Investment fund launches business support service
PHASE 37, the Yorkshire-based start-up investment fund, has launched a new business improvement service.
The new service is aimed at existing businesses and will comprise of practical results focused fee-based advice for organisations in both recovery or growth mode.
Eventually the business will operate in some or all the following areas – business and financial appraisal, strategy development, innovation, research, marketing and communications, digital, operational improvement and environmental services.
According to Phase 37 founder Simon Clothier the need for such a service has never been higher as the number of business failures reaches record levels.
He believes that there is an untapped demand for a service “firmly rooted” in the reality and practicalities of business.
“Until today support from us was only available to those businesses needing equity investment and hands-on operational intervention,” Mr Clothier added.
For many this remains both appropriate and attractive; for others we were
unable to help. With the launch of Business Improvement Services all that changes; from now on, as we expand our offer, we will be able to help businesses grow in a number of ways and appropriate to their situation and needs.”
Launched last May, Phase 37 specialises in helping new and emerging businesses achieve fast-growth through investment and hands-on management.
Since then it has invested in jewellery business The Precious Monkey Jewellery Company and online recruitment firm Employgo.
Mr Clothier said that the new venture would share the same roots and beliefs as the investment arm.
“We are in advanced discussions with a number of high calibre people and organisations and expect to make a series of announcements over the next 12 months,” he said.
