Although this process may seem unnerving or headache inducing to begin with, it is important to secure funding if you do not already have enough to support your endeavours.
As grants and funding can be difficult to obtain, there are several companies in the Sheffield city region that can provide a multitude of help and advice throughout your business growth journey. For example, companies such as The British Business Bank can help you to understand your finance options and get investor ready. Their simple search bar can help you find the best source of funding suitable for your business growth needs. Acting on behalf of The British Business Bank are Finance for Enterprise. They are responsible for helping SME’s unlock their growth potential for the past 30 years. With offices in South Yorkshire and North East Lincolnshire, they provide bespoke and tailored packages, which enable clients to access loans up to £250,000.
Another alternative for entrepreneurs is the option of Angel Investment. Angel Groups consists of distinctly separate groups all of whom share the same angel funding platform. This platform will give you access to a bank of investors and help you to organise and manage your own investments.
If this is the first time you are applying for funding and you have no clue where to start - FCS Associates are experts on bid and tender writing. The team at FCS can also help to point you in the right direction, whether it is funding needed for Research and Development, Capital Equipment, Training Skills and Development or Business Support, there are plenty of options on offer.
It’s obvious that funding is the fuel on which a business runs, and it is clear there are plenty of avenues to explore in the Sheffield City Region. Each grant will have its own application process with different criteria to fulfil. It may benefit you to attend a finance masterclass to explain the process of a lending application, there are plenty of free workshops around the region so researching upcoming events could be beneficial.