natgillin/translations-raw huggingface dataset:
It will bring together SMEs, service providers and investors to make it easier for companies to raise money by creating a practical forum for issuing and exchanging new shares.
Povezal bo MSP-je, izvajalce storitev in vlagatelje, da bi tako gospodarskim družbam olajšal zbiranje denarja z vzpostavitvijo praktičnega foruma za izdajanje in izmenjavo novih delnic.
Investbx will also provide and facilitate the provision of services at market rates to SMEs to enhance their ability to raise funds.
Investbx bo tudi zagotavljal in olajševal izvajanje storitev MSP-jem po tržnih cenah, da bi se povečala njihova sposobnost zbiranja sredstev.
The measure intends to overcome the market failure for provision of equity financing between GBP 0,5 million and GBP 2.0 million for SMEs in the West Midlands.
Namen ukrepa je premagati tržno pomanjkljivost z zagotavljanjem financiranja lastniških sredstev v višini od 0,5 do 2,0 milijona GBP za MSP-je v regiji West Midlands.
The UK authorities declared that the ceiling for fundraising will be GBP 2 million per annum during the initial five-year stage in order to focus the measure tightly on combating the market failure in SME fund raising.
Organi Združenega kraljestva so izjavili, da bo zgornja meja zbiranja sredstev znašala 2 milijona GBP letno v začetni petletni fazi, da bi se ukrep osredotočil na odpravljanje tržne pomanjkljivosti pri zbiranju sredstev MPS-jev.
They are concerned, however, that the market failure is changing over time as private equity is increasingly drawn to bigger scale projects.
Skrbi pa jih dejstvo, da se tržna pomanjkljivost sčasoma spreminja, ker se zasebni lastniški kapital vse bolj pretaka v projekte večjega obsega.
The CBI report estimates the market failure between GBP 0,25 million and GBP 3 million.
Poročilo združenja britanske industrije ocenjuje tržno pomanjkljivost v višini med 0,25 in 3 milijoni GPB.
A GBP 2 million ceiling might therefore, according to the UK authorities, create real barriers to the success over time of the Investbx project, excluding certain SMEs which may require a higher level of investment.
Zgornja meja v višini 2 milijonov GBP bi zato lahko po mnenju organov Združenega kraljestva sčasoma ustvarila resnične ovire za uspeh projekta Investbx, saj bi izključila določene MSP-je, ki bi morda potrebovali višjo raven naložb.
If this proves to be the case, AWM will gather the evidence and notify an amendment to the Commission asking for the ceiling to be raised.
Če se bo izkazalo, da je tako, bo AWM zbral dokaze in spremembo sporočil Komisiji ter jo prosil za povišanje zgornje meje.
Investbx aims at providing a bridge between private investors, including business angels and venture capitalists, to whom it will provide an additional exit opportunity, and more senior established markets.
Cilj Investbxa je zagotoviti povezavo med zasebnimi vlagatelji, vključno s poslovnimi angeli in imetniki tveganega kapitala, ki jim bo omogočil dodatno možnost izstopa, ter starejšimi in bolj uveljavljenimi trgi.
Investbx will prepare investees for the listing on the more senior established markets, namely the Alternative Investment Market (hereinafter ‘the AIM’) and the London Stock Exchange (hereinafter ‘the LSE’).
Investbx bo pripravil subjekte, v katere se lahko vlaga, za kotiranje na starejših in bolj uveljavljenih trgih, in sicer alternativnem investicijskem trgu (Alternative Investment Market) in londonski borzi (London Stock Exchange).
The legal basis of the measure is the regional Development Agencies Act 1998, Section 5.
Pravna podlaga ukrepa je Regional Development Agencies Act (Zakon o regionalnih razvojnih agencijah) iz leta 1998, oddelek 5.
Budget and duration
Proračun in trajanje
A government body, the West Midlands Regional Development Agency, (‘AWM’), will grant Investbx funding of up to GBP 3 million for a period of at most five years.
