France, AXA Private Equity takes an equity stake in Aviccia
UNIDO launches projects worth US$9m, benefiting industry in India
UK, PremierEnvoy join One Central Park in Manchester
UK, Support for SMEs to cut Energy Costs
The Carbon Trust will launch a new programme – The Big Business Refit – in order to help thousands of small and medium sized businesses drive down their energy costs, a statement reveals.
The Big Business Refit will offer SMEs expert advice and financial support to cut energy costs by scrapping old inefficient equipment and replacing it with new energy efficient models.
With a total of £100m in loans available, the Big Business Refit is expected to help up to 3,000 UK SMEs save a total of £40m.
Due to a recession-driven surge in demand for the Carbon Trust’s interest-free business loans, in the first six months of 2009, hundreds of SMEs have been given support to equip their businesses with the latest energy-saving technology.
Britain’s recovery set to start from a very weak position, says Chief Economist at BCC
According to ONS, output of the production industries fell by 0.6 % compared with a fall of 5.1 % in the previous quarter, with output of manufacturing industries falling by 0.2 % compared with a fall of 5.5 % in the previous quarter.
USA, Grants to improve access to 2 Industrial Parks
USA, iWalk receives a $20m Series B Round Financing
Milan, Venture Training Contest for Space Startups
Berkeley, free event about Start Up
A free event about startups will take place on October 24th at the Wheeler Auditorium, UC Berkeley.
The event, which is sponsored by Berkeley CSUA, St@b, BASES and Y Combinator, is aimed at people who are thinking about starting up a business or businessmen who already started it.
During the day, experts such as Facebook’s founder Mark Zuckerberg and GMail’s creator Paul Buchheit will speak about startups from their own experience.
The Application Deadline is October 1st and the acceptance notice will be issued by October 8th.
For further information, visit the event’s website: http://startupschool.org/index.html
FinSMEs
28/08/2009
USA, New Contest for Inspiring Small Businesses Launched
FinSMEs
28/08/2009
USA, Menlo Ventures leads $5m investment in MOG
USA, Balihoo secures a $7m financing
USA, OneRiot secures a $7m financing
India will double the flow of credit to MSMEs in five years, PM says
UK, Business Investment 10.4% down in second quarter 2009
Commenting on data, David Kern, Chief Economist at the British Chambers of Commerce (BCC), was reported as saying: “The further sharp decline in business investment signals serious threats to Britain’s long-term recovery. In the face of weak demand and mounting financial pressure, businesses have little choice but to cut investment and stock.
“Unless this trend can be reversed, the long-term productive capacity of the economy will be damaged, and the country will lack the necessary capital stock to sustain a recovery. This must be kept in mind when the government plans a fiscal strategy to repair the public finances. It is critical not to impair the business sector’s ability to invest and create wealth”.
Declines in business investment occurred in most industries, with the quarterly fall in business investment mainly due to reduced capital spending by industries classified as private sector manufacturing (down 16.8%), private sector non-manufacturing (down 9.7%) and public corporations non-manufacturing (down 7.2%).
FinSMEs
27/08/2009