Building Material Finance

Two innovative funding providers have come together to provide this new type of finance. Building Materials Finance allows clients to purchase the raw materials required on site for building work to be carried out. This facility is aimed at contractors and sub-contractors who require additional working capital to help them finance contracts which might be currently out of reach, or would put significant strains on cash flow.

Companies that can apply for this type of finance include:
Brick layers and brick factors
Steel fabricators and contractors
Concrete suppliers
Modula builders
Civil engineers

The following security is needed: ( as 2 separate funders are involved some security is required by both)
Limited companies only
Debenture over stock
Debenture over debtors
Personal Guarantees from all directors for both funders.

Costs:
3% interest per month
2% up front facility fee
£150 registration fee per debenture
Facility size from £25K to £100K
Minimum transaction £10K with £50K maximum
Minimum trade fee of £300.

New Lender who even likes Start-Ups

At the end of last year I had a meeting with an interesting lender. They do short term loans from just 3 months, but unlike most short term lenders they will also do loans of up to 10 years. They like new starts, adverse credit and sole traders. They will lend from £25,000 to £1m. It is quite quick taking around 2-3 weeks to get a loan. The interest rates start at 1.16% per month, which is lower than the usual adverse credit lender. The only stipulation is that the client must be a home owner with enough free equity in their property. The lender is happy to take 2nd, 3rd and even 4th charges against the property.

Getting funding for start-ups is very difficult these days and most have to resort to equity Crowdfunding and therefore sell a % of their companies and usually too cheaply. Now there is an alternative, a lender who will happily lend to start-ups that have free equity in their homes.

For more information please contact:

Peter Kelly: 01932 244810 peter.kelly@pegasusfunding.co.uk
Richard Olsen: 07976 642432 richard.olsen@pegasusfunding.co.uk
Gautam Goenka: 07837 187595 gautam.goenka@pegasusfunding.co.uk

UK Only: Are you making the most in the upsurge in leasing?

Leasing is powering ahead in the funding marketplace. In 2013 43% of SMEs used leasing as a method of funding new plant and machinery, office equipment and cars, this increased to 51% in 2014.
The survey of 3,000 SMEs from Germany, France, UK, Italy, Spain, Netherlands, Poland, and Sweden found that SMEs financed 19% of their total investment via leasing in 2013, more than any individual form of bank lending. This figure showed the popularity of leasing among SMEs, as the leasing penetration rate for businesses of all sizes stood at 12% in 2013. SMEs focused on exporting and growth were found to rely on leasing to a greater extent than other firms. Exporting firms financed 20% of their investment via leasing, as opposed to 18% for non-exporters. Similar results were recorded for growth firms, with almost a quarter (24%) of their investment financed through leasing, significantly more than the 18% of non-growth SMEs.

For further details contact:

Peter Kelly: 07778 670 236 peter.kelly@pegasusfunding.co.uk. London, South East, and South West

Richard Olsen: 0797 664 2432 richard.olsen@pegasusfunding.co.uk . East Anglia, East and West Midlands and the North

Many professionals Struggle to pay Tax in July

All professions have cash flow issues, just like the majority of companies.
They have difficulty paying their VAT, Their Corporation Tax and Income Tax, as well as their professional indemnity insurance and Practice Certificates. They also might need finance to pay for working capital and IT systems and software.

There is now a funder that will give loans to the professions of between £10,000 and £1,000,000, depending on loan requirement. VAT loans are over 3 months and professional indemnity insurance loans are over 12 months or less.

The professions covered include, Solicitors, Accountants, Architects, Barristers, Doctors, Vets, Surveyors, Dentists, Opticians, Pharmacists, Osteopaths and Chiropractors. If they belong to their main professional body such as the Law Society, RIBA, Medical Council etc, then they can apply.

For further details contact:
Peter Kelly peter.kelly@pegasusfunding.co.uk

Licence/Maintenance Finance and Construction Stage Payments Finance

There have always been two types of funding requirements that have historically been very difficult, if not impossible to find solutions for.
The first was how do you raise finance against the value of signed contracts for products or services that are paid in monthly installments, such as maintenance agreements, security agreements, subscription agreements, and most importantly Software as a service licence agreements. There is now a new type of finance that solves this problem.
The companies that are applying for this type of funding must have a turnover of at least £300,000 and been trading for at least two years. They must have been trading with their client for at least 1 year OR they have sold the same type of service to different clients for at least 2 years. The downside is that their customer must have a turnover of at least £15m if based in the UK or £50m if based abroad. This type of finance will fund up front 80% of the client’s next 12 months worth of regular payments.
The second type of funding is stage payments or applications for payment in the construction industry. There are no limits on debtor concentration and foreign debt is also acceptable.

