There are different circumstances that can influence which finance option or investment solution is the most suitable for your business.
In addition, there's a lot of information you should consider when it comes to what finance might be used for, and what borrowing criteria you need to satisfy to access it.
So how do you decide what is right for you?
On this page you can discover some of the most relevant finance options for Greater Manchester businesses. We have defined exactly what a category of finance is, what the benefits are, who is eligible, what risks could be involved and what you might need to access it.
A way to raise funds for your business by selling shares or partial ownership to people or an organisation in return for money, who can share in your profits or losses. Equity funding can help you raise large amounts without building up debt, and your investors will have a personal stake in helping your business succeed.
Angel Investors are typically wealthy individuals who invest their own money into promising start-ups in exchange for a share in the ownership of the business.
Venture capitalists are professional firms or groups that tend to invest larger amounts of money in more established or potentially into significantly scalable businesses.
Equity investment from the Northern Powerhouse Investment Fund (NPIF) enables your business to access capital funding in exchange for a negotiated stake in it.
Sometimes known as business loans, these are paid back over time and you can sometimes set up flexible repayment plans depending on your business' cashflows.
Invoice finance involves a provider giving you a portion of the money owed to your business by customers. It allows you to access much-needed cash quickly.
Allows a business to purchase assets without paying the full amount upfront, getting quicker access to vehicles, machinery or equipment to grow the business.
Cashflow finance helps you manage day-to-day expenses and business operations by providing quick access to money based on expected future income.
Trade finance helps businesses buy and sell goods across the globe, making international trade easier.
Innovate UK SMART Grants support ground-breaking and viable research and development (R&D) projects.
Knowledge Transfer Partnerships (KTPs) are collaborative projects that support the transfer of knowledge, expertise, and technology between businesses and academic institutions.
The Innovate UK Unlocking Potential Award aims to boost business innovation by providing support and funding to under-represented or overlooked innovators.
Funds provided by government organisations or agencies that can support you with specific business projects, initiatives or activities. Unlike public sector grants, public sector loans must be repaid over a set time period with interest, and this interest is typically at a lower rate than loans from private lenders.
Innovate UK is the UK’s national innovation agency that supports business-led innovation in all sectors, technologies and regions.
The Greater Manchester Business Investment Fund is a scheme for local businesses to access investment and financial assistance to promote growth and create jobs.
Bootstrapping typically occurs when starting a business with little or no assets and allows the business to develop without sourcing external capital.
The content and materials featured or linked to are for your information and education only and are not intended to address your personal or business requirements.
The information does not constitute financial advice or recommendation and should not be considered as such.
Simplifi is not regulated by the Financial Conduct Authority (FCA), its authors are not financial advisors, and it is therefore not authorised to offer financial advice.
Always do your own research and seek independent financial advice when required. Any arrangement made between you and any third party named or linked to or from the site is at your sole risk and responsibility.
Simplifi assumes no liability for your actions.
