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Access to finance case study - student nannies

Friday 6th September

We can help businesses of all shapes and sizes raise investment or loan finance through advice, workshops and loads of FREE resources.

Read about we helped, a ground breaking business, get off the ground after attending one of our FREE workshops and it helped its funder raise £200k.

Student Nannies is a platform enabling parents to hire intelligent local students for inspiring childcare, and students to find fun, flexible work that fits around their studies. Parents pay students a fair wage and also help with career connections and mentoring.

Like many entrepreneurs seeking growth, Tracey Blake, its Birmingham founder, has certainly ridden the wave of challenge and adversity to grow her business. 

Whilst struggling with cash flow and contemplating whether she could carry on, Tracey attended one of the GBSLEP Investment Readiness workshop programmes. This part of our Access2Finance programme, supported and promoted by The Growth Hub and run in partnership with Midven, a regional venture capital firm, and NatWest. 

These workshops are designed to give entrepreneurs an understanding of business models, financial planning and provide an insight into what investors look for in a business, from an investor's perspective.

With this new-found knowledge in mind, Tracey put herself forward to pitch her business as part of the session. The value of what she provides attracted the attention of another participant who introduced her to a UK investment house. Cue another pitch! 

Several months later the firm invested £200k into Student Nannies, enabling Tracey to focus on executing her long-term growth plans for the business.

Speaking about her experiences and of receiving investment, Tracey said, 'As a female founder I knew it was going to be hard to find investment - but I had no idea how hard or that it would take more than 12 months of pitching. But it's all about resilience and continually putting yourself out there, going to events and talks, and networking - you never know who you are going to meet or who they may connect you to. As my experience proves!'

Useful Contact Information
To find how The Growth Hub can help you find the right funding solution to support your business growth, our Access2Finance portal has a free, searchable list of 45+ finance providers, including loans and equity, with loads of hints and tips and explanations of technical terms and guidance throughout the whole finance raising process.

And to help your business find the right funding solution for you and to access the range of support we provide, contact The Growth Hub for a FREE consultation.

T: 0800 032 3488

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