Regionalna razvojna agencija za West Midlands (West Midlands Regional Development Agency) („AWM“), ki je vladni organ, bo Investbxu dodelila finančna sredstva v višini največ 3 milijonov GBP za obdobje največ petih let.
The amount may be lower and/or the period may be shorter if the project becomes self-sustainable.
Znesek je lahko nižji in/ali obdobje je lahko krajše, če projekt postane samozadosten.
Investbx will use this grant to cover its investment and other start-up costs that may not be covered by the revenues of its activity.
Investbx bo to subvencijo uporabil za pokrivanje naložb in drugih zagonskih stroškov, ki se morda ne bodo pokrili s prihodki iz dejavnosti.
Investbx will use the grant according to a financial plan, which projects an increasing number of SMEs to be served by Investbx over the initial five-year period (totalling 47 by the end of the five-year period), and foresees an increasing revenue generation and lowering use of the grant for loss compensation until, in five years at the latest, Investbx breaks even.
Investbx bo subvencijo uporabil v skladu s finančnim načrtom, ki predvideva povečevanje števila MSP-jev, ki bodo koristili storitve Investbx v začetnem petletnem obdobju (do konca petletnega obdobja naj bi jih bilo skupaj 47), ter povečanje ustvarjanja prihodkov in zmanjšanje uporabe subvencije za pokrivanje izgube, dokler Investbx ne doseže pokritosti stroškov, kar se bo zgodilo najpozneje v petih letih.
The projections foresee a part of the grant to serve as a reserve.
Del subvencije naj bi se po načrtih uporabil kot rezerva.
After this period, Investbx will repay the remaining unused funds to AWM and AWM will either sell shares of Investbx on the market through an open and non-discriminatory public tender or close it down.
Po tem obdobju bo Investbx vrnil preostala neuporabljena sredstva AWM, ta pa bo bodisi prodal delnice Investbxa na trgu na podlagi javnega in nediskriminacijskega razpisa ali pa ga zaprl.
Beneficiary of the measure
Prejemnik pomoči
The direct beneficiary of the measure is Investbx.
Neposredni prejemnik pomoči je Investbx.
Investbx will receive up to GBP 3 million by way of grant of AWM.
Investbx bo prejel do 3 milijone GBP kot subvencijo od AWM.
Any surpluses from Investbx will be reinvested back into Investbx to benefit the regional economy, which corresponds to AWM's mission.
Vsi presežki Investbxa se bodo ponovno vložili v Investbx v korist regionalnemu gospodarstvu, kar je skladno s poslanstvom AWM.
AWM will retain a strong influence on Investbx.
AWM bo obdržal močan vpliv nad Investbxom.
Investbx will be a company limited by shares.
Investbx bo družba z omejeno odgovornostjo.
The company status will allow Investbx to enter into contracts in its own right.
Status družbe bo Investbxu omogočil, da sklepa pogodbe v svojem imenu.
Being a separate legal entity from AWM will facilitate a possible transfer of the company in the future.
Status pravne osebe, ki je ločena od AWM, mu bo omogočil morebiten prenos družbe v prihodnosti.
If Investbx is successful, it will be sold and become a private sector company.
Če bo Investbx uspešen, bo prodan in bo postal zasebna družba.
At that time any outstanding funds from the original grant will revert to AWM.
V tistem trenutku se bodo vsa neporavnana sredstva iz prvotne subvencije vrnila AWM.
Investbx will have an executive team of 6 to 8 persons responsible for the delivery of the business plan.
Investbx bo imel skupino 6 do 8 vodilnih delavcev, ki bodo odgovorni za izpolnjevanje poslovnega načrta.
A non-executive board will comprise West Midlands professionals specifically appointed for their knowledge and experience of working with SMEs and target investors.
V zunanjem izvršnem odboru bodo strokovnjaki iz regije West Midlands, ki bodo posebej imenovani na podlagi znanja in izkušenj pri delu z MSP-ji in ciljnimi vlagatelji.
