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Funding for New Businesses

There are a number of possible sources of finance for your business including:

  • Personal savings
  • Family and friends
  • Bank and other loans
  • Grants
  • Equity funding
  • Crowd funding

If you are unemployed and in receipt of Job Seekers Allowance or certain other benefits, you should ask your Job Centre about New Enterprise Allowance as this can offer both financial and business advice for getting started.

Start Up Loans

Loans and mentoring for people over 18 years old who are looking to start a business.

Nationally, Start-Up Loans is government funded scheme to provide advice, business loans and mentoring to startup businesses, backed by the British Business Bank.

Delivery partners in the D2N2 LEP area include:

There are also a number of delivery partners that offer start-up loans throughout England including Virgin Start Up loans and the Princes's Trust.

NBV Grant for New Business

The NBV Grant for New Business supports start-up businesses based in Nottinghamshire and Derbyshire that are registered with Companies House or HMRC and ready to start selling to other businesses.
Grants of between £1000 and £2500 are available, up to a maximum of 25% of eligible costs, and can be used to purchase services or equipment to help you launch your new business.
NBV also offer a programme of support to help you to start and grow a business.

The Big House CDI grant

The Big House CDI Grant supports businesses in the creative and digital industries sector in Derbyshire and Nottinghamshire to start and grow. Eligible businesses will be trading or ready to start trading in Derbyshire or Nottinghamshire, registered with Companies House or HMRC and sell business to business NOT business to customer/retail. Grants of between £1000 and £2500 are available, to a maximum of 25% of eligible costs, minimum project spend £4000.


Social Enterprise Exchange

Accelerate your social enterprise start-up with a programme of start-up workshops, bespoke support, networking and social enterprise start-up grants provided to start-ups in the Sheffield City Region through the Social Enterprise Exchange.

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Find out more about sources of finance.