Ellen O'Hara - Cockpit Arts
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Ellen O’Hara Cockpit Arts’ Business Growth Loan Scheme Nice idea, or nice little earner? HELLO!
description
Head of Business Development Ellen O'Hara explains Cockpit Arts' Business Growth Loan Scheme.
Transcript of Ellen O'Hara - Cockpit Arts
Ellen O’Hara
Cockpit Arts’Business GrowthLoan Scheme
Nice idea, or nice little earner?
HELLO!
£160k foundation investment
£100k loan fund
Limited to Cockpit studio holders
Esmée Fairbairn Foundation
BACKGROUND
TERMS & RETURNS
Up to £10,000
6% over 12, 24 or 36 months
Zero default rate
Top 10%
Evidence base
PROCESS & PROFILE
First 12 months
By referral or self selection
£20k-£30K turnover
Vision & willingness to grow
Scalable potential
Pre-application business strategy & planning
Independent loans panel feedback
On-going coaching, progress and review
Action learning network
INCUBATION
IMPACT
28% increase in turnover
75% increase in profits
High of £250k, average £65K
Seed funding
Shift in mindset
THANK YOU
www.cockpitarts.com
QUESTIONS?
Thank you
www.cockpitarts.com