The current market in the United Kingdom
Trenutni trg v Združenem kraljestvu
According to the United Kingdom, the traditional market for buying and selling shares in the United Kingdom is dominated by the LSE, which is primarily engaged in hosting large stock trades in a global marketplace.
Po trditvah Združenega kraljestva na tradicionalnem trgu kupovanja in prodaje delnic v Združenem kraljestvu prevladuje londonska borza, ki se ukvarja predvsem s trgovanjem z velikimi delnicami na svetovnem trgu.
SMEs are increasingly shut out as blue-chip stocks of larger companies are preferred.
MSP-ji so vse bolj izključeni, ker se daje prednost delnicam velikih podjetij z največjo boniteto.
According to the United Kingdom, the LSE sought to cater for this situation by the introduction of its AIM in 1995.
Združeno kraljestvo navaja, da je londonska borza poskusila popraviti ta položaj z uvedbo alternativnega investicijskega trga leta 1995.
This operates as a second-tier market targeting new and smaller companies.
Ta deluje kot sekundarni trg, katerega cilj so nova in manjša podjetja.
Membership requires no minimum trading record, no minimum assets or profit levels, no minimum capitalisation and no minimum free float of shares.
Za članstvo niso potrebni minimalna doba poslovanja, minimalna sredstva ali raven dobička, minimalna kapitalizacija ali minimalna prosta prodaja delnic.
According to the United Kingdom, outside the realms of the LSE and the AIM is the trading facility Ofex which is regulated by the United Kingdom's Financial Service Authority (hereinafter ‘FSA’).
Združeno kraljestvo navaja, da zunaj pristojnosti londonske borze in alternativnega investicijskega trga deluje sistem trgovanja Ofex, ki ga ureja Uprava Združenega kraljestva za finančne storitve (Financial Service Authority) (v nadaljevanju „FSA“).
It aims to provide a more cost effective and less regulated alternative to the AIM.
Cilj tega sistema je zagotoviti stroškovno učinkovitejši in manj s predpisi omejen način trgovanja, kot je alternativni investicijski trg.
There are a number of service providers in the United Kingdom that trade non-listed shares or raise equity, like The Share Centre (Fast Track Service), Univits, JP Jenkins, or Investor Champions.
V Združenem kraljestvu je veliko izvajalcev storitev, ki trgujejo z delnicami, ki ne kotirajo na borzi, ali zbirajo lastniški kapital, kot so The Share Centre (Fast Track Service), Univits, JP Jenkins ali Investor Champions.
Despite the above developments, the United Kingdom claims that there is still a long-term market failure for equity investment in SMEs located in regions outside the South-East such as the West Midlands.
Kljub navedenemu razvoju dogodkov Združeno kraljestvo trdi, da je še vedno prisotna dolgoročna tržna pomanjkljivost na področju naložb v lastniške instrumente v MSP-je s sedeži v regijah zunaj jugovzhoda države, kot je na primer West Midlands.
Among the lowest level of listed companies and total market capitalisation can be found in the West Midlands.
West Midlands ima eno od najnižjih ravni gospodarskih družb, katerih delnice kotirajo na borzi, in skupne tržne kapitalizacije.
AWM asked Ofex whether they could address the market failure in the West Midlands region, in which case AWM would abandon its Investbx project.
AWM je vprašal Ofex, ali bi lahko odpravil tržno pomanjkljivost v regiji West Midlands, ker bi v tem primeru opustil projekt Investbx.
However, Ofex did not react.
Vendar pa Ofex ni odgovoril.
Activities and pricing of Investbx
Dejavnosti Investbxa in njegovo oblikovanje cen
According to the UK authorities, Investbx is a completely novel measure, for which there is no precedent.
Po navedbah organov Združenega kraljestva je Investbx popolnoma nov ukrep brez precedenčnega primera.
While traditional venture capital funds aim at increasing the supply of equity capital, Investbx envisages instead improving the efficiency with which information on investee companies can circulate.
Medtem ko je cilj tradicionalnih skladov tveganega kapitala povečati dotok lastniškega kapitala, želi Investbx izboljšati učinkovitost kroženja informacij o gospodarskih družbah, v katere se lahko vlaga.
