Glossary
AMSCI | Advanced Manufacturing Supply Chain Initiative |
Asset - Based Funding | A business loan secured by collateral (assets). The loan, or line of credit, is secured by inventory, accounts receivable and/or other balance-sheet assets. Also known as "commercial finance" or "asset-based financing". |
BIS | Business, Innovation and Skills |
CA | Combined Authority |
CORE | Centre for Offshore Renewable Engineering |
DECC | Department of Energy and Climate Change |
DMP | Destination Management Plan |
Equity Funding | The raising of capital through the sale of shares in a business. Equity can be sold to third-party investors with no existing stake in the business. Alternatively, equity financing can be raised solely from existing shareholders, through a rights issue. |
ERDF | European Regional Development Fund |
ESIF | European Structural and Investment Funds |
EU | European Union |
Export / Trade Finance | The financing of international trade/goods. Trade finance includes such activities as lending, issuing letters of credit, factoring, export credit and insurance. |
EZ | Enterprise Zones |
Grants | A financial award given by european, national or local government to an eligible grantee. Government grants are not expected to be repaid by the recipient. |
JESSICA | Joint European Support for Sustainable Investment in City Areas |
LCR | Liverpool City Region |
LEP | Local Enterprise Partnership |
LHP | Liverpool Health Partners |
MCS | Microgeneration Certification Scheme |
Loans / Overdraft | Forms of debt, long term and short term, which are typically taken from bank or other financial institutions. |
Peer to Peer Lending | This is where internet-based platforms are used to match lenders with borrowers. |
RGF | Regional Growth Fund |
SEAP | Sustainable Energy Action Plan |
SME | Small and medium-sized enterprises |