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Fast InvestFast Invest
The Fast Invest scheme is designed to help young technology companies to bridge the funding and skills gap as they seek to develop their operations. It aims to put businesses on the fast track to growth, turning passion into reality and ambition into results.
Loans from £10-50K are available to give young technology companies the boost they need for lift-off. In order to qualify for the Fast Invest scheme your company must met the following criteria:
- Be a technology company with a turnover not exceeding £5M, based in Yorkshire and Humber region.
- Subject to funding, wish to fast-track the employment of one or more people to accelerate the growth of the business and to achieve defined objectives within that time.
- Have ambitions to grow into a substantial company.
In order to sustain an evergreen fund, and to help future technology companies from the Yorkshire region, the Fast Invest loan will become a debt due to Connect Yorkshire, repayable over 4 years.
Assessment and Selection
Initial assessments will certify your company ready for the Fast Invest treatment. A panel of specialists from the technology sector will then cast their eye over your company's current position and ambitions to ensure that Fast Invest results in real growth.
Recruitment
Consideration of both your current managerial team and company targets will seek to ensure a well matched candidate is selected to turbocharge your company's growth. Connect Yorkshire can assist in the recruitment process, as required.
Tracking
Throughout the 6-12 months of the project you will receive ongoing tracking and support from Connect Yorkshire, leaving no doubt your company will be bigger and better after Fast Invest.
For a case study of how a similar pilot scheme in Warwickshire is already helping companies please click here.
If you are interested in applying for the Fast Invest scheme please contact the Connect Yorkshire team via email or on 0113 3845640.
click here for further information or for an application form.
For companies in the process of developing or perfecting its business plan Connect's Investor Readiness Programme or Fast Forward scheme may better match your needs.