The Fredericks Foundation Business Awards Dinner at Hampton Court

Fredericks Foundation is a charity that provides loans to people who want to set up a new business or maintain or expand an existing business as a route to financial independence. While we are open to anyone who has a viable business proposition but cannot obtain mainstream finance, we focus particularly on the disadvantaged.
We provide a range of business support and microloan funding for start-ups and small businesses. In doing so, we enable people who cannot access finance through the usual channels to realise their potential for the benefit of themselves, their families and the Country.

This is an opportunity for the corporate business sector to help support our programme by becoming a Fredericks Foundation sponsor. Through sponsorship you will:

• Have a visible association with a high profile, professionally run programme.
• Help disadvantaged people start their own business and monitor their progress.
• Make a positive impact on your organisation’s Corporate Social Responsibility strategy.

We are delighted to announce the Fredericks Business Awards Dinner
This is a prestigious event to be held on the evening of Tuesday 6th October. The venue is The Garden Room set in the beautiful Tiltyard Gardens at Hampton Court Palace. The event acknowledges the achievements of the companies that Fredericks Foundation has funded. There will be a drinks reception followed by a superb 3-course dinner, the awards ceremony and a charity auction, with many fabulous prizes to be auctioned.

Ticket prices are as follows:

Table for 10 people: £990
Half a table of 10 (5 places) £495
Single tickets: £110
Pair of Tickets: £220

Buy your tickets today by going to: https://eventbrite.co.uk/event/16377662028

Helping disadvantaged people to start their own businesses depends on donations from the business community. This is a great way to donate and to enjoy yourself.

Could you do with an additional £10,000 rolling overdraft?

This is the second in a series of articles about innovative new sources of alternative funding. Look out for the next one in a couple of weeks time.

I have just started to work with a funder that is offering overdraft type loans of up to £10,000 for periods of 1 to 10 weeks. As you pay these off you can take out another loan and so on and so forth. The loan is available for sole traders, Limited Companies and Partnerships. 4500 companies have taken out 12,000 loans so far.
This does not replace your normal overdraft, if you are lucky enough to have one, it is just a top up for when you need a bit extra and the bank will not help. People use this type of loan when they need additional seasonal stock, or to pay the VAT or corporation tax, or when large clients are paying late and causing cash flow problems.

Repayments are paid weekly and are taken from your debit card.

They use a 5 star rating, 1 star is the most expensive and 5 star is the least expensive. Depending on your credit risk you will be rated from 1 to 5 but the important thing is that as you work with this funder and pay back on time you can progress up the star ratings.

If you borrow £1000 and pay it back over 10 weeks you will pay back £1144 which equals 14.4% which is expensive, but if you are a 5 star client the same £1000 over 10 weeks you would pay back £1027 or just 2.7%. Naturally you only pay when you have borrowed money. You may borrow for just 2 weeks, pay it back and not need to borrow again for a month or 2. Flexible money on tap.

You pay a one off set up fee of between £150 and £350 and you can then borrow if and when you need it.

60 % of all applicants get approved and another 15% are just asked for more information.

The application form is a simple A4 sheet.
Minimum application criteria:

Minimum 12 months Trading
You and your company must be searchable on line
You must have a current home address
No CCJs for 12 months.

If this is of interest to you or your clients please give me a call on 01932 244810 or email me at peter.kelly@pegasusfunding.co.uk or richard.olsen@pegasusfunding.co.uk

Are you worried about Personal Guarantees? Then think about PG Insurance

Personal Guarantees are the bane of most business owners’ lives and something that they continually ‘moan’ about. Invariably any form of borrowing above say £5-10,000 from a bank or other financial entity will require further security in the form of a personal guarantee from the business owners and directors. This is on top of any security that they may also take over the assets of your company.

As has been seen over the recent past, it doesn’t take a lot for an excellent business to be hit by unforeseen factors that may result in adverse trading and the lender may demand repayment of its money. You may well be faced with a call on the guarantee that you have given. At that point your personal assets are at risk.
Personal Guarantee Insurance is there to meet that claim up to the amount for which you are insured.

