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Funding for Start-Ups
There are a range of sources of finance that may help your business. Below you will find a few specific funders for start-up companies, but it also worth looking under internal links for other facilities that help you find specific funding initiatives.
Fredericks Foundation
The Fredericks Foundation charity offers start up finance of up to £5000 for new businesses wishing to start in Hampshire, Surrey, Sussex or Berkshire. They have a priority focus on individuals that fall into the following categories:
- financial hardship
- unemployed
- single parents
- ex-offenders
- disabled
For more information, visit Fredericks Foundation website or call 01276 472 722.
Princes Trust
The Princes Trust provides guidance and support to young people in the pre-start stage of business start up. They also provide low cost funding and mentor support to those who are successful in their application to the Trust. Applicants should be 18 - 30, unemployed (working 16 hours or less per week) and unable to obtain all their start up funding from alternative sources.
For more information, visit Princes Trust website or call 0800 842 842.
Small Firms Loan Guarantee
Some small to medium-sized enterprises are unable to obtain a conventional loan because they do not have assets to offer as security. The DTI's Small Firms Loan Guarantee helps to overcome this by providing lenders with a government guarantee against default in certain circumstances.
For more information and for details of participating lenders, visit Small Firms Loan Guarantee website.
South Coast Money Line
South Coast Money Line provides funding for start-up businesses who are unable to access funding from high street banks, or in siutations where a relatively small amount of funding is required. Those who have low credit scoring or adverse credit history can also apply for assistance.
For more information visit South Coast Money Line website or call 0845 389 9494.
Solent Enterprise Hub
Your local Solent Enterprise Hub Director can offer professional advice on early stage finance and relevant government funding. They also have relationships with major banks, business angels and venture capital sources. The focus is on high growth technology companies.
For more information visit Solent Enterprise Hub website, email startups@solent hub.co.uk or call 023 9265 8208. (For more information on Angels for Growth click on the 'Internal link' provided.)
