Environmental Finance News - 350 PPM Ltd
350 PPM hand picks cutting edge environmental projects to showcase their proposals to its highly regarded environmental investor base
This month we’re looking at what makes a successful startup. UK Government statistics show that 672,890 businesses were set up in the 2018/19 tax year. On average 20% of new businesses fail in their first year and between 50 & 60% are expected to fail within 3 years. So, what is it that separates the wheat from the chaff? According to Investopedia and UK Government statistics, one of the main reasons businesses fail, is they neglect to investigate their market properly. “You have to find an opening or unmet need within a market and then fill it rather than try and push your product or service in”. A good business starts with a solid and realistic business plan. Once written, it is important that it is adhered to and budgets, strategies and targets are met. Other classic reasons for failure include lack of funding, lack of focus and failure to execute a successful sales and marketing plan. The continued focus on green finance , ESG and renewables post Covid is encouraging for us and the businesses we champion.
Top 10 Startup Mistakes
Storelectric have won yet another award for Best Compressed Air Energy Storage Projects Developer 2020 in the European Enterprise Awards run by EU Business News. This is another in the long series of awards their storage technologies and business have won, a measure of the opportunity they provide to investors into their business and/or their first plants.
- On-going Q&A with HMRC on obtaining SEIS / EIS approval.
- Positive discussions with funders for project financing.
- Assessing additional project sites for pipeline development.
- Further due diligence preparation of supporting documentation.
- Submission of grant application to Innovate UK.
Investment & Research
For an overview of 350 PPM’s current projects or sector-specific research from 350 PPM’s in-house research team, request so here: