Where to find Business Funding apart from bank loans - Grants

[Jayman21]

Hello,
my business is about 13 years now proving service in business and technology consulting services but am out searching for business funding. are you able to share Where to find Business Funding apart from bank loans? preferably grants.
thanks

 

[ChrisCallaghan]

There are a couple of brokers on this forum that would be a good place to start. However if none reply, message me and I'd be happy to introduce you to a broker who can help.

 

[fisicx]

Funding for what? Why do you need the money? What’s wrong with a bank loan?

 

[Jayman21]

Funding for what? Why do you need the money? What’s wrong with a bank loan?

The funding is for re-branding and marketing, on-going operational cost and Tech equipments. more interested grants than loans. From an individual perspective it's to avoid the long term risk should one run into any difficulties.

 

[Mark T Jones]

Grants are purpose-specific. Usually social but sometimes geographical or political

The starting point- rather than asking if someone will give you money is to ask why they would wat to

Interest
Dividends
Exit
Purpose

 

[fisicx]

The funding is for re-branding and marketing, on-going operational cost and Tech equipments. more interested grants than loans. From an individual perspective it's to avoid the long term risk should one run into any difficulties.

Much of that will be better served with a bank loan. There will always be risk and a grant may well require a PG.

 

[Jayman21]

Though I was looking to avoid the route of a bank loan, your responses has been helpful. Thanks

 

[Mark T Jones]

Though I was looking to avoid the route of a bank loan, your responses has been helpful. Thanks

Bank is probably not the best loan source

 

[numbersrule]

I'd be very surprised if there are any grants for the type of purposes you have described.

If you are seeking a money giveaway with no risk to you, then as Mark T Jones has said there would need to be a purpose for the money, but not just any purpose, it would probably need to be a benefit to society or industry or tech, for example.

You mention your tech. You might wish to consider if you could attract a grant for a tech development for example.

Many grants originate from Academia institutions or associated organisations. It's because they tend to be for research.

Getting a grant to support a business profit motive is normally called shareholder investment.

 

[DoolallyTap]

I was looking to avoid the route of a bank loan - do you mean you cannot get one? banks want security, brokers charge fees and high interest, loan sharks are even worse.
A highly detailed business proposal with significant financials to almost prove the success is an obvious first step.

 

[Chris Ashdown]

The reasons you give are all high risk apart from the new tech equipment so any lender would look for a PG. You could try Invoice factoring where you send a copy of your invoices to a firm where they advance you most of the money near straight away so you dont have to wait for the customer to decide to pay, but obviously the only works on credit customers
For many items second hand or reconditioned items can be brought at very reduced cost on tech side
Not able to supply any suggestions on Grants or size of money you are looking for

 

[japancool]

There will always be risk and a grant may well require a PG.

Why would a grant require a PG?

 

[Mark T Jones]

Why would a grant require a PG?

Not unknown. Grants always come with lots of conditions, so a PG would kick in if conditions aren't met

 

[Paul Kelly ICHYB]

Speak to your local council.

There are some occasional pots that help existing businesses 'scale'. The support will more than likely come in action/activity, rather than cash.

 

[Jayman21]

Thanks for your input.

 

[GrantNest]

Hello,
my business is about 13 years now proving service in business and technology consulting services but am out searching for business funding. are you able to share Where to find Business Funding apart from bank loans? preferably grants.
thanks

Hi,
If you’re specifically looking for grants, there are quite a few options depending on your location, industry, and business stage.

I run a site called GrantNest that helps UK-based businesses find relevant grants each month, especially those that aren’t widely advertised. We focus on grants for small businesses, sole traders, and consultants just like yourself.

A few places to start:

• Find Business Support (Scotland) or your regional growth hub if you’re elsewhere in the UK
• Innovate UK (for tech or innovation-focused businesses)
• Local Authority funds, which are often short-term but under-publicised

If you’re interested, the site is free to sign up and we send out a curated list each month.

Happy to point you to some tailored options if you want to share where you’re based or what type of consulting work you do