Investbx will kick-start the creation of an effective local equity market, by connecting companies to investors, offering them a viable, simple, cost effective solution to raising equity, trading their shares and showcasing their activities.
Investbx bo sprožil oblikovanje učinkovitega lokalnega trga lastniških vrednostnih papirjev, tako da bo povezoval gospodarske družbe z vlagatelji, jim ponujal izvedljivo, preprosto in stroškovno učinkovito rešitev za zbiranje kapitala, trgoval z njihovimi delnicami in predstavljal njihove dejavnosti.
This trading facility will be different to traditional stock markets (namely the LSE with its AIM), as well as Ofex, because it will operate through a visible online electronic auction market, matching buyers and sellers at a single price with investment via an online execution-only platform.
Ta sistem trgovanja se bo razlikoval od tradicionalnih trgov vrednostnih papirjev (to je londonska borza skupaj s svojim alternativnim investicijskim trgom) in tudi od sistema Ofex, ker bo deloval prek vidnega spletnega elektronskega borznega trga s samodejnim sklepanjem poslov po enotni ceni in z naložbami prek spletne platforme, namenjene zgolj izvršitvi naročila.
Unlike at mainstream markets, such online auctions will only be carried out a few times per month.
V nasprotju s tradicionalnimi trgi se bodo take spletne avkcije izvajale le nekajkrat na mesec.
At the same time Investbx will encourage a longer term view of investing, emphasising the main objective of raising money for SMEs in the community rather than the ability to frequently trade shares as provided by the existing London based markets.
Investbx bo hkrati tudi spodbujal dolgoročni vidik naložb in dajal prednost glavnemu cilju zbiranja denarja za MSP-je v skupnosti namesto možnosti pogostega trgovanja z delnicami, kot to zagotavljajo obstoječi trgi s sedežem v Londonu.
Accordingly, Investbx will have three distinct roles: fund raising or primary funding, bundling of support services for SMEs and providing a secondary auction based trading platform for shares once they are admitted for trading.
Skladno s tem bo imel Investbx tri ločene vloge: zbiranje sredstev ali primarno financiranje, povezovanje podpornih storitev za MSP-je in zagotavljanje sekundarne platforme za trgovanje z delnicami na podlagi avkcije, ko so te sprejete v trgovanje.
Companies wishing to raise equity gap finance will be assisted by locally based financial and legal advisers and by the Investbx West Midlands-based team.
Gospodarskim družbam, ki želijo povečati financiranje vrzeli lastniških sredstev, bodo pomagali lokalni finančni in pravni svetovalci ter skupina Investbxa s sedežem v regiji West Midlands.
The trading platform will be at the online Investbx portal (www.investbx.com), which will also contain a range of integrated services, open online 24/7, specifically designed to meet the needs of SMEs, either quoted or unquoted.
Platforma za trgovanje bo delovala na spletnem portalu Investbxa (www.investbx.com), ki bo vseboval tudi sklop celostnih storitev in bo dostopen 24 ur na dan 7 dni v tednu ter bo posebej namenjen zadovoljevanju potreb MSP-jev, katerih delnice kotirajo ali ne kotirajo na borzi.
Investbx will not provide funding to the SMEs.
Investbx ne bo zagotavljal denarne podpore za MSP-je.
Neither will Investbx provide directly funds or guarantees to the investors or the investees.
Prav tako ne bo neposredno zagotavljal denarne podpore ali jamstev vlagateljem ali subjektom, v katere se lahko vlaga.
All equity finance will be provided from market investors to private target investees.
Vse lastniško financiranje bodo zagotavljali tržni vlagatelji zasebnim ciljnim subjektom, v katere se lahko vlaga.
The function of Investbx is merely to facilitate transactions among private market players.
Naloga Investbxa je samo olajšati transakcije med zasebnimi akterji na trgu.
Fund raising
Zbiranje sredstev
Investbx will assist the fundraising of SMEs.
