Get funding for your business

image
Print Friendly

Whether you are starting out in business, or attempting to enhance an existing project, everyone needs extra cash flow to get things moving in the right direction and maximising the idea’s potential.

Whether you’re starting an online shopping venture or looking to upgrade your community choir, here are some ways to purse a financial boost

Giving your project a kick-start

Crowdfunding has never been a more popular way of helping get a project off the ground or keeping it afloat. Asking many people to contribute a small amount each to a single project rather than targeting a handful of large investors was unheard of a decade ago, but now it’s the most popular way to fund your dreams online. The most high-profile of these crowdfunding agencies is Kickstarter. An estimated £350m was pledged through the site in 2014, helping to boost projects as diverse as children’s learning tools to videogames and a gadget which monitors sleep patterns. A good place to start is having a look at the UK Crowdfunding site which features a handy FAQ.

Be enterprising

If your project is not just about making money for yourself, key shareholders and investors, but has an element of benefitting the wider community, then you’ve entered the realm of social enterprise. Should your project increase people’s chances in life or tackle societal problems or improve the environment, then who knows, you might have the next Big Issue or Eden Project on your hands. Potential finance for social enterprises ranges from grants to social investment. Socialenterprise.org.uk is the place to go for further details.

It’s a lottery

When we think of a national lottery, balls spinning around massive see-through containers might spring to mind. But lottery funding doesn’t have to involve queuing for a ticket with your ‘lucky’ numbers on it. The Heritage Lottery Fund can help finance projects which ‘make a lasting difference for heritage, people and communities’ while the Big Lottery Fund’s Awards For All can boost small, community-based projects across the UK with an estimated £6b having been distributed across the country since 2004.

Feeding your creative side

Should your project be of a specifically arts and culture nature, then you can apply for an arts grant. Central funding is devolved around the country so the Arts Councils in England, Wales and Northern Ireland as well as Creative Scotland are the bodies which might help your project, while other bodies are set up to act on behalf of a particular genre.

Have you been successful in securing funding for your business or project? 

The following two tabs change content below.

Silversurfers Features Editor

Hello there! I’m Rachel and I’m the Features Editor for Silversurfers. I work behind the scenes to bring interesting, informative and entertaining subject matter to the Silversurfers community. I hope you enjoy the features we have shared with you. Please feel free to comment below and share your thoughts with us, we love to hear from you!

Latest posts by Silversurfers Features Editor (see all)

Not a member?

Join the silversurfers community today! It's free, easy to do, and is packed full of features and amazing offers!

Join the community!
Click here if you have forgotten your password

Community Terms & Conditions

Content standards

These content standards apply to any and all material which you contribute to our site (contributions), and to any interactive services associated with it.

You must comply with the spirit of the following standards as well as the letter. The standards apply to each part of any contribution as well as to its whole.

Contributions must:

be accurate (where they state facts); be genuinely held (where they state opinions); and comply with applicable law in the UK and in any country from which they are posted.

Contributions must not:

contain any material which is defamatory of any person; or contain any material which is obscene, offensive, hateful or inflammatory; or promote sexually explicit material; or promote violence; promote discrimination based on race, sex, religion, nationality, disability, sexual orientation or age; or infringe any copyright, database right or trade mark of any other person; or be likely to deceive any person; or be made in breach of any legal duty owed to a third party, such as a contractual duty or a duty of confidence; or promote any illegal activity; or be threatening, abuse or invade another’s privacy, or cause annoyance, inconvenience or needless anxiety; or be likely to harass, upset, embarrass, alarm or annoy any other person; or be used to impersonate any person, or to misrepresent your identity or affiliation with any person; or give the impression that they emanate from us, if this is not the case; or advocate, promote or assist any unlawful act such as (by way of example only) copyright infringement or computer misuse.

Nurturing a safe environment

Our Silversurfers community is designed to foster friendships, based on trust, honesty, integrity and loyalty and is underpinned by these values.

We don't tolerate swearing, and reserve the right to remove any posts which we feel may offend others... let's keep it friendly!

More Financial

Plan a secure and brighter retirement Plan a secure retirement image
Do you want to know how to plan a secure & brighter retirement – it’s easier than you...
Budget ahead for the festive season Pig Money Box Between Christmas Gift
Between the parties, family feast and wrapped presents under the tree, the festive period can get...
Common financial scams and how to spot them Online scamming concept with hand wearing black glove
Unfortunately scammers are becoming more sophisticated in the way they try to steal information...
Six top tips for planning your funeral Silversurfers GC article 2
Plan for the future We’ve already outlined in our previous article how the cost of dying...
Finding information on benefits and grants bigstock-family-business-savings-age-80191997
With everyone trying to cut costs these days, it’s increasingly unlikely that people will hand...
Setting up a savings account for your grandchild family, children, money, investments and people concept - close
Watching your grandchildren grow up is a rewarding and special time and it may seem like a long...
What does the budget mean to Silversurfers? osbo
Chancellor George Osborne’s Budget offered up a few surprises today and there was plenty for the...
Setting up your children for financial success education, school and money saving concept - smiling child putti
With the cost of living and education on an upward trajectory, you might find your adult children...
Autumn Statement: What it means for you Autumn Statement
A wholesale reform of Stamp Duty on property purchases and changes to the rules on the way...
Easy ways to make money – without a new job Money Saving
When you're in need of some extra cash it seems inevitable that you'll have to take on a new job...
Simple ways to save for Christmas Piggy bank with Santa Claus hat balancing on a Christmas ball
Now that November is here, retail shops around the country are getting ready for Christmas...
Easy ways to cut down your costs ahead of retirement saving for retirement
If retirement is just around the corner then there's much to look forward to: a break after a long...