The UK government offers over 160 schemes to finance and support your business. Different types of support are available for businesses of all kinds, at all stages and of all sizes: direct grants, equity finance, soft loans – and even expertise and advice! You can check out the complete list of programs on the Business Finance Support Finder website.
Particularly relevant for those willing to start or grow their business is the Startup Loan Scheme. With over 80.000+ recipients supported through the program and more than 600K £ invested since its launch in 2012, such a scheme offers low-interest personal loans (repayable over a term of 1-5 years) and mentoring to people looking for a business loan to fund their startup. No fees for arranging the loan or paying it back early are also a benefit.
