Access to finance is a hotly discussed topic. On 26 February, a report found the 69 per cent of would-be entrepreneurs are prevented from launching their business ideas due to financial problems.
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Workspace customers will have access to appropriate finance options based on their needs through Informed Funding, and Club Workspace clients – entrepreneurs and startups using co-working business clubs across London – will also secure platform access.
Chris Dines, CEO and founder of Informed Funding, said: “Business finance is not just evolving, it’s going through a period of revolution – and the danger is that the target customer gets left behind.
“Informed Funding is looking to address this growing knowledge gap, in a way that helps both businesses and those looking to finance them. Our launch event is testament to this with the range of informative and engaging sessions we have planned.”
The launch comes as Informed Funding and Workspace quoted research that one million SMEs in the UK are looking for funding, though 87.5 per cent of the British companies said their financial advisers have neglected to mention options such as crowdfunding or P2P lending.
More than 80 funding services have signed up to the launch of Informed Funding including Crowdcube and RateSetter, with equity funding, short and long-term debt and alternative finance among some of the options for businesses looking to secure capital.
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Additionally, Workspace customers will have access to analytical tools via Informed Funding, invites to events and direct contacts for funding providers.
Chris Pieroni, operations director of Workspace, said: “One in two of our customers cite access to funding as the biggest barrier to growth. When we talk with our customers, an area of increasing concern is the lack of impartial information and support surrounding access to finance for new and growing businesses.
“By teaming up with Informed Funding we aim to support our customers by providing them with a service which will help them more efficiently explore their funding options and ultimately support their future business growth and development.”
Image via Shutterstock.
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