There are a range of different options available to secure funding to start your business, depending upon your circumstance and need.
Please see below an overview of available start-up funding and click on the links for additional information on eligibility criteria and how to apply.
Startup Loan Programme
A Government funded programme to provide startup loans alongside business mentors to assist your new business. The average loan is approximately £6,000 though up to £25,000 is available depending upon the strength of your business plan; delivery partners are able to support you in developing this.
New Enterprise Allowance
Money and support to start a business if receiving either job seekers allowance, employment and support allowance or income support. Financial support received is not repayable and doesn’t affect housing benefit, tax credits, income tax, universal credit or access to work grants. You will also have access to a business mentor to support your new business.
Prince’s Trust Enterprise Programme
The Prince’s Trust provide a programme of support and funding for those aged between 18-30 and unemployed or working fewer than 16 hours a week. Applicants will receive support with business planning and if successful, also receive support and expertise from an experienced mentor for up to two years.
Newable (formerly GLE) works to unleash the extraordinary potential of business men and women. Dedicated to encouraging business confidence, Newable builds resilience and sparks innovation through its full range of services, including; business loans, start-up and expansion advice, real estate management, international trade advice, digital enablement, governance and risk management consultancy. A leading not-for-profit provider of responsible finance for small businesses in the UK, with over 15 years experience of lending to start-up and growing businesses. Loans are available between £10,000-£70,000 with competitive interest rates.
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