Why we have to bank on private funding to kickstart our economy (UK)

British FlagAnother day another venture capital deal, would be a great phrase to be repeating on these pages but sadly, there’s not much call for it at present.

However, there are a few more deals like the one to the left appearing and with the enthusiasm of funds like Loughshore and forward thinkers like Danny Moore, then there’s every reason to believe VC investments won’t be as much of an exceptional occurrence.

It’s not just venture capital investment that could be benefiting more Northern Ireland companies but financing from all areas of the funding spectrum could find a welcome home on these shores, from private equity to crowd funding.

Of course, part of the reason for the emergence of these alternative financing methods is, in many cases, a result of companies being unable to secure bank funding.

Bankers will tell you that far from being unwilling to lend, they can’t find enough companies to apply for finance and are ready to consider your proposal.

Firms will tell you the banks pull down the shutters to all but the most solid lending case.

Read More at Belfast Telegraph

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