Businesses at all stages
Horizon 2020
EU funded two year grant programme covering specific areas. Puts out funding opportunities on website.
High Street Banks – Novuna
Business loans for Limited Liability Partnership (LLP), Limited Company or PLC.
High Street Banks – NatWest
Business Account (including credit card and overdraft). Also loans.
High Street Banks – Monzo
Basic business bank account – can put money into pots e.g tax, insurance etc. Can also give other people access to the account. Are developing account to offer more in the future. At the moment do not offer loans but are working with Funding Xchange to connect customers to multiple lenders.
High Street Banks – Metro Bank
Business Account, credit card, overdraft, loans, asset and invoice finance. EFG loan.
High Street Banks – HSBC
Business Accounts, credit cards, overdrafts and loans. Also offer commercial mortgages, asset finance and invoice finance. Foreign currency account. Offers EFG loans – see below.
High Street Banks – Barclays
Business Accounts, credit cards, overdrafts and loans. Also offer commercial mortgages, asset finance and invoice finance. Foreign currency account – reduces exposure to exchange rate fluctuations and simplifies international payments whether importing or exporting. Offers EFG loans – see below.
Enterprise Finance Guarantee (EFG)
Government scheme to help viable smaller businesses that have adequate security. EFG provides the lender with 75% government-backed guarantee against the balance of the loan, potentially allowing a ‘no’ decision to become a ‘yes’.
Crack It Challenges
Series of grants in the form of challenges. Can apply for single or double phase challenges. Funding comes from National Centre For Education Research (NCER)
Crowd Cube
Equity finance and mini-bond platform.
Business Rates Relief
There are several core types of business rates relief which can reduce or even exempt your business from paying business rates including small business rate relief, retail discount, hardship relief, enterprise zone relief, charitable relief and rural rate relief. 0-100% reduction in business rates possible. Varies Council to Council. Approach your Council to see if you qualify. If you do not qualify you can also look at appealing against your ratable value with the Valuation Office Agency.
Big Issue Invest
Loan funding
Better Business Finance
A search engine that provides UK businesses with free, quick and easy access to a directory of approved finance providers, including business angels: regional funds and government schemes; and banks across Britain. Also lots of business support information.
Ascension Ventures
Venture Capital company offering Investment, professional business support and mentoring