Try a softer centre
Article Abstract:
British Coal Enterprise (BCE) and British Steel (Industry), BS(I), have come to be known as providers of 'soft money.' Compared to other firms comprising the UK's venture capital market, the two companies have more lax and altruistic lending policies. BCE started offering 'soft loans' in 1984 to help generate work in depressed mining areas. The firm has since gained 420 clients and has invested more than 15 million pounds sterling in small businesses. BS(I), on the other hand, was established in the late 1970s to provide financial assistance to 'travel-to-work' towns hosting steel plants. The company has expanded its client base to include businesses from other industries. In 1992, it invested more than one million pounds and expects to invest the same amount in 1993.
Publication Name: The Accountant's Magazine
Subject: Business
ISSN: 0001-4761
Year: 1993
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Flocking away in droves
Article Abstract:
European venture capitalists are being very cautious in investing in high techology sectors, as evidenced by the puny 551 million pounds sterling invested in the field in 1991. Obtaining financing for biotechnology ventures in the UK is particularly difficult. In 1991, only 15 million pounds were reported to have been invested in the biotechology sector. One company that succeeded in bucking this trend is Scotland-based Pharmaceutical Proteins Ltd (PPL). The company, renowned for creating the transgenic sheep, has just raised six million pounds which is more than twice as much as its original target of 2.5 million. Ron James, PPL's managing director, offers some advice to other firms trying to raise capital.
Publication Name: The Accountant's Magazine
Subject: Business
ISSN: 0001-4761
Year: 1992
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