Organised by the Somerset Chamber of Commerce, the event is part of a national programme of masterclasses being offered by the British Chambers of Commerce and is open to members and non-members alike.
Somerset Chamber CEO, Neil Murphy, explains, “Crowdlending is becoming an increasingly popular route to finance for many businesses, enabling them to raise money through the internet to finance or refinance their activities. It brings together individuals who are looking for a return on their investment with businesses that need finance at a sensible price.
“This masterclass will provide an opportunity for Somerset businesses to learn more about these alternate sources of funding and the great benefits they can bring.”
The event is being delivered in association with crowdlending provider ArchOver, which is the first crowdlending platform to offer secured and insured lending for businesses. It links investors looking for a secure return with businesses wishing to raise working and development capital.
Angus Dent, CEO of ArchOver, said, “Small businesses are the mainstay of the British economy but with banks not always able to meet their capital needs, there is a growing demand for alternative sources of funding. Paul Hill, an Equity Development analyst, has forecast that the Alternative Finance Market is set to smash the £30bn barrier by 2022 and we’re looking forward to helping firms benefit from this new access to capital, without which the UK economy cannot hope to achieve sustained growth.”
The event will take place on Wednesday 11th March at the Cleve Hotel in Wellington. For further details or to book a place, visit the Events section of the Somerset Chamber website, somerset-chamber.co.uk.
The Somerset Chamber of Commerce is one of only five accredited Chambers in the South West and 52 in the whole of the UK. It works closely with the British Chambers of Commerce to make sure Somerset businesses stay well connected at both a local and national level, and that the voices of the Somerset business community are heard at all levels of government.