How do I raise finance to start or grow my business?
Businesses look for finance for a number of reasons: to turn an idea into a prototype, to establish and start a business, to grow a business, or to help in a time of stress or turnaround. There are a number of options for you to consider – we provide a summary of these on the Grow Your Business section page, which you can then drill down by reading through the resources we provide. The resources below, however, are a great first port of call, as they will help you understand your finance needs before you then look into specific options. We strongly recommend the Business Finance Guide by British Business Bank (the first resource in the table) for this very reason.
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WHEN: You are looking to fund your startup but not sure where to begin.
WHY: Compare and contrast six popular sources of finance for small businesses.
WHAT: Article analysing business loans, small business grants, invoice financing/factoring, rewards-based crowdfunding, equity crowdfunding, angel investors, and bootstrapping.
WHEN: You’d like directing to local finance providers or local grants with someone you can speak to.
WHY: Discussing your finance need with someone who knows your region could be advantageous.
WHAT: Regional directory of the UK’s growth hubs that have access to staff over the phone and in person who can direct and guide you to local finance providers
