Funding

There are many ways to apply for funding, such as low cost loans or grants, and new ways such as crowdfunding. Your accountant can help advise you on tax relief and running your business efficiently.

Funding

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Start-Up Loans

A government funded scheme to provide advice, loans and mentoring to start-up businesses. A personal loan given for business purposes, applications are considered according to your business needs.

www.startuploans.co.uk

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Enterprise Finance Guarantee

This is a government loan guarantee scheme that encourages lending institutions, including banks, to lend to viable smaller businesses that would otherwise be declined for lacking adequate security or a proven track record.

www.british-business-bank.co.uk

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HMRC Enterprise Investment Scheme

This scheme supports smaller high-risk businesses by offering tax relief to investors purchasing shares.

www.gov.uk/government/publications/the-enterprise-investment-scheme-introduction

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The Business Debtline

This service provides confidential and independent advice on managing financial difficulties.

www.businessdebtline.org

0800 197 6026

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Enterprise Capital Fund

Through this fund, the Government provides equity (where people or businesses provide money in return for shares in the business) to small and medium-sized businesses and is matched with private sector money.

www.british-business-bank.co.uk

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ICAEW

The ICAEW Business Advice Service provides professional advice for owner-run businesses and new business start-ups. As well as practical financial help online, businesses can receive a free initial consultation from an ICAEW Chartered Accountant.

www.businessadviceservice.com

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Better Business Finance

To support businesses with their finance applications, this website provides impartial information and a directory of sources for finding the right finance and tools including a guide that explains how to write a business plan.

www.betterbusinessfinance.co.uk

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Grants Online

This service provides information on grant funding opportunities from the European Union, UK government agencies, the lottery as well as grant making trusts and foundations.

www.grantsonline.org.uk

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GLE One London Business Loans

GLE One London has teamed up with Lloyds Bank and the EIF to lend £5m to London SMEs through the London Local Fund, providing another way to raise finance. Up to £20,000 will be available to over 270 small and micro London business looking to grow.

www.gleonelondon.co.uk/finance/london-business-loans

0845 603 2820

businessloans@gle.co.uk

Crowdfunding

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Kickstarter

Kickstarter is the world’s largest crowdfunding platform for creative projects, with 10 million people having backed a project since 2009. Kickstarter is aimed at artists, musicians, film makers, designers and other creators to help make ideas a reality.

www.kickstarter.com

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Crowdfunder

Crowdfunder is the UK’s leading crowdfunding platform that sources funds from within the community.

www.crowdfunder.co.uk