Aycliffe Today Business #1 | Page 5

Bringing Aycliffe Business Park Together | 05 The Work Place… Four years on Crowdfunding to explode Since opening in September 2008, The Work Place at Newton Aycliffe has proved popular with both the business and education sectors, providing conference facilities and learning opportunities. “In partnership with the SORA Group, we’ve established a base at The Work Place which houses two assembly line facilities for people to train, learn and gain that valuable experience required by industry. ” They have welcomed more than 4,000 students to the building over the past four years and have been engaged in a variety of activities including health and social care and design and manufacturing. The Work Place’s newest partner, Darlington College, are attracting young people onto their courses in Catering and Childcare. The Work Place has changed its focus in the last 12 months, and in 2011 welcomed Hartlepool College of FE who are working with Newton Aycliffe companies Husqvarna and Tallents to provide pre-employment training. Skills Centre Manager Tracey said: “It is a great opportunity for many young people to get back into education and realise what they can achieve. ” Paul Marshall from the College said: “Last year Hartlepool College of Further Education trained over 300 customers, most of whom were signposted into direct employment. The Work Place is also a provider of high quality training courses to industry and individuals in First Aid, Health & Safety and Food Safety, while there are also Conference facilities available. “The customers came from Job Centre Plus and Work Programme providers. Clients gained a Level 2 certificate in ‘Preparation for working in the manufacturing and engineering industry’. To make an enquiry, call 01325 375900 or email [email protected] www.twpa.org.uk With Craig Peterson At the start of 2012 there were an estimated 4.8 million businesses in the UK. Within this population, 99.2% (almost all) were small businesses. No wonder, then, that they are viewed as being the ‘lifeblood’ of our economy and the key to socio-economic recovery. This business population is also proving to be highly-adaptive and innovative when it comes to entrepreneurial finance, and many are embracing the new opportunities created by online platforms and social media in relation to business funding. This, coupled with a sociallymotivated, social media savvy public, is creating what can only be described as a ‘boom’ in the Crowdfunding community. Whether you are a service provider, social entrepreneur, angel investor, venture capitalist, or one of the millions of people ready to become a small-scale start-up financier, a new dawn approaches. With estimates for annual Crowdfunding transactions reaching levels in excess of £300 billion for 2013, on the back of £1b and £2b for 2011 and 2012 respectively, I believe Crowdfunding will completely change the landscape for start-up and growth financing and the importance that SMEs will play in this cannot be underestimated. Not having sufficient funds in place is a key factor in business failure rates and Crowdfunding can make a significant contribution to enhanced survival or growth potential. GrowthFunders is a locally-based, online Crowdfunding platform that makes investing in start-ups and growth businesses simple and rewarding. Via our online platform, it introduces investors and entrepreneurs to create mutually beneficial, tax-efficient opportunities while also enabling investors to spread or limit risk. There are a multitude of benefits with ‘the power of the crowd’. Craig Peterson Carlton & Co. Director and GrowthFunders co-founder www.carltonandco.com