All Press Releases for February 12, 2009

Venture Finance Rallies Support for Accountancy Skills in Rwanda

Premier Invoice Finance and Asset Based Lender Venture Finance, who this month celebrate their 20th anniversary, is proud to announce its support for employee Glyn Edbrooke, who is due to embark on a three-month charity sabbatical in Rwanda.

    HAYWARDS HEATH, WEST SUSSEX, February 12, 2009 /24-7PressRelease/ -- In February, Management Accountant Glyn will be flying to Africa to work on behalf of Children's Care and Protection in Rwanda (CCPRWA), teaching local community members basic accountancy skills.

The team at Venture has rallied around in support of Glyn's journey. Over the last few months the company has raised funds on dress down donations and prize raffles. So far the money raised will pay for two students to attend a two-year course at school and one month's breakfast for pre-school children. In addition, Venture Finance will be covering the cost of Glyn's insurance for the trip.

Glyn Edbrooke said: "Having already spent a couple of weeks in Rwanda it's clear that there is no shortage of ability among Rwandans, but it's the lack of expert knowledge and guidance that can hold them back. Knowing that I have Venture's full support behind me has been wonderful and I hope that I can bring back a number of new skills, to my current role."

Peter Ewen, Managing Director, Venture Finance said: "We're really pleased and excited for Glyn. This is a valuable experience to embark on and Venture is delighted to help where we can. We are more than confident that Glyn will deliver the skills and training that the community in Rwanda needs, as well as come back with something to teach us too!"

CCPRWA provides support, care and education to underprivileged children of all ages in the region. Glyn was introduced to CCPRWA and the opportunity through 2Way Development, an organisation that tailor-makes volunteer placements to match skills to the needs of the charities.

Katherine Tubb, Managing Director 2Way Development said: "Many of our partner charities have a genuine need for the skills that UK professionals can offer to communities. Glyn will be able to share his expert knowledge with a local organisation that can use his skills in a very direct way. Good accountancy skills are essential for most businesses and charities we work with. I'm certain Glyn will find the whole experience equally rewarding and we are delighted that he will have the opportunity to share some of his knowledge in such a positive way."

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About Venture Finance -
Venture Finance is a premier independent Invoice and Asset Based financier, providing creative funding solutions for businesses from start-up to a turnover of GBP 150 million.

Venture handles over GBP 3.5 billions in client invoices per year and is twice winner of Credit Today's Factor & Discounter of the Year award in 2005 and 2006. Core services are Factoring and Invoice Discounting, which use the value of outstanding invoices and other assets to release ongoing working capital back into a business.

Venture also has one of the widest range of services in the independent sector, so is able to help companies looking to manage cashflow, fund business opportunities, purchase new machinery, merge with or acquire a new business or expand their operations.

Venture was the first financier to offer an Online Factoring service, called Venture Factors Direct. This combines the benefits of a traditional invoice finance facility with the UK's fastest approval process and a saving of up to 43 per cent.

Venture Finance was also the first independent financier authorised as a 'lender' of the Government's Small Firms Loan Guarantee Scheme by the Department for Business, Enterprise and Regulatory Reform (BERR) and has lent over GBP 16m to clients through the scheme.

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