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Typical Sources and Types of Finance and Business Support

Below are just some sources of finance and business support available*:

Source

Type

Range

Business Link Free business advice and discretionary consultancy grant Average 50% cost for 5 - 10 days consultancy support
MAS Free manufacturing advice and discretionary grant Average 50% cost for 5 - 10 days consultancy support
Carbon Trust Energy saving advice Loans and grants £50k +
Small Firms Loan Guarantee (SFLG) Bank loan backed by government guarantee

Businesses less than 5 years old
Up to £250k
Base + margin + av 2%

Banks Debt - Loans and overdraft Depends on business needs £100 - £1m + base + margin
Hire Purchase / Leasing Asset based purchases required - base rate + margin Linked to value of Asset - deposit 20%
Fair Finance Consortium Loans to individuals / businesses having difficulty raising traditional finance £1k - £50k Interest charge higher than traditional bank finance
Business Angels Risk Capital - private investors seeking a healthy return Typically £50k - £1m +
Venture Capital Risk Capital - professional investors seeking healthy return from rapidly growing businesses £100k - £5m +
Princes Trust UK Charity - loans and grants to people 18 and 30 to start a business Up to £5k
Selective Finance for Investment in England (SFI) Grant to assist in capital investment 9% - 35%
Research and Development Grants (GRD) Grants to assist in development of technological and innovative products and processes

Micro projects - 50% up to £20k
R&D project - 60% - 65% up to £75k
Development projects - 35% - 40% up to £200k
Exceptional Projects - 35% up to £500k


* Source: Business Link
 

June 2010 Emergency Budget
Full details and Comment ... click here

Post election tax rates 2010-11
Download our PDF file of all the current tax rates ... click here

Advantage West Midlands Bridge to Growth scheme
Are you a foreign owned business looking for help and support in setting up a UK operation? .... click here

Essential update for Employers March 2010
What Employers need to know ..... click here

Service address for Directors
From 1 October 2009 every Director of a limited company must provide Companies House with both their usual residential address, and for each directorship they hold, a service address..... click here

Changes in Company Car Tax
Companies which finance eco-unfriendly cars for employees could find their tax relief going up in smoke under new rules which came into force on April 5...click here 

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