Personal Guarantee Insurance

Provides insurance for individuals (usually Directors) who have given a Personal Guarantee (PG) to a lender in respect of the borrowings of their limited company in the event that when called in the company is unable to repay the whole of the borrowings and the PG is called upon.
This type of insurance is the first of its kind to provide protection and advice at the same time. The policy can be purchased at any time either for an existing guarantee or as finance is taken out.

How it works?

The guarantor is protected in the event of the company failing to pay back it’s lender in full. Cover starts at 50% for each guarantor of the amount of the guarantee in year 1, and the percentage increases annually up to 90% in year 5 and subsequent years.

Remember you do not have to cover the full amount of the personal Guarantee that you have signed. You can decide to take some risk yourself and only cover the remaining amount that you feel comfortable with.

Why do I need Personal Guarantee Insurance cover?

You don’t, it is a matter of personal risk, but Personal Guarantee Insurance provides financial security and protection from the unforeseen. If you've ever given Personal Guarantees for loans, then that guarantee could one day be called upon leading to significant costs to you.

This sort of insurance also comes in very useful when directors have different levels of shares in the company and personal wealth.

What does PGI cover?

Should your Personal Guarantee be called upon by the Lender, the Insurance will be in place to pay out the indemnified amount which may clear your liability to your Lender in full.
How much can I cover?
LENGTH OF TIME % COVERED
First 3 months 0%
Next 9 months 50%
Year 2 60%
Year 3 70%
Year 4 80%
Year 5 onwards 90%


Multiple Guarantors

PGI is personal to you but other guarantors can take the cover as illustrated. If there are two guarantors and each takes out PGI then the effective cover will be 90% of the total guarantee in the second year

How much does it cost?

The premium is based on 3% per annum of the level of the cover required. There is also a £200 set up fee and insurance premium tax of 6% of the premium.

To get an instant quote please follow this link https://pegasusfunding.quoteandbuy.net

“By clicking this link it will take you to the quote and buy website of PGI Cover a trading style of Ratae PGI Ltd an appointed representative of Professional Insurance Agents Ltd who are authorised and regulated by the Financial Conduct Authority. They will be able to help and quote you on various insurance products – we do not offer advice or services in this area of Insurance."

Or contact:

Peter Kelly on 01932 244810. Peter.kelly@pegasusfunding.co.uk
Or Richard Olsen on 07976 642432. Richard.olsen@pegasusfunding.co.uk

Latest Business Experience Exchange (BeXeX) Event: How Leadership Style Impacts on Culture and Business Success

Our more successful clients are forever curious and challenging. They constantly ask questions about business to their peer group. They are always curious about what works and what doesn’t and what practices have given other business leaders the edge. This is especially the case when it comes to leadership style, the topic of our next BeXeX event.

Every proactive business owner is curious about how some leadership styles can create success whilst others fail to generate results. For example, many have seen the ‘command-and-control’ style of management lose its impact whilst more collaborative and listening approaches have gained ground, especially with the younger Millennial workforce.

At our next BeXeX event on November 25th we will take a much more in depth look at the various leadership styles and how they can be used to determine business culture and success.

During the event, the Home Counties Business Advisors will present an overview of this subject whilst encouraging attending business owners to share stories based on real business experience. We will then facilitate discussion amongst the group to ensure learning and knowledge transfer.

So whether you are relatively new to business ownership or have successfully grown your business, come and share your experiences, ask questions and learn from your peers.

Our next session is at the Riverside café, Thames St, Staines TW18 4EA on 25th November 2014 from 1730-1930.

To book your place, click here, which will take you to Surrey Chambers of Commerce with whom we are hosting this event.

We look forward to seeing you in Staines for a challenging and provocative evening.

The Rise and Rise of Alternative Funding for SMEs

As peer-to-peer lending, invoice trading and crowdfunding shift into the mainstream, the alternative finance market is set to double in size next year, with the sector set to reach a value of £4.4 billion
The report from charity Nesta and the University of Cambridge said alternative finance to businesses and consumers was set to hit £1.74 billion in 2014, before jumping to £4.4 billion in 2015. The market was only around £666 million last year.
A raft of finance providers have sprung up in the wake of the financial crisis when banks cut back on lending to SMEs, forcing them to look for alternative sources of finance.

