Latest News

14 May

Trend shows rising employment across the East Midlands

The number of people in work in the East Midlands has risen for five out of the past six months according to figures released this morning.

08 May

Chamber welcomes Highlander as new Patron

A company with almost 25 years’ experience of taking the complications out of corporate IT has become the latest Patron of East Midlands Chamber.

25 Apr

Nottingham City Council release Procurement Strategy

Nottingham City Council’s Procurement Strategy (2018-2023) outlines its ambitions to ensure a percentage of spend is within the local economy.

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

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

A number of local delivery partners are available in the East Midlands region.

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.


 

A number of local authorities offer funding to help start a business in specific areas.  For more details look at Local Access to Finance.

Find out more about sources of finance.