Funding from start-up loans and grants Funding from start-up loans and grants

Start-Up Loans

Startup Loans

Government-backed loan scheme for start-ups, which also provides free business support and helps applicants to develop their business plan and cash flow forecast. With a fixed interest rate of just 6% per annum, you may be able to borrow between £500 - £25,000.

Funding programmes for students & young entrepreneurs

Santander Grant

Apply for either the £250 ‘Try It’ or the £2,000 ‘Do It’ grant through the UEA Student Enterprise team, supported by Santander Universities. Available to all UEA students and up to 6 months after graduation.

Shell LiveWIRE

Online community of young entrepreneurs aged 16-30 which offers free business advice and funding of up to £5,000 each month through the Smarter Future Programme, for ideas which address sustainable living challenges.

Grants

It is worth exploring the main grant databases. You can search based on what you want to achieve: i.e. training, innovation, environmental improvements. You can also search by personal or businesses characteristics, such as location, sector, your age, gender etc. The following sites are extensive and free:

j4bGrants

Grantsnet

GRANTfinder (subscription-based, but often offered for free by the Millenium Business Library in Norwich)

Local grant schemes

New Anglia Micro Grant Scheme

The New Anglia Local Enterprise Partnership is inviting local businesses to apply for grants between £1,000 and £10,000 with this Micro Grant Scheme, which is part-funded by the European Regional Development Fund.

Norwich 4 New Enterprise

Grants of up to £5,000 are being made available to local businesses which may be lacking the necessary financial support for growth, as part of the N4NE programme delivered by Norfolk Community Foundation.

Social Enterprise Grants

If you are developing a social enterprise, these funding avenues may be worth exploring:

Awards for All   

This Big Lottery programme offers grants of between £300 and £10,000 for grassroots and community activity. It doesn’t have a deadline and you can apply at any time.

Norfolk Community Foundation  

Manage several Nofolk-based funds aimed at charities and community groups.

Shell Springboard

Competitive funding programme in which SMEs are invited to apply for funding of up to £150,000 for commercially-viable, innovative business ideas aimed at reducing carbon emissions.

UnLtd

A leading provider of support to social ventures in the UK, supporting individuals with ideas designed to deliver positive social change. Their grant programme is available to social entrepreneurs at every stage, from starting up to scaling up.