One of the biggest stumbling blocks for a new business is how to access the finance required to grow. However, if you have a viable business proposition, there are solutions.
Below is a selection of grants and loans to help you start up and grow.
Apply for a government-backed startup loan of £500 to £25,000 to start or grow your business. Unlike a business loan, this is an unsecured personal loan.
You'll get free support and guidance to help write your business plan, and successful applicants get up to 12 months of free mentoring.
To apply for this loan you must live in the UK, be over 18 and have (or plan to start) a UK-based business that's been fully trading for less than 24 months.
The aim of the British Busines Bank is to make financial markets work better for small businesses in the UK at all stages of their development, whether that be starting up, scaling up or staying ahead.
The British Business Bank is 100% Government-owned but independently managed.
Fredericks is a responsible finance provider that provides finance and mentoring to people who want to expand an existing Social Enterprise.
Funding Circle provides loans which are typically more affordable than a business overdraft or credit card.