This summer, HM Treasury intends to implement the doubled Prospectus Directive limit which will give small and medium-sized enterprises (SMEs) the opportunity to access funding of up to 5 million Euros ahead of the European commission deadline of 1 July 2012.
In preparation, Sharemark has announced the launch of a substantial initiative aimed at helping these businesses secure the funding they need to help them develop. The innovative solution will provide SMEs looking to raise between 500,000 and 5 million Euros access to a fundraising channel through which they will be able to gain capital from the retail investor community. Sharemark will coordinate the entire fundraising package from due diligence to the completion of the fundraising process.
In order to provide SMEs who sign up with the most comprehensive package to meet their fundraising needs, Sharemark has enlisted the support of leading experts. Lesmoir-Gordon, Boyle & Co will provide corporate finance expertise; while legal expertise will be provided by Squire Sanders Hammonds. SMEs will also receive access to up to £10m bank debt through Clydesdale Bank under the same due diligence process.
Sharemark will provide the marketplace where investors can find company presentations and offer documents, while investing will take place through The Share Centre and other third party brokers.