Finance

Abstract

THE CLIMATE for company finance has changed dramatically in the last few years. A survey carried out in 1971 identified over one hundred institutions who provided “Expansion Capital” to businesses. This Expansion Capital fell into two categories, “Seed Capital” to start a new venture and “Development Capital” to expand an existing business. These institutions included Merchant Banks, Issuing Houses, Clearing Bank subsidiaries and specialist institutions set up to channel funds to industry.

Citation

(1974), "Finance", Industrial Management, Vol. 74 No. 12, pp. 15-23. https://doi.org/10.1108/eb056466