One of the biggest barriers for new business is accessing finance, your first port of call will be your bank, but if this isn't successful there are alternative options that you could consider.
Fredericks Foundation is a CDFI (Community Development Finance Institution) and charity that provides loans to people who want to set up a new business or maintain or expand an existing business. Fredericks are open to anyone who has a viable business proposition but cannot obtain mainstream finance.
South West Investment Group (SWIG Finance) is a not-for-profit organisation and member of the Community Development Finance Association and we have been supporting small and medium sized businesses across the South West for over 25 years.
Prince's Trust offer low interest start-up loans of up to £7,500 for young people aged 13 - 30 who are unemployed.
Finance Finder is a searchable database of government backed finance for business.
New Enterprise Allowance can provide money and support to help people start their own business if they get certain benefits and have a business idea that could work.
Crowdfunding is the fastest growing alternative to fund your business, the idea is to ask a large number of people for a small amount of money, turning the original funding model on its head. To find out more click on the links below:
Crowdfunder enables people with a great idea to raise the money they need in return for 'rewards'
Crowdcube enable anyone to invest alongside professional investors in start-up, early stage and growth businesses through equity, debt and investment fund options
Seedrs is an online platform for discovering and investing in great startups.
Funding Circle is an online marketplace, which enables small businesses to borrow directly from people and organisations