When we speak to businesses about employee ownership, one of the initial barriers to the ownership model that we encounter is the perceived difficulty employee owned companies have in raising finance.
This is one of the reasons that we were so thrilled to learn that on the 16th June, Capital for Colleagues, an organisation with a clear strategy of investing in employee-owned businesses, were successful in winning “Alternative Financing Deal of the Year” at the 2016 Small Cap Awards for their innovative £300k institutional and crowd funding placing completed in 2015. John Eckersley, the Company’s Chief Executive said “We are delighted to receive this award which is recognition of our innovative approach to funding deals for Employee Owned Businesses and we look forward to supporting the growth of this sector in future”.
Capital for Colleagues is a great asset to the employee owned sector, not just because it provides a unique service offering advice, funding and investment opportunities to the existing and aspiring employee owned businesses, but also in paving the way for other financers who have so far largely ignored the sector. The Company has a dedicated team of specialists, with a wide network of contacts and have formed a strong partnership with the Employee Ownership Association.
Postlethwaite are proud to be partnering with Capital for Colleagues for #EODay on 1st July, at out “open house” for coffee and cakes between 9am and 11am. If you are in the area, do please come along and see us, you would be most welcome.