another.”
“The support I received was brilliant and very
comprehensive. The level of support and the amount was just perfect for me and
the company.”
Marketing and communications
Our events
3717
Event attendees
Just to say thank you for a really good event and fantastic speaker, the networking will hopefully lead to business. Thanks again to all at the Hub for support and these events.
Delivery Partners
Private Partners
Finance Partners
Network Partners
University Partners
Media Partners
Public Partners
We help entrepreneurs and growing businesses in Greater Manchester with the skills and support they need to succeed, through:
• Enquiries line• Networking/conferences• Online resources• One to one support• Industry/sector specific programmes• Workshops/masterclasses/clinics• Partnership networks
How can we help?
• Common pitfalls• Planning and strategy• Training and development• Promoting your business• Discovering product
markets• Market research• Research and development
Starting a business Accessing Finance
• Navigating finance options, NWBA/CO Angel
• Investment readiness• Business planning support• Financial modelling
Introductions to funders• Exporting
Leadership & Strategy
• Management and company structure advice
• Governance • Leadership skills• Business planning & target
setting• One to one skills• Succession planning
Workforce
• Developing your workforce• Finding the right people for
your business• Talent management• Understanding the skills
gap• Communications• Structures• Culture and values
“I want to start a business” “I want to know how I can finance my business”
“I want the right structures and capability in place to
lead my business”
“I want the right people and capability to develop
my business”
How can we help?
• Expanding a customer base• Generating leads• Diversify into new markets• Exporting• Market research• Supply chain management • Domestic/International
tenders• Digital/marketing strategies• Product marketing
Finding new markets Innovation
• Identifying opportunities• Fostering an innovate
culture • Bringing a new product or
service to market • Commercialisation• Harnessing technologies• Eco-design of products,
packaging and processes• Specialist R&D
Operational efficiency
• Systems and process review
• Reducing operating costs• Managing output, quality
and performance
Sustainability
• Developing eco-design of products, packaging and processes
• Harnessing new technologies. E.g. digital
• Reducing operating costs
“I want to increase sales & find new markets”
“I want to develop and launch a new product or
service to market.”
“I want to increase the operational efficiency of
my business”
“I want to be environmentally
sustainable & reduce my carbon footprint”
Department for International Trade
What we doWe are responsible for promoting Exporting is GREAT in the North West, working with partners to ensure our clients take advantage of the huge opportunities open to UK businesses overseas.
Responsibilities• Deliver international trade services across the North West under contract to DIT, European
Commission and DCLG.• Providing one-to-one support to help NW businesses take their first step into the Exporting
world.• Encourage current Exporters to expand into new markets to diversify and grow their business.• Delivery of a range of masterclass activity held throughout the North West on key international
trade topics.
For further information contact:+44 (0)333 320 0392 | [email protected] | www.great.gov.uk
Your local supportVincent McIntyreBusiness Engagement Officer - [email protected] 949 088
Geoff ClowesAccess to Finance [email protected] 980 888
Stockport Council UpdateCouncillor Kate ButlerStockport Council
Stockport Business Finance SchemeAndrew NicholsBusiness Finance Solutions
Stockport Business Finance Scheme
• Stockport Council, in partnership with Business Finance Solutions are launching a range of finance for Stockport businesses.
• Loans are available from £500 through to £500,000.
• These funds are for Stockport businesses unable to obtain finance from the Commercial Banks.
• Business Finance Solutions are part of the Manchester Growth Company and are a not for profit, alternative finance provider.
FINANCIAL SUPPORT FOR STOCKPORT BUSINESSES
Stockport Business Finance Scheme
• Start-up loans are available from £500 to £25,000 per individual.
• A low interest rate of only 6% p.a. with no additional fees.
• Support with business plans and cash flow forecasts.
• A business mentoring service.
• The scheme is available for individuals who are starting a business or who have been trading for less
than 24 months.
START UP LOANS
Stockport Business Finance Scheme
• Loans are available from £3,000 to £100,000.
• Interest rates of between 10 and 15% p.a.
• An arrangement fee of 2% and a 1% p.a. monitoring fee.
• Loans can be repaid over any term up to 5 years.
• Stockport Business Loans are available for businesses who are unable to raise the finance they need to
either start up a new business or finance an existing business.
• Loans are not credit scored - decisions are made by Business Finance Solutions on a judgemental basis.
STOCKPORT BUSINESS LOANS
Stockport Business Finance Scheme
• Loans of up to £500,000 are available to Stockport businesses to help increase their export sales.
• The loan could be used as working capital or as cash support to enable a bank to issue a tender bond,
an advanced payment guarantee or a performance bond.
• Repayable up to 5 years.
• 2% arrangement fee - monitoring fees may also apply.
• Interest rates from 4% p.a.
EXPORT LOANS
Adrian Thomas - DirectorPhoenix HouseWhitehall RoadBredburyStockportSK6 2QR
Stockport based company who specialise in the supply of Energy Reducing Technologies to businesses and organisations
We help business owners reduce their energy consumption, lower emissions and lower their operating costs
KAST ENERGY PRODUCTS:
SOLAR PV VOLTAGE OPTIMISATION DESTRATIFICATION FANS
BATTERY STORAGE INFRA RED HEATING ENERGY MONITORING
If you consume energy we can
help
Our Journey so far:
• KAST Energy Solutions formed in 2014• Needed Advice and to Market ourselves• Joined the Stockport Low Energy Network• Introduction to • Assigned Advisor - Vicky Wilding• Identified other teams within Manchester Growth Hub
that could help us
Manchester Growth Hub assistance:• Green Growth• Innovation Growth• Digital Growth• Growth Mentoring• Growth Start-up• Manufacturing and Textile Growth• Growth Service • Other MGC services – DIT and Skills Company• ACCESS TO FINANCE
Access to Finance:• Introduction to advisor• Geoff Clowes - Initial review meeting• Cash Flow and Investor• Short term finance to help• Advise on how approach banks and other funding sources• North West Business Angels• Investors
Summary:
• You can’t do it all on your own• Time is precious• Advisors• Wide range of advice• Networking• Training• IT’S FREE
IT’S A NO BRAINER
Q&A
Closing remarksIan DixonBusiness Growth Hub
Forthcoming events
Business Growth Lunch27 January, 12:00 – 14:00UK Fast, Manchester
Prolific North Live – Finance and Growth Hub15 -16 FebruaryEventCitylive.prolificnorth.co.uk/
All events can be viewed and places booked on our website www.businessgrowthhub.com/events
