In association with the Federation of Small Businesses.
Micro-businesses employing fewer than 9 people account for the vast majority of businesses in Wales – 193,010 in 2011, or 94.5 per cent. Yet these businesses – the main growth engine of the Welsh economy – are experiencing severe problems in obtaining finance from conventional banks. Even where they are successful they often have to pay over the odds for investment funds. This conference asks whether the model we have for channelling resources to micro businesses is appropriate. Are there alternatives sources of finance and better methods of distribution available to us? Are their lessons to be learnt from other countries, especially Germany and the USA? The conference will examine the role of asset-backed finance, peer-to-peer lending, business angels and community development finance institutions. It will also provide case studies of businesses which have faced and overcome problems in the various micro-finance sectors. How can more micro-businesses benefit?