Posted: Mon 3rd Feb 2020
As the UK continues to witness record numbers of people starting and growing a business, ensuring funding flows to these businesses remains a hot topic.
The past five years have been filled with innovation when it comes to new and alternative sources of funding for entrepreneurs. We have seen the rise of crowdfunding and peer to peer lending, alongside the launch of Start Up Loans and opening of corporate backed accelerators. High street banks continue to play a critical role and the government backed British Business Bank is ploughing millions into proven lenders to ensure cash gets to the right companies.
Profiled here are these and other sources of finance for your business; starting with angels and working our way through to working capital. Whichever form of funding you choose, be sure to take advice from professionals; from accountants and finance experts. Every company I know that has successfully secured money talks about the importance of being prepared for a pitch; know what the money is for, how it will be spent, and the return it will deliver. Then there's the task of keeping investors and lenders informed and on side.
You may be looking for funds to promote your business, develop a prototype, or to tide you over from one order to the next. Whatever the reason and however much the amount, I hope you'll find here a source of funding that provides a perfect match.