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Hybrid agency Easyproperty reaches £800,000 crowdfunding target

first_imgHome » News » Agencies & People » Hybrid agency Easyproperty reaches £800,000 crowdfunding target previous nextAgencies & PeopleHybrid agency Easyproperty reaches £800,000 crowdfunding targetBackers include the UK government through its Future Fund, Easyjet founder Haji-Ioannou and 300 small investors.Nigel Lewis15th March 20210554 Views Easyproperty has raised £800,000 from a crowdfunding campaign to help the hybrid estate agency expand including £400,000 from the government’s Future Fund and £300,000 fromEasyjet founder Stelios Haji-Ioannou, who has said he backs it because the company ‘offers low-cost professionalism’.The agency, which was bought off the Guild’s parent company in July 2019 by David Brierley (pictured above) of property services firm Evolve, has raised the remainder of the cash from small investors since launching the crowdfunding bid in January.Investing between £50 and £5,000 each, they helped the company reach its fundraising target which the agency says will keep give it a ’12 month runway’.Runway in investment circles means how long a company can survive if its income and expenses stay constant.Quadruple territoriesBrierley told national media over the weekend that he expects to increase the number of territories operated by the company by the end of this year to 120. It current operates 50.Half of the money raised comes from the government’s Future Fund, which supports tech companies like Easyproperty in return for equity. The agency has also received a £50,000 bounce back loan, its crowdfunding pitch document reveals.Funds from the Seedrs raise will be used to build a tech platform on which buyers, sellers, conveyancers, mortgage lenders, surveyors and valuers will interact in one place to upload and sign documents, pay fees and deposits and monitor the progress of each transaction.The agency says this will help speed up transaction, reduce costs for vendors, generate fees from third-party suppliers and help attract more territory owners.British bank future fund david brierley Stelios Haji-Ioannou easyjet easyProperty March 15, 2021Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles Letting agent fined £11,500 over unlicenced rent-to-rent HMO3rd May 2021 BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021last_img read more

Sanders named chairman of Health and Aging Panel

first_imgSenator Bernie Sanders (I-VT) was appointed today to chair the Senate Subcommittee on Primary Health and Aging.‘With more Americans heading into retirement, we need to focus on supporting our seniors and ensuring their quality of life. I look forward to working side by side with Sen. Sanders to protect the benefits that our seniors have worked hard for, from pensions to health care, while also advocating for programs like community health centers and LIHEAP that are vital to families across the country in these tough economic times,’ said Sen. Tom Harkin (D-Iowa), the chairman of the full Committee on Health, Education, Labor & Pensions.Sanders’ panel is responsible for several areas that are among his top priorities, including community health centers, home heating assistance, seniors programs, pensions and dental care.Sanders has been a champion in Congress for community health centers, securing $11 billion in last year’s health care reform law to increase the number of patients served in the next five years by 20 million. That infusion of support came on the heels of another $2 billion that he added in the 2009 stimulus bill.The centers provide affordable primary and dental care as well as low-cost prescription drugs and mental health counseling. In Vermont, Community health Centers now serve over 100,000 Vermonters.The subcommittee’s oversight of the Low-Income Home Energy Assistance Program will allow Sanders to continue to fight for the much-needed program. ‘During these very difficult times, seniors on fixed incomes and families with children shouldn’t have to make the choice between heating their homes and putting food on the table,’ Sanders said.Sanders led the effort in Congress to double funding for LIHEAP to $5.1 billion annually since 2008. Unfortunately, President Obama proposed cutting the program in half for next year and House-passed legislation would slash $400 million from the program this year. Vermont’s congressional delegation has pledged to fight such cuts.Sanders’s panel also has jurisdiction over the Older Americans Act, which is up for reauthorization this year. Its programs include ‘meals on wheels,’ congregate meals, and senior center programs.Sanders’ subcommittee is one of three subcommittees of the H.E.L.P. committee.Source: Sanders’ office. WASHINGTON, March 16, 2011last_img read more