Last week Scaleup North East hosted a VIP webinar aimed at providing business owners on the programme with the latest information on raising finance during and after the COVID crisis. 

The webinar was facilitated by Chris McCourt of Armstrong Watson and John Cordrey from Foresight Group.

Key topics addressed within the session included the available range of financing options including VCT and Private Equity investment as well as investigating the effect COVID may have on valuations across different sectors.

Chris, provided valuable insight into the various funding options available to business but also the importance of engaging with Corporate Finance professionals to help navigate and speed up the process. 

An experienced Corporate Finance Partner at Armstrong Watson, Chris said, ‘Understanding the range of finance options available, and how to access different types of finance is a challenge faced by many business owners who are trying to grow their business. Armstrong Watson are pleased to have been able to support Scaleup North East in providing some insight to the options available and how working with an experienced adviser can support that process’.

Throughout the webinar John gave an investor's perspective into those prevailing conditions, set out what investors look for, how to get investment ready and how a typical investment process might play out. 

John who is the Senior Investment Manager at Foresight Group said: ‘Foresight remain very much open for business and are committed to providing growth capital and equity release options regionally. We are proud to work with The Scaleup North East programme and local advisors in supporting businesses through webinars and potentially funding’

During the webinar participants engaged in a lively Q&A session to take advantage of the direct access to an active investment group, providing much food for thought as they further developed growth strategies.

The VIP event was fully booked in a matter of days highlighting an appetite for such services within the region. Due to the success of the event further webinars centred around finance are currently being planned. 

Craig Huntingdon, Scaleup Partner, Scaleup North East: ‘The Scaleup North East programme often engages with business owners who have huge ambition for growth but not necessarily the knowledge of all financing options, especially VCT and Private Equity. This webinar provided owners with real insight into funding for rapid growth’.

RTC North is delivering Scaleup North East in conjunction with the North East Local Enterprise Partnership (LEP) and is part-funded by the European Regional Development Fund (ERDF). The programme is aimed at supporting North East-based businesses that can demonstrate both the hunger and the potential to achieve high levels of growth. Click here for more info.