Archive for August, 2009

Government contracts for entrepreneurs!

August 18, 2009

There are at least two reasons why you might visit  , the only official government lower-value contract opportunity portal, created specifically to provide businesses with visibility and access to smaller public sector contract opportunities.

First, if you’re an aspiring entrepreneur but are lacking that spark of an idea, has 1,866 service classifications that you can browse through, and which could give you inspiration for your new business.

But if your business is already established and you take the time to register as a supplier, you can get free contract alerts in a region of your choice as well as gain access to UK-wide contracts through the online search function. For a small cost, you can upgrade to get alerts in a wider geographic area.

So if you haven’t already visited the website, make sure you take a look at this route to winning potentially lucrative Government contracts.


Enterprise Finance Guarantee Scheme- Where’s the red pen?

August 6, 2009

Under the current arrangements, funding for entrepreneurs and growth businesses under the Government’s Enterprise Finance Guarantee (EFG) Scheme is going to be limited. It’s time to broaden the criteria to make this a leading form of lending rather than an also ran. 

Nobody want loans to be made to businesses that aren’t viable, but subject only to this, the significant barriers to entry need to be removed. In particular, the existence of any personal assets is a major problem.

Lenders say that the scheme is gathering pace, but admit that it is not aimed at the majority of businesses. In addition, in many cases, they are requesting personal guarantees, a further disincentive and risk to hard-pressed entrepreneurs. 

So if, as we are told, the banks still aren’t lending, why not take a red pen to many of the conditions and open the scheme up to those deserving and viable businesses that simply can’t tick all the boxes?