“Pension-led funding gives you complete control over your business funding and pension returns without the need for 3rd party investment or management”
This recommendation by Jonathan Davies of Nuyew highlights a key advantage of using your pension to help fund your business… staying in control.
Jonathan’s business, Nuyew primarily provides entry level Vocational Training and associated Career Pathways to people from all backgrounds looking to enter the IT/Tech sector. Prior to launching Nuyew, Jonathan successfully founded and exited his previous business, The Training Room. The Training Room was a multi-sector Vocational Training company which, like Nuyew, also operated in the IT/Tech space.
Jonathan was looking to raise funds in order to increase marketing for Nuyew and complete their FCA lending approval, which will allow the company to grow exponentially. With a strong business plan, experience in the field and a positive forecast turnover, all Jonathan needed was the greenlight to receive funding.
But why Pension-led funding? “I was attracted to PLF as it provided a great way to fund my latest start-up whilst at the same time significantly increasing my pension fund for retirement.”
By choosing Pension-led funding, Jonathan will be able to build his pension whilst providing finance for his business. As the only form of business funding where the return on the finance provided is paid back to the pension, Jonathan is able to stay in control of his business finance and his retirement savings at the same time.
Jonathan reached his funding goal with the help of the Pension-led funding team. “Whilst the process obviously needs to be very rigorous from a compliance and advisory perspective, it was explained to me in great detail and I was helped at every stage.”
“Jonathan was one of the first ‘new’ clients I had the pleasure of assisting during the pandemic.” Said Senior Financial Adviser, Alan Crook. “We originally spoke prior to lockdown and I would normally have met Jonathan face to face at some point during the process…
“However, as events unfolded, we managed to undertake all of the research and implemented the strategy remotely via a combination of calls, electronic recommendation reports and good old-fashioned post! “While Pension-led funding has met Nuyew’s funding requirements for marketing, it has also allowed business to react quickly to the changing landscape caused by the disruption from the pandemic.
“As a Vocational Training Provider and Recruitment Agency, we are about to become very busy helping those impacted by Covid-19 back into work.”
Jonathan is pleased with the control he has over his business funding and this has enabled him to help others during the crisis.
“Pension-led funding enabled us to invest in our infrastructure and marketing to rapidly scale our start-up business and hopefully help as many impacted people as possible.”
You can connect with Jonathan on LinkedIn.
“Clients should not be put off contacting us during COVID-19, as a group we have worked seamlessly throughout this time and in many ways we have managed to work more efficiently with less ‘dead’ time sat on the UK’s motorway network.” – Alan Crook, Senior Financial Adviser