Finding the right finance and funding for your business is vital to support growth.

The British Business Bank has now launched their Finance Hub website.

They are a Government-owned, independently-run development bank that’s helps more an 74,000 growing businesses to find the right finance option to help them reach their next ambition.

Their Finance Hub has been built to help businesses understand and discover the finance options that enable them to grow.

Click here to find out more about the Finance Hub website

Once you know how much financial support you’re going to need, you can begin to explore the options with our trusted guidance. A good place to start is by estimating the amount it will take to run your business for the year. This will help you assess your borrowing requirements.

During this finance and funding assessment, you should take into account:

  • How much funding you will need
  • Your financial forecast
  • Whether you can utilise personal assets

Once you have assessed these aspects, there are several key funding routes available. Many businesses choose to take advantage of grants and loans. For small business start-ups, grants can be an important part of the funding mix, and they’re relatively easy to come by if you know where to look. There are a number of organisations willing to help you understand which opportunities are best suited to your development plans, which can be found here.

Alternatively, crowd-funding, angel investment, and invoice factoring are excellent developmental steps and reliable financial support methods.

Whichever route you choose to support your business, we’ve put together a simple guide to help you navigate the multitude of planning and advice available.