Investbx bo pomagal zbirati sredstva MSP-jev.
It will be marketing suitable SME's in the region to advisers in search of SMEs to invest in.
Tržil bo primerne MSP-je v regiji svetovalcem, ki iščejo MSP-je, v katere bi se lahko vlagalo.
Fund raising, also called primary funding, will consist of selling shares which have been newly issued by the target SMEs, under the assistance of Investbx, directly to interested investors.
Zbiranje sredstev, ki se imenuje tudi primarno financiranje, bo zajemalo prodajo delnic, ki so jih na novo izdali ciljni MSP-ji, neposredno zainteresiranim vlagateljem ob pomoči Investbxa.
The UK authorities have declared that the ceiling for fundraising will be GBP 2 million per annum and SME during the initial five years stage.
Organi Združenega kraljestva so izjavili, da bo v začetni petletni fazi zgornja meja zbiranja sredstev znašala 2 milijona GBP na leto in na MSP.
According to the professional advisors, who assist SMEs at fund raising and who have been consulted during the whole process of designing the Investbx project, there is a potential in the West Midlands to finance more than 10 SMEs per year on the basis envisaged for Investbx.
Po mnenju strokovnih svetovalcev, ki pomagajo MSP-jem pri zbiranju sredstev in s katerimi so bila opravljena posvetovanja med celotnim procesom načrtovanja projekta Investbx, obstaja v regiji West Midlands možnost financiranja več kot 10 MSP-jev na leto na podlagi, ki je predvidena za Investbx.
According to its financial plan, during the first five years of its existence, it should raise at least GBP 70 million for at least 47 companies.
V skladu z njegovim finančnim načrtom bi v prvih petih letih obstoja zbral najmanj 70 milijonov GBP za najmanj 47 gospodarskih družb.
The SMEs will be charged a commission of 6 % of the funds raised.
MSP-jem se bo zaračunavala provizija v višini 6 % od zbranih sredstev.
This fee was determined from the financial model in a way that should enable Investbx to break even within the five-year term of the grant funding agreement.
Ta provizija je bila določena na podlagi finančnega modela na način, ki naj bi omogočil Investbxu, da doseže pokritost stroškov v obdobju petih let od sporazuma o dodelitvi sredstev.
Furthermore, it was evaluated by benchmarking the fees against existing case studies for fund raising.
Poleg tega je bila ocenjena s primerjalno analizo provizij glede na obstoječe študije primerov za zbiranje sredstev.
This showed that 6 % is more than what is required by some other operators.
Ta je pokazala, da je višina 6 % več, kot zahtevajo nekateri drugi izvajalci.
However, the UK authorities also note that such a benchmarking exercise has limited value given that there are no adequate comparators for Investbx following its unique nature.
Vendar pa organi Združenega kraljestva navajajo tudi, da ima taka primerjalna analiza omejeno vrednost, ker glede na edinstveno naravo Investbxa ni mogoče najti ustreznih primerjav.
Investbx will be different to any one of the existing providers of fund raising services in the West Midlands.
Investbx se bo razlikoval od vseh obstoječih izvajalcev storitev zbiranja sredstev v regiji West Midlands.
Therefore it is considered that Investbx will be able to charge a 6 % commission, i.e. at least the rate charged by existing corporate advisors.
Zato se zdi primerno, da bo lahko Investbx zaračunaval provizijo v višini 6 %, to je vsaj toliko, kolikor zaračunavajo obstoječi podjetniški svetovalci.
Bundling of support services for SMEs
Povezovanje podpornih storitev za MSP-je
According to the UK authorities, Investbx will bring together various service providers that will assist the SMEs in the process of fund raising as well as during the period when their shares will be traded.
Organi Združenega kraljestva navajajo, da bo Investbx povezal različne izvajalce storitev, ki bodo pomagali MSP-jem pri zbiranju sredstev ter v obdobju, ko se bo trgovalo z njihovimi delnicami.
Investbx will provide a transaction coordinator to each SME that decides to raise funds through Investbx.
