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Search the government’s website for relevant financial support here: www.gov.uk/business-finance-support
Contact Opportunity Peterborough for more free and impartial business support.
The CPCA Growth Hub is rolling out a new, intensive programme of structured business support and grants, funded by the Community Renewal Fund (CRF) and Local Authority partners.
If you are an entrepreneur considering starting a business; or have already started, but been trading for less than 3 years with 3 or less staff, and in Peterborough, Huntingdonshire or Fenland local authority areas, you could be eligible for grant funding and strategic business support through the Growth Hub.
If you’re in receipt of Universal Credit you may be able to get New Enterprise Allowance to help you:
To find out if you’re eligible for New Enterprise Allowance, contact your work coach by signing in to your Universal Credit account.
A Start Up Loan is a personal loan for business purposes, it aims to help individuals starting a new venture which is either still in the planning stages or has been trading for up to 12 months, although in certain circumstances this may be extended to 24 months.
When you join the free Enterprise programme run by The Prince’s Trust, you’ll benefit from the skills, training and mentoring to make your business a success – along with the chance to apply for a low-interest loan.
Prince’s Trust works with the Start Up Loans Company to offer low-interest business loans between £500 to £5,000 at a rate of 6.2% APR.
Fredericks is a Responsible Finance Provider (RFP) and a charity that provides loans to people who want to set up a new business or maintain or expand an existing business. Fredericks is open to anyone who has a viable business proposition but cannot obtain mainstream finance.
For start-up businesses we offer up to a maximum of £10,000, though our average loan is less than £5,000. For established businesses with a financial track record of at least 3 years the maximum loan is £20,000.
UKRI is the UK’s innovation agency resource for innovative SMEs from any sector who are ambitious to grow further and scale. Click here to search for funding opportunities.
Your company (or group of companies if you’re a parent company) may qualify if it is less than 2 years old, and at the time of investment has:
Borrow between £10k – £100k to invest in your business plans up to a maximum of 7 years. Loans are available to businesses trading for more than 24 months, but earlier stage businesses can be considered.