We Could Get By With A Little HLEP From Our Friends


Biz4BizSmaller

We believe we have set a record for "pure" peer-to-peer (P2P) business lending at Money&Co. In the first year of facilitating loans (after months of preparation and we and administrative-system design) we facilitated some £6 million-worth of P2P loans.

We did that without recourse to institutional money (no liquidity came in from family offices, hedge funds, pension or other investment funds). So we really did what we set out to do – we are bring individuals (sometimes wealth individuals, but individuals nevertheless) together with businesses. There may be new entrants into the P2P loan market that have facilitated more loans, but we believe none has managed to do this level of business without institutional support.

HLEP-logo

Not there's anything wrong with institutions. It's no secret that several big players are interested in our sector.

One exciting, but relatively small link-up we can talk about is the connection with the Hertfordshire Local Enterprise Partnership (HLEP) and biz4biz.

HLEP is focused on helping to drive forward sustainable economic growth – with local business, education providers, the third sector and the public sector working together to achieve this. Its aim is aim is "to create the right conditions to "accelerate business-led economic growth in Hertfordshire" and for the county to become a world-leading economy; one of the top three in the country outside London."

Screen shot 2015-07-06 at 12.44.16

A team from Money&Co. went to an early-bird breakfast in Hitchin last week, where Nicola spoke about what we do to members of the bz4biz organisation, founded by HELP director and successful local business man, Adrian Hawkins (picture with Nicola, above).

The biz4Biz organization is a pressure group – seeking to provide "a coherent voice for businesses in Hertfordshire. We aim to influence and shape policymaking and encourage investment in Hertfordshire by engaging with local and central government, relevant public sector bodies and local organisations to promote the county of Hertfordshire as a great place to live and do business."

There were some high-powered business people in the room, and much talk of unlocking funds and borrowers seeking funds for growth. We'll bring you more news when we have it.

M&CLogo

*** Real Engineering is now over 50 per cent of the way to its £376,000 target. The loan is A-rated, and has a current gross indicative yield of 8.6 per cent.

Risk

NB Lending carries risk. Read the warnings on our Home page and in our Frequently Asked Questions.


Tags: biz4biz, HLEP, P2P

FOLLOW MONEY&CO. ON TWITTER

Search news

You may put double quotes around your search to search for literals. Max. 4 words inside quotes (dashed words count as one word).

Allowed symbols: " ' & -

More news

2019
November
October
September
August
July
June
May
April
March
February
January
2018
DecemberNovemberOctoberSeptemberAugust
July
June
May
April
March
February
January
2017
December
November
October
September
August
July
June
May
April
March
February
January
2016
December
November
October
September
August
July
June
May
April
March
February
January
2015
December
November
October
September
August
July
June
May
April
March
February
January
2014
December
November
October
September
August
July
June
MayMarchFebruary

Search blogs

You may put double quotes around your search to search for literals. Max. 4 words inside quotes (dashed words count as one word).

Allowed symbols: " ' & -

More from blogs

2019
2018
2017
2016
NovemberOctoberSeptemberAugustJulyJuneMayMarchFebruaryJanuary
2015
DecemberNovemberSeptemberAugustJulyJuneMayAprilMarchFebruaryJanuary
2014
DecemberNovemberOctoberSeptemberAugustJulyJune



Disclaimer: Money&Co.™ is the trading name of Denmark Square Limited, Company Number 08561817, registered in England & Wales, authorised and regulated by the Financial Conduct Authority (FCA). The company is identified on the Financial Services Register under Reference Number 727325. The registered office is 58 Glentham Road, Barnes, London, SW13 9JJ where the register of Directors may be inspected. Denmark Square Limited (ISA manager reference number Z1932) manages the Money&Co. Innovative Finance ISA.