Acceleris and The EISA launch Green Shoots North

The Enterprise Investment Scheme Association (EISA) has launched a North of England branch of its Green Shoots young professionals network.

Green Shoots North is open to young entrepreneurs and professionals working in the small and medium-sized (SME) funding sector in the burgeoning ‘Northern Powerhouse’.

Green Shoots North will provide a forum for members to network, build business relationships and enhance their knowledge of the alternative finance sector through regularly held formal and informal events across the region, from drinks receptions to technical seminars and industry briefings. This builds on the EISA’s links to the region that have been built up following a series of very successful technical seminars in Manchester, Liverpool and Sheffield over the last few years.

Former EISA Director General Sarah Wadham, who established the Green Shoots network in 2015 and spoke at the Green Shoots North launch event held at Veeno, in Manchester, on May 26th, said:

“There is a real sense of entrepreneurialism and innovation in cities such as Manchester, Leeds, Liverpool and Sheffield, as well as in many others. We hope that the launch of Green Shoots North will contribute to that buzz and is a sign of the momentum behind the Northern Powerhouse.

“The North of England accounts for a substantial proportion of financing for SMEs through EIS, which reached a new record of almost £1.7bn in 2014/15. We expect that to increase as the ‘Northern Powerhouse’ concept brings new investment into the region, sees improvements to transport and infrastructure, and more businesses choose to start up and grow here.”

Patrick Molyneux, of corporate finance company Acceleris Capital, who is a founding committee member of Green Shoots North, said:

“There is real demand for a dedicated network for young professionals in our industry based in the North. Establishing Green Shoots North was the natural answer to this need. We’re really pleased by the response of individuals and companies to its launch and particular thanks goes to DWF and CLB Coopers for their sponsorship of our inaugural event.

“We had almost double the numbers we initially anticipated on the night, which indicates the thriving nature of the SME funding sector in the North, and we’re looking forward to our next event and getting to know more industry colleagues and entrepreneurs.”

EISA is the official trade body for the Enterprise Investment Scheme, with members across the UK representing all areas of the EIS and SEIS industry including EIS/SEIS fund managers, lawyers, accountants, tax advisers, corporate financiers, IFAs and wealth managers.

Ends

For media enquiries, contact Dan Judge on 07904 778 661 or dan.judge@bulletin.co.uk

Green Shoots North can be contacted directly via email at greenshootsnorth@eisa.org.uk or by calling Patrick Molyneux on 0161 850 0170

About EISA:

For further information, visit www.eisa.org.uk.

For the dedicated Green Shoots web page, visit http://www.eisa.org.uk/green-shoots/

The EIS Association (EISA) is the official trade body for the Enterprise Investment Scheme. EISA is a highly effective not-for-profit organisation which exists to aid the provision of capital to UK small and medium-sized enterprises (SMEs) through the Enterprise Investment Scheme (EIS) and the Seed Enterprise Investment Scheme (SEIS).  Follow the links for further information about EIS or SEIS.

EISA works closely with HM Treasury, HM Revenue and Customs, Government ministers, MPs and the FCA to enhance the EIS and promote the benefits of the scheme to investors and to companies using EIS/SEIS and their respective advisers.

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