Making the right long-term choice
Welsh businesses are finding finance easier to access and more
readily available, according to the FSB’s latest quarterly
Voice of Small Business survey published last week.
Whilst overall economic conditions remain challenging, I hope the
confidence of Welsh SMEs continues to grow and more businesses will
be encouraged to think about their longer-term growth
Newer funding options such as crowd funding
and peer-to-peer lending, as well as more traditional funding
sources such as bank lending and angel investment, will have all
played their part. The broader range of funds Finance Wales
now manages is also an attractive option and means that Finance
Wales can support more Welsh SMEs than ever before.
While greater availability of capital from a
wider range of sources is good news for Welsh SMEs, selecting the
most suitable funder to back long-term growth plans requires
Finance Wales has been backing Welsh SMEs for
over twelve years and we’re currently investing in more Welsh SMEs
than ever before. I hope the business breakfasts we’re
hosting across Wales over the next two weeks will help Welsh SMEs
and their advisers to understand our comprehensive range of funds
and how we can tailor our investments to best suit investee
The right funding package is only one part of
the story when you’re building a strong business.
Understanding your products, key markets and what your competitors
are up to is crucial, but so are issues such as putting the right
management structures and appropriate governance in place.
These will also significantly impact future success as a business
Finance Wales’ business breakfasts will give
us an opportunity to understand businesses’ specific funding
requirements and discuss how we can align our investments with
their plans. We’ll also be able to explain how, as a
long-term backer, Welsh SMEs can benefit from our expertise and
networks as they build their business.