The co-author of the Nesta report, Liam Collins said:
“These findings shed light on a growing movement that is revolutionising banking, investing and giving by using technology to simplify the links between those who want to invest money and those who need it. With bank lending to SMEs down again this quarter, it’s no wonder that alternative finance is fast becoming an important source of funding for individuals, businesses and organisations who struggle to access finance elsewhere.
“The UK is leading the way globally, and with significant potential for the market to expand it won’t be long before we see alternative finance moving into the main stream.

By the end of this year, it is expected that alternative British lenders will have provided more than £1 billion in business finance to over 7,000 SMEs during the year - or 2.4% of all bank lending to such companies. This proportion set to increase further as bank lending continues to fall.
Nesta’s study found peer-to-peer business and consumer lending continued to dominate the market, P2P will account for 1.3 billion pounds in total in 2014, while invoice trading will pull in 270 million pounds and crowdfunding 84 million pounds - a 201% increase on last year.

Contact Peter Kelly on 01932 244810 to learn about Alternative funding for SMEs.

The Growth of Equity Crowdfunding Around the World

The Crowdfunding Centre takes data from 120,000 crowdfunds across the World

The US leads the way in the number of crowdfunds, However, earlier this month, London originated 248 crowdfunds. The city in second place was Los Angeles with 158.

London has a 33% success rate compared to 30% across the rest of the UK and around 25% globally. It leads the way in big growth industries like gaming and films, which has fuelled a lot of growth in the US, is increasingly finding a home in the UK.

Evidence is also growing of the positive lasting effects of a crowdfunding round. These figures are from a recent report by Crowdfund Capital Partners:

- Reward crowdfunders reported an average sales revenue rise of 25%
- Equity crowdfunders reported an average sales revenue rise of 350%
- An average of 2-3 new employees are taken on after crowdfunding
- Just over half of firms that contributed to the report said crowdfunding was their first choice method for raising funds
- Crowdfunding embraces diversity. Pitches lead by women and minority groups is 40%, compared to 8% in the ‘old economy’.

To learn more about Crowdfunding please contact Peter Kelly on 01932 244810.

Funding for Growth

Now that the economy is firmly on the mend, management teams have a new challenge to think about and that is how do they obtain the funding that they need for the growth that they are now experiencing. It is vital to remember that more companies go to the wall in a recovery than fail in a recession. Over trading is a very real danger.
The best place always to go for funding is your own bank. You have a history with them and they should understand your business better than any other funder. Unfortunately over the last 6 months bank lending to businesses has fallen by a staggering £4 Billion.

So if your business is growing and your bank is not lending, then who do you turn to?

There are many independent sources of finance for growing companies. The independents are much more flexible in their terms and their attitudes and being smaller you are much more important to them.

Invoice Discounting and Factoring is one of the easiest to obtain and most flexible ways of raising finance for growth as this form of finance grows as your sales grow. If you do not want to or need to sign up for a full ledger facility then consider using selective or single invoice discounting. You just finance the invoices that you want to when you want to.

Trade Finance is also available to finance firm orders that you have won but where you do not have the resources to fulfil. The trade finance provider will purchase the goods for you and after you have delivered and invoiced you then pay the loan back.

Debt Crowdfunding is another interesting a quick way of raising funds from £5,000 to £1,000,000 for companies that have 2 years of accounts filed at Companies House. This is where ordinary members of the public ‘Crowd’ together to lend small amounts that aggregate into one loan for a business.

Short Term Loans This type of loan has sprung up since the beginning of the year. These companies lend from £3,000 to £100,000, depending on risk, for periods of 1 to 12 months, for companies that have been trading for at least 12 months. Some will lend to companies with adverse credit histories but then must not have any CCJs. This type of funding is very useful for purchasing stock that is fast moving and where the profit margins are good.

Pegasus Funding Resources is your one stop shop for any type of funding. Give us a call today: 01932 244810

Simple Export Finance for SMEs

An existing funding provider has just introduced a new service to help small companies enter the export marketplace with a minimum amount of paperwork or risk.

This new ‘Export Overdraft’ is not only available to established companies but also to start-ups and recovery situations. The fees are simple with an arrangement fee, normally below £500 and a single interest fee depending on the risk and the length of the loan. This is not suitable for long term debt but for loans from a couple of weeks to up to 60 days. Longer loans of up to 90 days are available but then the charges may make it too expensive.

It works in the same way as single/ selective invoice discounting.

The exporter tells the finance house who they are exporting to, they then arrange a credit limit with a corresponding finance house in the destination country concerned. They at present have arrangements with 65 corresponding finance houses in mainly the EU and the OECD countries.

