FundingStore Index brings positive busines newsFundingStore.com has released its FundingStore Index for the first quarter of this year – with the entertainment and media sector leading the way by representing nearly 20% of all funding requests they have received
By: Fundingstore.com Analysing the data from companies who have submitted Funding Requests using FundingStore.com’ Figures for January to March 2011 showed requests for funding ranging from £100,000 to £5million with an average request of £600,000, which represents an increase from the previous average of £388,000. The largest number of requests came from the South East of England with a 52% share ( 25% of which were from London). The busy North West came in second place with 17%.. Overseas funding requests represented 6% of activity, whilst the West Midlands represented just 3% of the requests made. FundingStore.com was founded by Nick Montague, a chartered accountant with almost 30 years advisory experience. He explains: “It’s been interesting to see that although entertainment and media lead the way with 19% of requests, internet-related businesses came a close second with 17%. The other sectors were fairly evenly represented, but there is a definite surge of companies who are developing iPad and smart phone applications. 41% of funding requests came from business start-ups, and we expect this to increase with the current wave of redundancies across the country, but there is significant activity within existing companies too – 28% were in their early stages, 27% were existing businesses where funding was needed for growth or refinancing and 3% were seeking help with acquisitions. Our Canadian site is launching next week and it will be interesting to compare the statistics across the two countries in time.” # # # Greenkey provide Internet marketing services to UK companies and individuals, to increase your online exposure and generate more sales and more leads from the web. End
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