Having spent his career in the wine industry, we spoke to Guy Smith from Smith & Evans vineyard in Somerset to find out why he thinks…
My colleague is excited about Crowdcube presenting at our breakfast event next week – The future of funding for Food and Drink businesses. He has long followed the progress of crowdfunding for businesses and is extremely pleased that one of the main players in the crowdfunding equity sector, and arguably mainstream business finance, is based in this region.
Crowdcube – some facts and figures
As most people already know, Crowdcube is a crowdfunding platform that seeks to help entrepreneurs and small businesses raise much needed finance. Crowdcube is not a reward or debt based platform and in return for their money investors are given an equity stake in the business they’re investing in.
- Since its foundation, the company has expanded to become the largest platform for equity crowdfunding on the market with over £500m invested in pitches
- Some figures taken from their website shows 2017 was a very good year for funding with over 120,000 investments made and a total of £90 million successfully invested in 148 businesses
- The platform also has an international reach with over €8.3 million invested in 23 non-UK based companies
Basic requirements and costs:
|You can apply if||
|Minimum and maximum raise||
More information on how you can obtain funding through Crowdcube can be found at their website.
Equity crowdfunding and the Food and Drink sector
Next week’s breakfast event was prompted by three developments in and/or affecting the local food and drink producers:
- Increased demand for product – including for export
- Cessation of a number of grant schemes – historically a source of expansion funding
- Popularity and accessibility of Crowdfunding to businesses in the sector
Points 2 and 3 have been covered in slightly more detail in a previous blog found here, as was point 1 in another blog found here.To book on to our breakfast event next Tuesday (4 September), details of the event can be found here.