Training: Business plans and financial forecasts – Birmingham

For co-operative and community business practitioners and advisers.

Read more about our Business plans and financial forecasts training below. There are TWO sessions:

  • Thursday 12 March, 10AM-4.30PM – Birmingham, De Vere Colmore Gate
  • Thursday 26 March, 12.30‑4PM – online


About the training

The full day training will provide assessors with the tools to evaluate business plans. It will look at what content you should expect to find in a business plan and whether the financial projections match the business plan, are consistent with historic performance and are internally consistent. It will also provide attendees with tools to evaluate the financial projections.

There will be coursework which will enable participants to practically evaluate two business plans provided.

There will be a follow up session (remotely via phone/web) on Thursday 26 March from 12.30 - 16.00. This follow up session will enable all participants to collectively assess their coursework, in a facilitated discussion.

How much does it cost?

The training costs £150 + VAT for members of Co-operatives UK and £215 + VAT for non-members.

Training covers

  • What is the story of a business plan?
  • What are the elements of a business plan?
  • What is its historic trading performance and does this translate into future predictions?
  • Have they correctly identified their capital needs?
  • Are they raising the best source of capital to meet their capital needs?
  • Have they identified the effects of the capital on their revenue streams?
  • The three financial forecasts.
  • How to check for consistency across the three financial forecasts.
  • How to check for consistency between the financial forecasts and historic data.
  • How to check for consistency between the financial forecasts and the business plan.
  • Have they correctly modelled their VAT, PAYE and Corporation Tax positions?
  • Accounting Tricks that can mask trends including depreciation, revaluations, grant treatment.
  • Have they modelled inflation, interest rate increases etc.?

Learning outcomes

At the end of the course the participants should be able to:

  • Understand the story of a business plan
  • Know what to expect to see in a business plan
  • Be able to evaluate a business plan with regards to its governance arrangements, legal structure, current resources and resource needs, marketing plan and risk analysis.
  • Evaluate the advantages and disadvantages of various sources of capital and critique if a business has chosen the most appropriate source
  • Cross check business plan against financial forecasts and historic performance
  • Check for consistency within financial forecasts
  • Evaluate financial forecasts

Who should attend?

This is a session aimed at those who have to assess business plans, such as:

  • Practitioners 
  • Business support professionals
  • Grant giving bodies
  • Investors
  • Ethical leaders

About the trainer

Andrew Woodcock from Co-op Culture and Acorn Co-op Support will be running this session. An open and talented trainer, with excellent communication skills and knowledge of participatory techniques, Andy has lived and worked in co-ops for the last 20 years. He co-operatively manages a £750,000 co-op loan fund that has never made a bad loan in over 25 years as well as a co-operative investment fund of just under £1million. He has helped various co-ops raise over £5m of capital as well as being treasurer to many co-ops. He also prepares co-ops accounts. He co-produced the Introduction to Financial Literacy workshop which has now trained over 500 people in better understanding their co-op's accounts.


Carlos Muza

Event details
Date and time
Thursday, 12 March 2020 - 10:00am to 4:30pm
De Vere Colmore Gate
5th & 7th Floor Colmore Gate
Bull Street Entrance
B3 2QD
United Kingdom
More information
Contact Leoni Merrifield
Updated: 19/02/2020