BACKGROUND INFORMATION Intercontinental Trust Limited - “ITL” an offshore management company which operates in highly regulated financial environment with branches across the continent is faced with the challenge of implementing a work life balance culture. The company also operates round the clock with a young manpower. From the information gathered on the company, ITL is focused on customer centricity which translates into producing happy customers. In turn, to maintain an enriching customer experience, ITL needs to take good care of its employees as rightly pointed out by Sir Richard Branson. Happy employees lead to increased performance and productivity and its effect is reflected directly as increased profitability on the financial statement. INTRODUCTION OF PROJECT
In line with its Human Resource Management strategy, ITL is seeking to implement a “Quality Work Life Balance” –Quality WLB, a concept to improve employees’ satisfaction, skills and effectiveness. This is becoming more of an international trend where we have recently observed the UK Prime Minister, Tony Blair citing the tangible and intangible business benefits of good Quality Work Life Balance …“The UK business environment has shown that it is possible to have flexible labour markets combined with a balanced family friendly policy to help work life balance-WLB. The result will no doubt be higher growth, higher employment and low unemployment.”
In this perspective, we shall be addressing the project on three fronts. Firstly, we shall be looking at the definition and importance of project financing. Secondly, the different sources of financing will be discussed and lastly, we shall discuss the impact of financing on various stakeholders of ITL. PROJECT FINANCING
It is often difficult to start a business without sufficient capital. All businesses require some form of finance throughout the