West Midland small firms have been offered easier access to the AngelBourse sharetrading service.
Advice and information about achieving a listing on the AngelBourse market - which enables unlisted companies to be valued and traded - has now become available from Initiatives in Business Development Group, a national network of 300 professional business advisors which has been appointed as approved intermediary.
In the West Midlands, the AngelBourse/IBD partnership will be led by Steve McEwen - meaning that businesses need no longer travel to London.
He has targeted the service at high-growth, early-stage West Midlands' firms, and said it will allow them to raise their profile among brokers, intermediaries and investors while preparing to graduate to a senior market.
Mr McEwen, said: "In my work as an adviser to small firms, I understand all too well how lack of finance holds them back at all points in their development cycle; this new service is a huge step forward."
John Blowers, managing director of AngelBourse, said: "Lack of liquidity is frequently cited by investors - who are worried their cash may be locked in indefinitely with no means of exit - as a reason for not investing in early-stage companies.
"If a trading facility is already in place this will facilitate the fund raising process."
Currently, only 0.3 per cent of UK businesses are listed on an exchange with SMEs in particular finding the cost of moving to AIM or the London Stock Exchange prohibitive - typically over of £250,000.