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Businesses given one-stop chance to secure funding at VentureFest Tees Valley

Mar 20, 2018


Ambitious businesses and entrepreneurs who are seeking funding to grow, are being offered the opportunity to meet with potential investors and lenders as part of VentureFest Tees Valley.

Taking place on Tuesday 22 May at Wynyard Hall, VentureFest is a celebration of innovation on Teesside. The bustling day will be packed with a programme of inspirational keynotes, workshops and a unique chance for growing businesses and entrepreneurs to secure funding through FinanceCamp.

Matched to the needs of individual businesses, a series of ten-minute one-to-one meetings with investors and lenders enables businesses at all stages of growth - large and small, well established and newly launched, commercial and non-profit making - to access the funding they need.

Gary Giles, founder of Teesside-based OGEL who have prototyped an innovative new building method, said: “FinanceCamp gave us the tools and support we needed to assess our next steps for business growth, opening up a new network of contacts and allowing us to properly understand investor expectations. Since then, we’ve been able to take stock and strategically unpick our next steps to seek the right funding for us. I’d absolutely recommend businesses attend, whether they are actively looking for investment or confused as to what the best funding options are for them, the event is a must.”

There will be a spectrum of active investors from outside the Tees Valley area, as well as those from within the region, alongside lenders; making FinanceCamp a true one-stop opportunity for businesses to find the funding solution that works for them.

Simon Green, Director at VentureFest Tees Velley, said: “Over the last few years we have seen some impressive ideas come out of the region. It isn't always easy though for these ideas to secure finance. FinanceCamp is a key element of VentureFest Tees Valley, designed to simplify what can be a complex process for growing businesses to secure the funding they need. We look carefully at each business who registers to match them with the investors and lenders most suited to the type of finance they’re seeking, maximising their chances of securing funding. I’d urge any business or entrepreneur looking to grow their operation, launch a new product or expand to attend VentureFest Tees Valley and register for FinanceCamp.”

Businesses of any size or sector can apply to take part - whether they’re an entrepreneur looking for a £1,000 start-up loan or an established business searching for millions of pounds for growth. Register online (www.VentureFest.tv) to take part in FinanceCamp as part of VentureFest Tees Valley and answer ‘yes’ to the question, ‘are you seeking funding?’

Working with funding experts from Ward Hadaway and UNW, and as part of the FinanceCamp investor readiness programme, businesses will also be offered a range of support designed to provide investor insight and help with preparing and perfecting their business pitch ahead of the main event.

VentureFest Tees Valley's founding partners are Innovate Tees Valley, Tees Valley Combined Authority and the Knowledge Transfer Network. It receives funding from the £6.5m Innovate Tees Valley programme, led by Teesside University with partners NEPIC, the Materials Processing Institute and Digital City and is part-funded by the European Regional Development Fund.

Media Contact:

Shelley Armstrong

About VentureFest Network:

The first VentureFest was set up in Oxford in 1999, borne out of a conversation between Lord Sainsbury and Professor Peter Johnson about the market failure involved in those with ideas needing investment who were failing to find those with money seeking great new innovations as investment opportunities.

With vital financial support from Lord Sainsbury until 2013 VentureFests were also set up in Yorkshire (since 2003) and Bristol (2011) with Wales and the North East initiating their own events in 2013. During 2011 the Technology Strategy Board (now Innovate UK) considered how it could amplify its work in accelerating the translation of innovation and technology into increased economic growth. Based on the existing VentureFest brand, they commissioned a feasibility study in 2013, to assess the idea of establishing a network of local VentureFest style events that would operate as a UK-wide network, designed to achieve the same ends as Innovate UK by sharing best practice, facilitating linkages between national and local levels and using shared VentureFest branding to benefit all the organisations involved.

As a result Innovate UK became an anchor sponsor of the VentureFest Network, which would operate as part of the Knowledge Transfer Network (KTN Ltd) to deliver a network of VentureFest events across the UK. Each event shares a common brand and format but recognises and embraces the various regional identities. England European Regional Development Fund Innovate Tees Valley is receiving up to £3.8million of funding from the England European Regional Development Fund as part of the European Structural and Investment Funds Growth Programme 2014-2020.

The Department for Communities and Local Government (and in London the intermediate body Greater London Authority) is the Managing Authority for European Regional Development Fund. Established by the European Union, the European Regional Development Fund helps local areas stimulate their economic development by investing in projects which will support innovation, businesses, create jobs and local community regenerations.

For more information visit https://www.gov.uk/european-growth-funding.