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Chinese crowdfunding for Yorkshire businesses

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At Clarion, we’re only too aware that for us as a business and for many of our clients, overseas markets offer huge potential for expansion.

With a growing number of international transactions, including those between the UK and China, we were particularly pleased to be involved in a high profile trade exchange organised by ConnectChina and the Leeds City Region Enterprise Partnership.  

On 7th April, we hosted the Guiyang crowdfunding delegation comprising about 25 senior officials with interests in crowdfunding and big data who came to learn more about the leading expertise that the Leeds City Region can offer.  They were joined by delegates from across the region with interests in this sector.

Clarion is very active in alternative business funding and we have been involved in crowd funding for four years both in terms of supporting our clients with funding and working more strategically at a government level with the former Technology Strategy Board, looking at new crowd funding models.   We also have one of the leading mid-market corporate finance teams and are always keen to bring together companies looking for funding with those offering alternative sources of finance.  Clarion also has a focus on Big Data and works with many of the leading businesses in the region.

The visit of the Guiyang delegation, led by Vice Mayor Wang, included a welcome meeting with Lord Mayor of Leeds Councillor Judith Chapman as well as introductions to key representatives from UKTI and Leeds City Region.  Mr Liu Wenxian, chairman of Guiyang Crowdfunding Finance Exchange, and Mr Li Zizheng, general manager of ZY Crowdfunding Industrial Park, gave brief presentations on their leading global focus on crowdfunding; and Barry James from The Crowd Funding Centre provided a more local perspective.           

There were also a number of presentations from regional firms looking for funding including Steve Roberts, director and co-founder of Fripp Design and Research;  Achille Traore, CEO of TopScreenMedia; Sally Benson, CEO and founder of Dignity Wear Ltd; and Peter Stubbs, CEO of Chromasol Ltd.

Daniel Rakjumar, CEO of White Label Crowdfunding, provided an introduction to Leeds Crowdfunding development; followed by Kylie Greef, compliance manager of rebuildingsociety.com, who discussed Leeds Crowdfunding industry and its risk control system.

The Chinese delegation recognised that Leeds is second only to London in terms of its strength in financial and professional services with an increasing focus on Fintech. From a Big Data perspective, there are massive regional strengths in health informatics with businesses such as EMIS, TPP and Medisoft leading the way nationally. Increasingly, the importance of Big Data in the retail, financial and built environment sectors is recognised.  These are all sectors in which we have expertise and about which we regularly run seminars – if you’d like to be updated about our forthcoming events, contact jenny.rennocks@clarionsolicitors.com. 

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