Once credit approval has been obtained, the goods can be shipped and invoiced. Letters of credit and bills of lading are not required. As part of the service the local finance house can arrange documentation in the customers own language. Once proof of delivery has been obtained then the funds can be drawn down.

For further details please contact:
Peter Kelly: 07778 670 236
peter.kelly@pegasusfunding.co.uk. London, South East, & East Mids.

Richard Olsen: 07976 642432
Richard.olsen@pegasusfunding.co.uk Cambridge, East Anglia, East Midlands.

HCBA and Surrey Chamber of Commerce Event

BeXeXTM is an event format and methodology that enables peer to peer sharing of valuable information between business leaders and helps them solve their challenges.
Looking for fresh ideas to boost your business?
Got a business problem that needs a new perspective?
Want to share and gain experience with fellow business owners?
Then why not join us in Woking at 5.30pm – 7.30pm on Tuesday 3rd May for our Business Experience Exchange event where we will be providing business owners and directors the opportunity to exchange ideas and discuss issues as a group.

HCBA are running the event in partnership with the Surrey Chambers of Commerce.


There is no agenda except the one you help create. There will be other business experts on hand to discuss any business issue you want to raise, however the experts aren’t the only ones who know a thing or two about running a company. Some of the best ideas come from those that manage their own business, who not only have been there but are there and doing it, business people like you!
Benefits of Attending
 Gain valuable business insights
 Get to know your business peers
 Find solutions to local business issues
 Improve your motivation and confidence levels

This event will also include a short presentation by social media marketing expert Susanne Currid on maximising the impact of your social media communications. Her presentation will include case studies from local Surrey companies and will offer advice on using social media to help improve your business search engine results on Google.

Book a place now at Surrey Chambers of Commerce Events. Go to: http://hcba.co.uk/bexex/

Event Date: Tue 3rd June 2014
Time: 17:30 – 19:30
Location: GU21 6QX
Venue: Arcom IT Headquarters, Export House, Cawsey Way, Woking

New type of short term borrowing now available

Since the start of this year a new type of funder has appeared. They specialise in lending sums up to £100K for short periods of time. One I am dealing with at the moment will lend for as short a time as a few days, a few weeks or a few months, up to a maximum of 12 months.

This type of funding is not cheap but very useful if you need extra funds for just a month or two. One client needs to buy additional fast moving stock that has a good profit margin, he cannot get funding from his Bank so this type of short term funding is ideal.

Some of these funders want Personal Guarantees but others don’t. Typical charges, depending on risk are from 0.1% to 0.3% per day plus arrangement fees.

One funder has a useful revolving facility where a maximum level of funding is agreed and you can take money out and put money back in as the need arises and you are only paying interest on the money used at any one time.

The main criteria for these loans seem to be at least one set of filed accounts, followed by a sales forecast that shows that you can afford the repayments.

This is not cheap money but for short term borrowing it can be useful.

South East Business Boardroom

We are pleased to announce the speakers and agenda for the next South East Business Boardroom meeting at the Five Bells in Chelsfield BR6 7RE.

We meet in the bar at 1:30 p.m. for networking. Free sandwiches at 1:45 p.m. and the meeting will start promptly at 2:00 p.m.

There will be a break for coffee and teas at 3:00 p.m.

Agenda

Individual introductions and an informative introduction to the group by the Chairman.

All attendees will have a one minute opportunity to introduce their business.

The main speaker Paul Duckworth will present Creative Heads Ltd. a creative design agency. Based in Canterbury, they help to grow businesses by enhancing their brand image and marketing them effectively across all communications channels.

The second speaker David Gillespie will then present Group Trader, a buying and trading self help group based in Essex but trading throughout the South East.

Business to Business. A time for all attendees to share business opportunities, and to look for advice and guidance with challenging cases or situations.

Discussion on speakers for the next meeting.

Any other business.

Date of next meeting.

Close of meeting 4:30 p.m.

Networking in the bar afterwards.

Places are limited to 20 attendees only. Please RSVP a.s.a.p. to avoid disappointment. Go to:http://www.meetup.com/South-East-Business-Boardroom/events/179196652/

Latest SME Monitor Results

In the latest SME Monitor produced by Cebr for Aldermore Bank many positive indicators show that the economy is on the mend.

