Growth of Digital and Creative Sectors in Liverpool
Liverpool's creative and digital sector to grow further funding streams despite Covid-19 pandemic.
12:33 23 September 2020
Liverpool's creative and digital business leaders are confident that despite the ongoing challenges presented by Covid-19, they will still be able to grow their funding steams.
Matt Latham, co-founder of funding app tickr, is encouraging tech businesses to seek funding both inside and outside Liverpool. He said: "You've got to look far and wide. Budding entrepreneurs should explore all avenues for funding. Due to Covid the investor risk appetite is reduced but if your business is good enough and will be financially viable then there will be funding for it.
Jayne Croft, Corporate Associate at Napthens in Liverpool, added: "Liverpool isn't always on the map for tech - we need to join up more of the pieces spread across the city to help it grow. There's also a need for innovation, the city is very creative and we can certainly build more opportunities across the creative and digital sector.
"As part of the business community, we want to understand how we can help businesses in the city in these challenging times. It is important for tech businesses to get alternative finance. If you're a developer and you've developed an app then the banks may not see anything tangible so it's important to have alternatives.
"We have been doing a lot since the pandemic with the British business banks in the Future Fund and other schemes such as CBILS and Bounce Back Loands. Funding is out there and the Future Fund is aimed specifically at innovative businesses."