It’s been a great year for Creative Industry Finance as we’ve continued supporting the development and growth of creative and cultural enterprises across England.
Through our programme we have delivered more than 1,200 hours of free business advice to 182 creative enterprises and invested over £170,000 in business support ranging from expert-led workshops, webinars and masterclasses to 1:1 advice.
As a result of this support 22 creative enterprises applied and got approved for loan finance totalling over £350,000.
“My advisor offered a new perspective and supported me through hte process of creating a cohesive business plan.” Kate Thornton Design
Over the last financial year we’ve achieved some fantastic results:
- 92% of businesses we have supported have strengthened their business plan
- 88% of individuals that have received advice say they have increased confidence in their business skills
- 85% of businesses we have supported have improved their business strategy
- 83% of businesses have developed a better understanding of their commercial or growth potential
In addition, 2015- 2016 saw us embark on our first ever Creative Enterprise Skills Exchange. With support from The British Council, we partnered with Nairobi based organisation HEVA Fund for international exchange project, enabling cross-border knowledge sharing.
Whilst there, our delegation met with 6 HEVA Fund-supported creative businesses to learn about the challenges and successes of growing a company in Kenya, and to share expertise and knowledge.
We also delivered 6 talks and workshops, attended by 80 individuals over three days, giving first-hand accounts of running a creative business and share skills such as business planning, setting goals and how to increase profits.