Funding

Running your own business can be both an exciting and daunting prospect but if you need support with finance, whether you're starting a business or growing one, there are a range of financial options available including loans and grant schemes, depending on your type and size of business.

Although we do not offer any business grants we have a range of tools that can help you find the right option for your business.

Grants 4 Havering

The Grants 4 Havering database enables you to search for funding for your projects from thousands of funding opportunities, and it's free and easy to use.

Simply visit the Grants 4: Havering website, register your details and start using the service.

Start Up Loans fund 

The Start Up Loans Company offers a financing and mentoring solution for entrepreneurs looking to start a business, providing support to help their venture succeed.

With £151 million of government funding, the scheme is on target to help entrepreneurs across the country start their businesses.

The business loan ranges from £2,500 to £10,000, and each loan is coupled with an expert mentor from your region and industry who supports you in the initial phase of business development.

Start Up Loans eligibility

You must:

  • be living in England, Scotland, Wales or Northern Ireland
  • a new start up, or a business trading for under 12 months
  • have permission to remain in England, Scotland, Wales or Northern Ireland until the loan is repaid
  • the right to self-employment

Start up loans - How to apply

If you have a business idea and are looking to take it off the ground, fill out this short application form.

Once you have applied, we will be in touch to take it further.

If your application has been successful, you will receive both a loan and a mentor.

Prince's Trust

The Prince's Trust has been appointed by the Start Up Loans Company as a Delivery Partner to support young people into business through our Enterprise programme.

The Trust will be offering start-up loans to young entrepreneurs going forward, after securing funding from the Start Up Loans Company. The funding comes following the government announcement of a loan fund to support 18 to 30 year-olds to set up in business.

The Start Up Loans Company is an independent body, chaired by Dragons' Den entrepreneur James Caan. The Prince's Trust is a confirmed delivery partner and will administer the start-up loans through its existing Enterprise programme.

The Trust's Enterprise programme, which was established 30 years ago, helps unemployed and disadvantaged young people to explore entrepreneurial ideas and turn their business plans into reality with a low-interest loan and a mentor.

Overall, the government's Start Up Loan scheme is anticipated to lend to thousands more start-ups, supporting new businesses and boosting economic growth at a critical time.

Young people can find out more about the Enterprise programme online, or call 0800 842 842 to find out how The Prince's Trust can help them.

 

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