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Funding

If you are a business looking for funding for an IT project in the UK, there are various avenues to explore and some of these include:

  • Government Grants which are non-repayable
  • Government Loans
  • Tax breaks

Sometimes local government may offer match funding for expansion and growth and it is always worthwhile checking them out. Regardless of which route you take you will need a business plan showing why you will need funding.

There are different types of loans including interest free and low interest.  It is worthwhile looking at https://www.ukstartups.org/government-funding-small-business-uk/ if you are starting up your business.

Depending upon the type of business you are (or even a charity) then this site may be of interest https://www.fundingcentral.org.uk

The great news is you are not alone, many people will want you to succeed and there are networking groups, business advisers, funding opportunities and research help available for you.

If you are thinking about it or in the process of opening up your business you may also find this  of interest.  It is the in-depth analysis of the top 50 best small business ideas in the UK Kingdom. https://www.profitableventure.com/small-business-ideas-uk/

There are also grants available locally:

If you are aged under 30 you may also get help via The Prince’s Trust https://www.princes-trust.org.uk/help-for-young-people

There is also advice available from Start Up Loans

You may also want to consider crowd funding or other social media campaigns to get your business off the ground.

Once you have your business up and running there are usually lots of local networking groups and events and you are best to check out facebook for local business groups, check out the Council for business partnerships, your local university may be able to offer some researchers or graduates to help you.

Your business banking partner will also be able to advise.

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