Access to Finance supports 50th business

A pair of deals, with PMH Digital, an e-learning and mentoring consultancy in Lytham St Annes, and My Fish Company, a wholesale seafood supplier in Fleetwood, helped reach the milestone.

In addition to the funding, the 50 Lancashire businesses will also receive a range of support services, business advice and guidance.

Among the groups of finance providers who work closely with Access to Finance are the NW Business Angels, one of UK’s longest established and most successful business angel networks. The Angels’ network has already helped raise more than £22m in funding for over 250 companies across the region.

Some of North Lancashire’s most dynamic early-stage businesses have been given the chance to present to the new group since its launch. These included Oaktec, an engineering research specialist based in Lancaster who develop low carbon vehicle energy technologies; and Morecambe-based Stephenson’s Dairy, the first UK dairy to concentrate on free range milk, and which promotes ethics and a sustainable supply chain.

“This is where we come in - we have a team of experienced and specialist advisors who not only understand the importance of raising finance, but can also advise on how to develop a business proposition to ensure you get the right type of funding, from the right kind of investors, at the right time.” The Access to Finance service is delivered in partnership with Boost; Lancashire's Business Growth Hub, led by the Lancashire LEP (Local Enterprise Partnership) and Lancashire County Council, with funding from the European Regional Development Fund (ERDF).