Barnsley businesses to think creatively about gaining investment

10 July 2013

Crowdfunding, loans and alternative sources of investment to help creative people grow their businesses will be discussed at a free event in Barnsley this month. The ‘Creative Cash’ seminar, organised by Enterprising Barnsley, is to be held on Wednesday July 24th.

It will provide a practical guide to available sources of finance such as government-backed loans and crowdfunding, which is where a large number of investors commit a small amount of capital to collectively support a business venture. Crowdfunding has become increasingly popular since entrepreneurs have been able to use social media to attract growing numbers of small investors.

Tracey Johnson, Enterprising Barnsley’s Creative and Digital Industries Sector Specialist, said: “Creative businesses are rarely short of good ideas and innovative business proposals, but they can often find themselves short of cash to invest in these enterprises.

“Our aim is to help people working in Barnsley’s creative industries to explore some of the different ways to finance their businesses, within the reality of today’s economic climate.

“In many ways, we are working in exciting times with new sources of finance such as crowdfunding already making a real difference to companies of all sizes across the world.”

The event line-up includes a presentation by Creative Industry Finance, an Arts Council initiative which provides loans of between £5,000 and £25,000 to small creative businesses; plus an overview of the Government's Start-Up Loans scheme which will show how these loans may work for new creative businesses.

Business finance consultants Mackenzie Spencer will lead a session on crowdfunding with real case studies of companies who have taken this option – looking at how they did it and what impact this financial support has had on their business.

The Creative Cash event will take place 5.30pm – 9pm on Wednesday July 24th at the Digital Media Centre and is supported by the Creative Industry Finance programme.

The event is free to Barnsley businesses and non-Barnsley businesses may attend providing capacity is available. To register for the event go to http://creativecash-es2.eventbrite.com

The Enterprising Barnsley programme is supported financially by the European Union.  The project has attracted £2,259,511 investment into Barnsley from the European Regional Development Fund as part of Europe’s support for the region’s economic development, through the Yorkshire and Humber ERDF Programme.

The Enterprising Barnsley programme is a partnership between Barnsley Development Agency (BDA) and Barnsley Business and Innovation Centre (BBIC).

 

NOTES TO EDITOR

Contact Tracey Johnson on traceyjohnson@barnsley.gov.uk or 01226 787 520.

The Enterprising Barnsley programme is part financed by the Yorkshire and Humber European Regional Development Fund Programme 2007 to 2013. The Department for Communities and Local Government is the managing authority for the European Regional Development Fund Programme, which is one of the funds established by the European Commission to help local areas stimulate their economic development by investing in projects which will support local businesses and create jobs. For more information visit www.gov.uk/browse/business/funding-debt/european-regional-development-funding

For more information about Enterprising Barnsley go to www.enterprisingbarnsley.co.uk or contact Martin Beasley on 01226 772648 or at martinbeasley@barnsley.gov.uk

Creative Industry Finance is an Arts Council England initiative offering business support and access to finance for creative industry enterprises. This pilot programme is delivered by Creative Sector Services, a community interest company established with support from Arts Council England to provide services and finance-based products that can deliver economic growth, development and other benefits to businesses, not for profit organisation operating within the cultural and creative industries. Creative Sector services takes forward the programmes formerly operated by ArtCo Trading Ltd, including Take it Away and Own Art. For more information contact Bryony Beynon on 0207 759 1114 or bryony@creativeindustryfinance.org.uk

Additional media contact: Steph Pollard at steph@capitalbmedia.co.uk or on 01226 766900/ 0776 196 4492.

 

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