Business Support
Funding and Raising Capital | BBV |
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Government Finance Scheme's
Businesses enabled to access secure loans of between £1,000 and £1M from banks through government guarantee. Available from high street banks the scheme will continue until 2014-15, providing up to £600 million of additional lending to around 6,000 SMEs in 2011-12 and, subject to demand, over £2 billion in total over the next 4 years.
Pledges of Support from High Street Banks
Lloyds TSB Commercial, as part of Lloyds Banking Group, has further underlined its support for UK businesses, with the launch of a new 2012 Charter, setting out a series of commitments to help small and medium sized businesses grow as the recovery gains momentum.
HSBC
Committed to helping businesses access finance at any stage.
Loan Funds
HBV Enterprise has a long track record of financing start-up, micro and small enterprises
The first ever online marketplace to enable savers and investors to sidestep banks and lend directly to small businesses. Funding Circle differs from other social lending platforms in that it facilitates loans to businesses, rather than consumers. It will provide low cost finance for creditworthy, small UK firms frustrated by the loan terms offered by the high street banks.
RateSetter is not a bank and therefore does not lend money itself. It helps ordinary individuals lend and borrow money. Borrowers say how much money they need, then they set the interest rate they’re happy to pay. Savers say how much money they want to invest, then they set the interest they’re happy to receive. Ratesetter then matches them up.
Launched in March 2005, Zopa was the very first online 'peer-to-peer' lending marketplace anywhere in the world – a true UK innovation in the dotcom world normally dominated by the USA.Zopa has around half a million members who have now lent more than £135 million between each other, all at rates they have agreed between themselves.
The Prince’s Initiative for Mature Enterprise (PRIME) has launched a new loan scheme – the ‘PRIME Business Start-Up Loan’. This is designed to support people aged over 50 to get access to funds to become self-employed or set up their own business.Personal, unsecured loan amounts – from £500 to £10,000
The Social Enterprise Loan Fund The Social Enterprise Loan Fund is a registered charity whose aims are to support through the provision of loan finance to SME's and social enterprises engaged in social regeneration projects. Loan size from £15,000 to £250,000.
The Prince’s Trust Enterprise Programme supports unemployed young people aged 18-30 to work out if their business ideas are viable and whether self-employment is right for them. Applications for start-up funding are assessed in relation to a number of factors including perceived risk, business viability and individual need.
The loan fund is dedicated to helping businesses that have been unable to raise the finance they require through traditional sources. This may be because they have no financial track record, a poor credit history or no assets to pledge as security.
The Trust is a registered charity. Since 1868 the its administration has been governed by a Scheme of the Charity Commissioners. Applicants need to be aged 39 or under and must have set up, or be about to set up in some trade, manufacture, business or profession in the area of Greater London.
Other Useful Websites
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