How to Create a Successful Funding Application

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.

Eligibility:

To be eligible to attend this free workshop you or your business 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.

 If you have any questions please call us on 01837 659 059 or email team@businessinfopoint.co.uk. Please check our privacy policy to see how we store and manage your submitted data.

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.