|
Financial support for SMEs |
|
Irwin Grayson Associates undertakes
feasibility studies and assists with implementation of loan and equity
schemes |
|
Whilst at Project North East, David Irwin
established one of the UK's first non bank loan funds and assited others
to establish similar funds both in teh UK and internationally. |
|
Whilst Chief Executive of the Small
Business Service, David Irwin had overall responsibility for a number of
finance mechanisms targeting small and medium sized enterprises. These
included the Small Firms Loan Guarantee Scheme and SMART, a grant scheme
designed to support technological product development. In addition, SBS
provided £20m to launch a high tech venture capital fund levering £106m
from other sources; it provided £50m to launch nine regional
venture capital funds, levering £66m from Barclays Bank and EUR86
from the European Investment Fund as well as around £85m from local
sources. Irwin persuaded the Treasury to provide an additional £50m
to establish early stage funds - designed to fill the gap for equity in
the range of £20-100,000. Through the Phoenix Fund, SBS provided £20m
to support Community Development Finance Institutions. Irwin persuaded
the Treasury that SBS should be responsible for assessing CDFIs to
determine whether they should be eligible for Community Investment Tax
Credit. And Irwin encouraged the formation of the Community Development
Finance Association. |
|
Northern Film +
Media |
TBR Economics,
Olsberg | SPI |
UK |
2005 |
|
North East Community Banking Partnership |
Sustainable Cities Research Institute,Northumbria
University |
UK |
2005 |
|
ONE NorthEast |
TBR Economics |
UK |
2004 |
