What are the timescales to investment?
A typical process and timescale prior to investment is as follows: • Initial Contact (Weeks 0-1) Initial contact may be made via your business adviser or by telephoning us directly. Typically after the initial enquiry you will send us a business plan. • Assessment (Weeks 1-3) If your business plan and application meets our criteria we will arrange a meeting with you and / or your business adviser. We will undertake initial due diligence. • Negotiating an investment (Weeks 3-5) If we wish to proceed we will provide you with details of the terms of a possible investment. If you agree with these terms we will seek approval for an investment from our investment committee. • Formal Offer Letter (Weeks 5-6) If the investment is approved we will make you a formal offer. This will be subject to various terms and conditions that need to be satisfied prior to completion. We will ask you also to complete an investment questionnaire which , in due course, will form part of the legal documentation.
