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Follow on Google News | UK FundingStore Index Q2 2011 – Technology companies lead the wayThe UK FundingStore.com Index for the second quarter of 2011 clearly indicates the trends we see in our everyday lives – internet related technology and services are dominating much of the entrepreneurial activity.
By: Issued by Claire Low, for FundingStore.com The busy South East Figures for April to June 2011 showed requests for funding ranging from £100,000 to £5million with typical requests falling into the £300k to £600k range. Once again the South East and London represent the majority, with a 52% share ( including 22% from Greater London). The North West maintains its second place with almost 20% FundingStore.com was founded by Nick Montague, a chartered accountant and business development advisor . He explains: “Almost one in every three requests submitted is internet related, we are seeing many smartphone and iPad apps, plus some exciting new technology companies. There is also a clear rise in online service and retail businesses – which corresponds with recent announcements highlighting the increased level of activity from newly registered eBay traders across the UK.” “But this level of activity can be a double edged sword. There is fierce competition to raise funding, and if your business proposition requires a large amount of finance or it will take considerable time before it generates revenue (let alone profit) then it is likely to be tough, unless you’ve created a “killer” app.” visit http://www.fundingstore.com End
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