Start Ups Seek Alternative Finance

Young entrepreneurs, disillusioned with traditional methods of funding their business plans, are seeking new ways to resolve their funding requirements.  So says Saurev Chopra, MD of Huddlebuy.co.uk having spoken to over 1000 small business owners.

Almost 75% of young entrepreneurs are saying they will have no option but to seek alternative funding options in 2012 if they are to maintain their business development plans during the year.

Craig Hamer, Dews Motor Group, said: “The banks are now the last place businesses think about for investment and funding”.  The reality is that, for businesses, bank lending has gone from bad to worse despite The Coalition’s rhetoric and much- maligned Project Merlin.

However where banks are failing others a spotting opportunities and bodies are getting together to offer business leaders the funding opportunities they need.  Groups like Zopa, Funding Circle and Crowdcube are just a few of a whole industry beginning to plug the gap.

MGBA are dedicated to working with small and start up businesses and can offer help and guidance in business planiing and funding.

If you have questions, thoughts or comments on this post or my blog please drop me an email to  Martin.parry@mgba.co.uk or leave a comment below.

http://www.mgba.co.uk

http://www.zopa.com

http://www.huddlebuy.co.uk

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1 Response to “Start Ups Seek Alternative Finance”


  1. 1 timluscombe February 16, 2012 at 11:09 am

    You are right Martin, the whole “Crowdfunding” space is very interesting and an example of where a gap is left in the market by the actions (or inactions) of the traditional funding institutions. We’re running Finance Question Time to see what the banks have to say for themselves – see http://breakfastbusinessforum.com/ for info and your opportunity to post a question!


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