Here are just a few of the indicators that the report highlights:
• The UK economy expanded by 0.7% quarter on Quarter in Q4 2013.
• Recovery is expected to gain further momentum over 2014 as a whole, as GDP is projected to rise by 3.3% year on year
• Growth is coming from all three major industrial sectors, production, manufacturing, and services.
• Annual cost inflation for small and medium-sized manufacturers fell back in Q4 2013 to 0.2% down from 0.7% in the previous two quarters
• Borrowing costs continue to fall back for UK SMEs, with the median interest rate offered to medium-sized enterprises falling to 3.2% in November 2013. Rates have not been lower than this since June 2009.
• The same goes for small enterprises where the median rate offered was 4.4% down from 4.8%
• The confidence level for SMEs climbed to +39.7 this quarter, its highest reading since Q1 2010.
• In Q4 2013 there were 3,800 business failures, down from 4,200 the previous quarter

All in all the future is definitely looking brighter for SMEs.

Can a recovery in the economy be dangerous for SMEs?

The answer is yes.

Naturally we all welcome the emerging recovery we are experiencing in the UK but SMEs should look very carefully at their finances as they need to be very aware that the pattern established following previous recessions is that more businesses go bust as the economy recovers not less. Typically businesses slowly wind down during a recession until they eventually run out of cash. Economic growth is often the last straw for them. They need to fill new orders and recruit more staff to meet demand but just cannot get any more credit and administration beckons. They may also have been slow in paying VAT and PAYE and built up large arrears which now must be paid as during a recovery the tax man becomes more aggressive.

Pegasus Funding Resources can help SMEs that find themselves in this situation and in need of growth funds to take advantage of the recovery.

Types of funding that are available in this situation include:

• Trade Finance to finance the importation of goods needed to fulfil orders
• Stock Finance to make certain they can meet increased demand
• Invoice discounting & Factoring to finance increasing debtor ledgers, and this also includes single/selective invoice discounting for those that do not want to sign up for more than the occasional invoice
• Turnaround Angel Funding to bring in new capital and ideas
• Sale and leaseback of existing plant and machinery to fund new equipment and add to working capital
• Debt Crowdfunding to fund growth and asset purchase

Smaller manufacturers planning to Invest

The UK’s smaller manufacturers are planning to boost investment in the coming year, according to the CBI’s latest SME Trends Survey.

The survey of 335 small and medium-sized manufacturers revealed that total orders and the volume of output increased in the three months to January. Domestic orders rose, while export orders fell. However, in the coming quarter domestic and export orders are both expected to grow more strongly and production is set to rise again.

Stephen Gifford, CBI Director of Economics, said:

"As the recovery takes hold, the investment cycle is starting to turn.

It’s encouraging to see smaller manufacturers planning to boost investment, particularly in their plant, machinery and buildings.

Orders and output continued to grow at a healthy pace, although not as fast as predicted. However, firms remain optimistic about prospects, with growth in orders and production expected to accelerate."

Key findings – three months to January

• 37% of firms reported an increase in total new orders and 23% said they decreased, giving a balance of +14%
• 34% of firms reported an increase in domestic orders and 26% said they decreased, giving a balance of +8%, a slower pace of growth than in the previous survey (+20%)
• 23% of firms said export orders increased and 30% said export orders fell, giving a balance of -7%
• 30% of firms said output increased and 24% said output decreased, giving an overall balance of (+6%),
• Optimism continued to rise for the third consecutive quarter: 34% of respondents said they were more optimistic than three months ago and 13% said they were less optimistic giving a balance of +21
• Manufacturers’ investment intentions have improved significantly further on the previous quarter, with plans to spend on buildings (+14%) at their strongest since the data began in October 1988 and plant and machinery investment intentions (+14%) at their strongest since July 1995
• Average unit costs were flat on the quarter (0%), the lowest result since 2000 and are expected to rise modestly in the coming quarter (+8%)

New Incubation Service for Media, Technology & Design

Ravensbourne's Incubation service is now open to applications from London-based media, technology and design businesses that show growth potential.

Business Incubation by Ravensbourne offers a platform for small creative digital businesses to develop and grow by providing access for up to 12 months to facilities, business development opportunities and access to our vast knowledge base. This is available for free due to funding from the European Regional Development fund.

Business Incubation by Ravensbourne has already supported more than 100 creative technology companies spanning transmedia, music technology, software development, graphic and web design, UX, architecture, TV and film production, product design and fashion.

The deadline for applications to be received is February 10th.

Full details are available here: http://dmic.org.uk/incubation/