Funding your start up business

Finance Schemes

Start-Up Loans

The Start Up Loans Company is a government funded initiative that provides start up support in the form of a repayable loan together with a business mentor for entrepreneurs across England and Northern Ireland.

The Blackpool Investment Fund - more details coming soon

The Blackpool Investment Fund is a loan fund set up by Blackpool Council to help businesses to assist finance investment projects creating jobs and growth in the local economy. It has been designed to complement capital grant schemes available in Lancashire, as well as other loan finance options.

New Enterprise Allowance Scheme

The NEA scheme is a business support programme offered by the Department of Work & Pensions (DWP). It aims to help those claiming certain unemployment benefits to pursue self-employment. As part of the scheme, you could also receive a weekly allowance for up to 26 weeks provided by DWP. On top of this, you may be eligible to apply for a low-cost loan through the Start Up Loans scheme.

Regional Growth Fund

East Lancashire Chamber of Commerce and delivery partners Regenerate Pennine Lancashire and North & Western Lancashire Chamber of Commerce have competitively secured £8 million from Round 6 of the Regional Growth Fund to stimulate enterprise across the County by providing grants and International Trade support to manufacturing businesses with the potential for economic growth. Grant Assistance

Up to 20% funding of the total project costs is available from the Lancashire Business Growth Fund with a minimum grant of £10,000.

Creative England Business Loans

The Creative England business loan fund supports companies who have problems accessing finance due to high levels of risk or uncertainty around the outcome of projects. It’s targeted at companies with demonstrable high growth potential which want to make a change in their development. Creative England Business Loans are secured loans of £50,000 to £200,000 for single projects. The maximum loan amount is 50% of the total project costs and companies must bring 50% of private sector match funding to the project.

The Arts Council England

Grants for the Arts is an open access funding programme for individuals, art organisations and other people who use the arts in their work. The Arts Council offer awards from £1,000 to £100,000 to support a wide variety of arts-related activities, from dance to visual arts, literature to theatre, music to combined arts.

North West Access to Finance

No matter what type of business you have, there’s no avoiding the fact that finance can be fundamental to success. Securing funding in today’s market can be a complex and difficult task, requiring time and specialist understanding of the various finance options.

Putting the right financial solutions in place can often mean the difference between success and failure for a company’s growth potential.

Access to Finance offers tangible support to unlock finances

Challenge Fund

Grants of up to £1 million a year are available for employers in animation, games, film, TV and VFX. The grants are to deliver creative and practical ways to boost skills and develop talent in their companies.