Investbx bo zagotovil koordinatorja transakcij za vsak MSP, ki se odloči zbrati sredstva prek Investbx.
A secure document sharing facility on the Investbx website will contain all the template documents that an SME will need during the process of capital raising and joining the trading platform.
Varna zmogljivost za skupni dostop do dokumentov na spletni strani Investbxa bo vsebovala vse vzorčne dokumente, ki jih bo MSP potreboval pri zbiranju sredstev in pridruževanju platformi za trgovanje.
These templates have been developed with the local professional community and are simplified in order to be appropriate and cost effective for SMEs.
Ti vzorci so bili razviti skupaj z lokalno strokovno skupnostjo in poenostavljeni tako, da bi bili primerni in stroškovno učinkoviti za MSP-je.
Any SME seeking to raise funds at Investbx will be assessed by Investbx.
Investbx bo ocenil vsak MSP, ki želi zbrati sredstva prek Investbx.
This will include assessments of its potential to attract investors for primary funding and of whether the due diligence brought to light any facts that would speak against admission.
To bo zajemalo oceno možnosti MSP-ja, da privabi vlagatelje za primarno financiranje, in preveritev, ali je skrben pregled poslovanja pokazal na kakršna koli dejstva, ki bi lahko govorila proti vključitvi.
After a favourable assessment, the Investbx team will contact investors and syndicate partners, who may have a number of their own investors that wish to participate in the new issue.
Na podlagi pozitivne ocene bo skupina Investbxa navezala stik z vlagatelji in združenji partnerjev, ki imajo lahko številne lastne vlagatelje, ki želijo sodelovati v novi izdaji delnic.
During the fund raising process Investbx will provide research and marketing services at market costs, which it will outsource.
Med zbiranjem sredstev bo Investbx zagotavljal storitve raziskovanja in trženja po tržni ceni, ki jih bo naročal pri zunanjih izvajalcih.
Investbx will maintain a list of independent financial advisers, legal advisers, reporting accountants, financial public relations advisers and independent research providers who have the appropriate experience and regulatory approvals and from which the SMEs may choose any services they need for fund raising.
Investbx bo hranil seznam neodvisnih finančnih svetovalcev, pravnih svetovalcev, računovodij, svetovalcev za odnose z javnostjo na področju financ in neodvisnih izvajalcev raziskav, ki imajo ustrezne izkušnje in z zakonom predpisana dovoljenja ter od katerih lahko MSP-ji izberejo katere koli storitve, ki jih potrebujejo pri zbiranju sredstev.
All SMEs joining Investbx will have independent research published.
Za vse MSP-je, ki se vključijo v Investbx, bo objavljena neodvisna raziskava.
Investbx will make available on its website to all potential investors or financial advisors a presentation of each SME containing summary information from the full admission document, the admission document and independent research.
Investbx bo na svoji spletni strani objavil predstavitev vsakega MPS-ja, ki bo vsebovala povzetek informacij iz celotnega dokumenta o vključitvi, dokument o vključitvi in neodvisno raziskavo in bo na voljo vsem morebitnim vlagateljem ali finančnim svetovalcem.
The independently carried out research will contain both quantitative and qualitative detailed and in-depth information about that company.
Neodvisna raziskava bo vsebovala kvantitativne in kvalitativne podrobne in poglobljene informacije o določeni gospodarski družbi.
This type of research is rarely available to anyone other than institutional fund managers.
Taka vrsta raziskave je navadno na voljo le upraviteljem institucionalnih skladov.
Such data is usually prepared only for larger stocks of shares and available only to institutional investors.
Taki podatki se po navadi pripravijo le za večje količine delnic in so na voljo le institucionalnim vlagateljem.
The research will also provide a detailed commentary about each area of the business.
Raziskava bo vsebovala tudi podrobno razlago za vsako poslovno področje.
SMEs will pay any advisers' professional fees for assisting them to join Investbx.
MSP-ji bodo plačali vse honorarje za svetovalce, ki jim bodo pomagali pri vključevanju v Investbx.