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Businesses 'can access equity funding, debt funding and grants'

Date Added: 10/05/2011  

Firms have been told of the other options that are available to them if they are unable to access business lending.

John Courtney, chairman of Strategy Consulting Limited, explained that the three main strands are equity funding, debt funding and grants - but informed company bosses they need to think carefully about each route before deciding which one to go down.

He explained that he is a firm believer in having a short-term plan for the development of a business, as well as a vision of where it needs to be in the future.

Mr Courtney pointed out that an investor does not necessarily want to read through reams of paper in order to get an idea of what a company is all about.

"They want to get a quick flavour of the business and the most important thing is not so much the size of the plan itself, but actually the executive summary," he noted.

Shazia Awan, who launched her own company Peachy Pink, recently told the Western Mail she could not access business lending, despite a "comprehensive" plan.

Posted by Julie Cutts 

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