Boost your funding knowledge with new support from our partner Capitalise
Deepen your knowledge and confidence around funding to deliver better support to clients.
Since the start of the coronavirus pandemic, businesses have needed more help than ever accessing capital to support them through what has been unprecedented times. But over the past 15 years, traditional banks have retrenched away from directly supporting those SMEs to where most relationships with turnover under £3m are generally managed in teams centrally or offshore. The days of picking up the phone to your relationship manager who knew and understood your business have gone. An advice gap for SMEs has formed precisely at the point when they need it the most.
At the same time for many businesses, and far from being the full solution, CBILS and BBLS are the stopgaps. Whilst 1.2m SMEs have taken a bounceback loan, the average loan facility of £27,000 (less than a single director’s salary) is not a significant capital cushion for a prolonged economic recession that is further limited by pandemic related restrictions. Additional working capital will be needed if UK SMEs are to once again be the backbone of the UK economy.
Research by the capital advisory platform, Capitalise.com, has shown that when it comes to applying for funding, an SME is four times more likely to be successful when partnering with an accountant rather than going at it alone. Having a deeper understanding of the usually complex funding market enables you to support your clients further and strengthens your relationship. They'll seek your counsel as a trusted adviser.
As an ACCA member, you now have access to Capitalise's CPD certified Learn courses. They will help deepen your knowledge and confidence around funding whilst giving you important insight into how lenders and banks work, putting you in the best position to support clients around their broader needs.
The two courses are:
Core – Here you’ll gain an introduction to funding, the changing role of the bank manager, an overview of the funding market, and insight on compliance and your new role (approx. 1 1/2 hours CPD)
Adviser – Next, you’ll learn how banks approach lending, how to have confident conversations with clients and take a closer look at the different types of funding available (approx. 3 hours CPD)
Each course has its own certification, is designed in bite-sized chunks that can be done in one go or across different sessions and includes a range of documents and links to help support you further.