If your business is seeking funding for growth or innovation, there are a number of sources that you may be able to turn to.
Public sector initiatives are announced and rolled out throughout the year, including by Government authorities, public bodies and local authorities.
Private sector funding may come from companies or individuals. It may support general growth of your business or individual projects, where the investor or funding provider may have a stake.
Often, it concentrates on fuelling growth in particular industries, most notably in sectors such as green technology and drug development – which have experienced a lot of growth in recent years.
Here’s what you need to know about securing finance for your business.
It’s essential to carefully review eligibility and project criteria before applying for any funding, to ensure that it’s right for you and your business.
Key things to consider include:
You’re successful! What next?
Acquiring capital is only the first stage towards growth. Efficiently managing these funds to maximise their impact is crucial.
Here are some key considerations to keep in mind:
Maximising your funding
Before and during your funding application process, we strongly recommend consulting an accounting expert to help you identify the right sources of funding for you.
An accountant can review your current financial situation, determining if you’re adequately prepared for additional financing and how to make the most of it within your business.