Eden, Cumbria, The Lake District – A natural choice for business

Financing Small Business Innovation

SMEs in Cumbria are invited to join the Eco-innovation Cumbria programme for a day of networking and innovation.

During this interactive workshop we will be discussing the mechanics of financing your small business’s next big innovation.

What do we mean by innovation?

We like to describe innovation as ‘change that adds value to the company and customer’.

At the workshop you’ll meet finance experts who will be giving helpful information on how to access the sources of finance available to you for whatever your innovation may be, including details on R&D Tax Credit.

By the end of the session you’ll have created an action plan for financing your next business innovation. And you may have made some new business contacts too!

This workshop will help your small business to:

Understand the different forms of funding required to finance innovation
Discover the various finance options available to you
Learn about green finance options for low carbon sectors
Forecast your future financial requirements
Create a plan of action for financing your next innovation

This workshop is for small and medium sized enterprises in Cumbria. It will be fast-paced and interactive, encouraging exciting collaborations between organisations as well as innovative solutions.

Workshop Content

09:00 Registration, introductions

09:45 Introduction to financing innovation

11:00 Coffee break

11:15 Identifying sources of finance

12.30 Lunch & networking opportunity

13:00 Preparing to secure funding for innovation

13:45 R&D Tax Credit

14:00 Action planning for financing future innovations

15:00 Review and close

15:30 Opportunities for Networking

Workshop Facilitator: Frank Allison
Frank Allison is the Managing Director of FIS360 Ltd. which has a successful track record of supporting the commercialisation of early stage technologies and taking them through to a commercial offering, generating funding and returning revenues to a range of clients (including academic institutions, SMEs and large corporates).
Frank has spent over 15 years commercialising early stage technology in Europe, North America and the Middle East. He is passionate about working with entrepreneurs to see them and their technologies achieve commercial reality.

Nigel Holmes FCA CTA, Senior Tax Specialist, Catax
Nigel qualified as a Chartered Accountant in 1994 and as a Chartered Tax Adviser in 1998, with a focus on helping businesses claim Research & Development tax relief. With over 18 years’ experience, and now Senior Tax Specialist at Catax Group, Nigel advises companies how to uncover significant tax relief and tax refunds from their work. He was nominated for Tolley’s Taxation, Tax Writer of the Year Award 2017 and he writes and presents regularly to educate and advise anyone thinking of claiming Research & Development Tax relief and Patent Box Tax relief.
Martin Clark, Investment Manager, Maven Capital Partners UK LLP (Equity Finance)
Based in Maven’s Manchester and Preston offices, Martin is responsible for the Equity Finance investments across Cumbria, Lancashire and North Manchester, for the Northern Powerhouse Investment Fund. Martin joined Maven in March 2017, having previously worked as an Access to Finance Specialist with the Manchester Growth Company. Martin’s previous career was spent mainly in banking with National Westminster Bank and in Business Development within the Asset Based Lending sector. Martin graduated in Economics and Politics from Warwick University, and is an Associate of the Chartered Institute of Bankers.

Maria Ramsdale, Investment Executive, FW Capital (Debt Finance)
Maria is an Investment Executive working on funds in Cumbria. She is based in FW Capital's Penrith office, where she is responsible for identifying and investing in eligible small and medium businesses that require funding from the £102m NPIF Debt Finance Fund, focussing on Cumbria. The fund can make loan and mezzanine investments of between £100,000 and £750,000. With over 20 years’ experience in both personal and commercial banking, she has previously worked as the Commercial Manager and Risk Manager for Lloyds Bank Plc in Cumbria. She has also worked across Lancashire and parts of Cumbria offering Access to Finance for the small and medium-sized business community.

Samuel Etherington, Founder and MD, Aqua Power Technologies Ltd.
Samuel is an industrial designer from the Lake District, brought up in a family engineering business. In 2013, he graduated with a first class degree in industrial design from Brunel University, where he developed a multi-axis wave energy converter for a final year thesis project, which went on to win the James Dyson Award, Best of British Engineering in 2014, and Shell's Future Impact Award. Samuel founded Aqua Power Technologies in 2014 to develop and commercialise a wave power system, and in July 2018 a radically innovative full scale wave energy converter, dubbed MANTA, was deployed off the coast of Shetland for yearlong trials.

Who is eligible to attend?

This workshop is open to small and medium sized businesses (SMEs) in Cumbria that meet ERDF eligibility criteria: fewer than 250 FTE employees and turnover less than 50m euros or balance sheet total less than 43m euros. Under ERDF rules certain sectors are excluded including retail / haulage.

Booking

Please book via the event brite registration page - www.eventbrite.co.uk/e/financing-small-business-innovation-registration-51803825637

Further information

For further information, contact Glyn Griffiths, Eco-Innovation Cumbria Project Manager

glyn.griffiths@cumbria.ac.uk

We look forward to meeting you soon.