Blog
When the banks say no uvestin!
18th February 2009
My contribution starts today
Stuart Greenfield launches new company to invest in Southampton businesses
Today Uvestin plc has been launched by Stuart Greenfield with the aim of initially investing £1million of cash into the Southampton business community.
The money will be invested in return for share holdings in the chosen companies and the successful Southampton business will be picked by a panel of Southampton’s leading business professionals.
Companies interested in the investment opportunity will be asked to present to the uvestin plc panel and decisions will be made within a 30 day period. The goal is to invest in at least 2 businesses per month during 2009/10.
Uvestin plc will be launching a private offering of shares within the next 30 days before floating on the PLUS market later in the year.
Stuart Greenfield said:
Over the last 9 months I have watched, as we all have, the world’s economy take one disastrous blow after another and I now believe the time is right to do something positive and quickly but on a very focused local scale.
He continued:
‘Uvestin plc’s mission statement is: To build regional business prosperity by providing investment and expertise in the community by the community.
A year ago such a business idea would have been a dream but working in partnership with the many business and support agencies in the city and realising that even with positive government incentives money is still not flowing I realised a more entrepreneurial approach is necessary to prevent some incredibly good businesses just running out of cash.
For this reason I call upon all Southampton business owners, high wealth individuals and those in need of funding in the Southampton region to contact me today and take action to ensure we keep Southampton in business.
This is not going to be a cash giveaway and the criteria for investment will be tough but every business will receive an incredible range of support, they will have guidance and help from a team of the regions best business brains and yes the Uvestin team we will be working very closely with them every step of the way.
The success of Uvestin plc will provide a return to all who invest but the bigger opportunity is that as a Southampton businesses or member of the community you get a double wammy ; every successful Southampton business builds the prosperity of the region and that means more jobs and more business – its micro economics at work.
A big incentive for every citizen of Southampton
Uvestin plc will be offering 250,000 free shares to the community of Southampton. These shares will be free to trade on the PLUS market. One share will be offered to each member of the community by simple registration on the Uvestin plc website
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