Latest News

19 Jul

Medilink East Midlands Innovation Day

The Pro-Vice Chancellor for Innovation at Oxford University, the Deputy Director of the NHS Innovation Accelerator and an award-winning Science Author and former BBC Science Correspondent were among the guest speakers.

17 Jul

Continued jobs growth bodes well for future prosperity

The number of people in work in the East Midlands continues to rise, according to figures released this morning.

17 Jul

Chamber gives evidence at BEIS committee

Improved rail services and fairer infrastructure investment in the East Midlands will drive growth, East Midlands Chamber Director of Policy Chris Hobson told a Business Energy and Industrial Strategy committee at Westminster this morning.

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.