Mid-market Member views
Sarah Naghshineh Managing Director RCP Parking
at around five years asks us to take on refinancing risk that sits uneasily with a genuinely long-term approach. So, it was encouraging to see the Government’s recent announcement extending the Growth Guarantee Scheme’s maximum loan term to ten years. It’s a genuine step towards capital that thinks the way we do – supporting long-term family businesses to unlock growth.
Anyone who runs a family business knows we work to a different rhythm. We think about the next generation, not just the next quarter. That long view is our great strength, and it’s exactly why these businesses are worth backing. The recent FBUK and ScaleUp Institute research puts real weight behind it. Mid-market and scaling family firms add more than £140 billion to the economy and employ over 900,000 people,
and one in four of every visibly scaling business in the country is a family business. We are woven into the fabric of regional Britain. The challenge has been that the finance available hasn’t always matched how we operate. When we spoke with the Department for Business and Trade, my point was simple: we can raise debt against our operating business readily enough, but a repayment term capped
Sarah and RCP founder Shapoor Naghshineh with Paul Sinha (right) and Gary Carr from Emperia Ltd (left)
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