Funding

Coronavirus Large Business Interruption Loan Scheme – how it works

The Coronavirus Large Business Interruption Loan Scheme goes live on Monday, April 20 enabling larger businesses affected by Covid-19 to borrow up to £50m through state-backed loans

News

Here are 3 tech start-ups actively fighting coronavirus

Growth Business highlights 3 tech start-ups actively fighting the Covid-19 pandemic that are open for investment to fund further research and development

Venture Capital Funding

Government eyes taking equity stakes in tech start-ups

Treasury considering making convertible loans to start-ups with scheme to be managed by Business Growth Fund

Funding

Tech companies call for emergency loans to be opened up to them

A dozen of Britain’s fast-growth tech companies write to chancellor Rishi Sunak, calling for ways to keep them in business

News

Nine out of 10 growth businesses to close within a year

Investors taking fright during the coronavirus crisis are imperiling the future of Britain’s potential unicorns, says survey

Venture Capital Funding

Venture capitalist calls for £1bn start-up bailout fund

France has launched a £3.5bn bailout fund for tech start-ups, argues VC Public, so why isn’t Britain doing the same?

Venture Capital Funding

IQ Capital growth fund invests in first two companies

Thought Machine and Consirus are first two fast-growth tech businesses to access IQ Capital £100m growth fund

Venture Capital Funding

Angel CoFund plans private fund to boost £100m capacity

Angel CoFund eyes private fund to co-invest Series A money alongside angel investors

Exit Strategies

Don’t scrap entrepreneurs’ relief, argue small firms

Small business asks chancellor Rishi Sunak to not go back on Tory election pledge to reform, not scrap entrepreneurs’ relief

Alternative Finance for Business

Demand for finance from small business flat at best

Big drops in demand for peer-to-peer lending and equity investments in 2019, although figures still coming in

Venture Capital Funding

Three companies raise £50m between them through MMC Scale-Up Fund

MMC Scale-Up Fund has raised £100m from institutions to fund growth for scaling companies, offering EIS investors an exit route

Entrepreneurs

How I’ve grown my business: Mandeep Singh, co-founder Trouva

Mandeep Singh began independent retailer platform Trouva standing on shopkeepers’ doorsteps in the rain, trying to persuade them to sign up. Today, he has almost a thousand shops signed up in a dozen European countries