How to Create a Successful Funding Application
Want to find funding for your business but not sure where to look or how to apply? This workshop is for you!
Affordable funding is vital for small businesses but many who apply for the first time can find it difficult to know what is required to get the best chance of securing finance. In 2020, the Department for Business, Innovation and Skills found that half of first-time borrowers were rejected for finance, resulting in 37% giving up and cancelling their spending plans. By the end of this workshop, you should have the information to avoid becoming one of those rejections.
This workshop will take you step-by-step how and where to apply for finance in order to raise your chances of a successful application.
We will cover:
- The various loan and grant funding options that you can access
- What information lenders will require from you
- What your bank manager (or other investor) will want to see
- How you should present that information in order to obtain the loan / grant and the best terms available
- We shall also discuss current grant funding opportunities (mostly outside of Exeter) – i.e. funds that do not have to be repaid.
The Thrive service has been fully-funded by the European Development Fund to allow us to offer you 12 hours of free business support through a range of one-to-one advice and workshops with expert advisors and speakers. This workshop forms part of the free support available to you so please visit our Thrive page for the full details.
Please note that we usually allow 10 to 15 minutes at the start of our workshops to complete a couple of forms which are a requirement for the funding of the Thrive service, and enable us to provide this support to you for free! Please ensure that you have your or Company Registration Number or Unique Taxpayer Reference (UTR) Number to hand.
To be eligible to attend this free workshop you need to be based in Devon or Somerset (excluding Torridge, North Devon, North Somerset & BaNES). If you are unsure, you can check by entering your postcode into the Government Council Checker. You can find further details about the eligibility criteria here.
The Heart of the South West Growth Hub Service for All is receiving up to £781,965 of funding from the England European Regional Development Fund (ERDF). The accountable body for this programme is Devon County Council.