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Businesses encouraged to seek finance

Businesses encouraged to seek finance

13 February 2018

Inspirational businesses encouraged others to seek the finance needed to grow at a busy breakfast event in North Lincolnshire.

Held at The Baths Hall in Scunthorpe, access to Government monies through the Northern Powerhouse Investment Fund was explained to the audience.

The event was brought together by North Lincolnshire Council through the Place Marketing Board in partnership with the Humber Local Enterprise Partnership’s Growth Hub and Pepperells Solicitors.

The Leader of North Lincolnshire Council, Cllr Rob Waltham, who introduced the event, said it actively encouraged businesses to think about the good finance.

“It’s not always about conventional funding, as you will hear,” said Cllr Waltham. “The Government has been quite imaginative in the way it has approached supporting businesses.

“There will be challenges post Brexit but there will also be opportunities. It is a case of grabbing those.

“Quite simply, I want more people in employment and more businesses thriving and flourishing in North Lincolnshire.”

Mark Wilcockson, the senior relationship manager at the British Business Bank and Northern Powerhouse Investment Fund, encouraged North Lincolnshire businesses to explore the many funding opportunities available.

The fund has more than £400m to invest, with amounts ranging from £25,000 to £2m.

Businesses in North Lincolnshire had the same opportunities to access that finance as those in our big cities.

In fact, because of its geography, those in Northern Lincolnshire could also access the Midlands Engine Investment Fund, run by the Government-owned British Business Bank as well.

Entrepreneurs Ash Lewis and Sam Latus explained how their businesses, AshTV and Whey Box, had benefitted from the funding.

“We had no business history, just some patented software, but our investors had confidence in what we were trying to achieve,” said Ash, whose firm AshTV is behind video technology for mobile phone.

Lord Haskins, Chair of the Humber Local Enterprise Partnership, which runs the Humber Business Growth Hub, told his inspirational story about growing Northern Foods into a £150-million a year business.

Firms needed Oxygen to grow and the event was about providing that.

“There are huge opportunities in the Humber around the energy estuary – it is down to people like you to take the risks,” he said.

The breakfast meeting marked another significant event for North Lincolnshire’s Place Marketing Board, which launched its business ambassador programme last month. Many were at The Baths Hall event.

For details about the funding, go to the Northern Powerhouse Investment Fund website or from the Humber LEP website

North Lincolnshire’s Ambassador Programme can be contacted at businessinfo@northlincs.gov.uk or call 01724 297330.

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First Published:13 February 2018