Finance for Business
If you are starting up a new business or wanting to develop and
grow an existing business, it's inevitable that you’ll need some
financial assistance at some point. You may need finance to get
your venture off the ground, to further research your idea, to
expand your business, or to help with buying equipment.
The NWDA manages and funds a number of business finance
solutions designed to help businesses in the region to
start up and grow. These include grant schemes where money is given
to a new or existing business for a specific project, as well as a
number of loans and investment schemes where the money
is repayable when the company has income, profits or shares
are sold.
Our range of finance solutions include:
Capital Investment Grants - available
for businesses undertaking capital investment
projects but need the financial help to go ahead.
Grants for Research and
Development - to help small businesses carry
out research and development work that will lead to
innovative new products or processes for a commercial
market.
Equity Finance - aimed at start-ups and
small businesses, particularly early stage and high growth
potential businesses which do not meet banking criteria.
Business
Angels are wealthy individuals looking to
invest in a good business idea in return for equity.
Small Business Loans - loans of between £3,000
to £30,000 for start ups, established small businesses and
not-for-profit social enterprises unable to raise finance from
the banking and financial services sector.
For more information and/or to apply online visit
our Finance for Business website at www.nwda.co.uk/finance
Alternatively if you are unsure which type of
finance is right for you contact Business Link Northwest on 0845
0066 888 or visit www.businesslink.gov.uk/northwest.