R J Rendell & Co - Grant/Funding Consultants/Questionnaire

Robin Rendell T/A R J RENDELL & CO

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Planning for funding is an excellent business tool.

We have designed a simple questionnaire to help us help you source potential funds for your future investment proposals.

Contact us to receive your copy of the questionnaire and a FREE initial indication of what funds may be available for your business.

Funding for small and medium-sized enterprises has become increasingly difficult to source and, when it is available, it can often be at a high and sometimes prohibitive cost to those businesses and their shareholders. It is more essential than ever you plan for funding and give yourself sufficient time to identify, prepare and submit an application and secure the most appropriate funding for your business.

Too little time leads to too high a cost.

Funding is available for businesses that can provide real and evidential proof of suitability. It may sound obvious, but it's always a good start to show the potential lender or investor you know exactly why you need the funding. Applications can fail simply because the proposal is too vague. Then, when you have decided on the best type of funding for your business, don't settle for something you consider less appropriate because it is the easiest option or something a lender considers it more appropriate to promote.

Too little time leads to fewer choices

There is a wide variety of funding opportunities available to UK business. Some funders impose tougher conditions on businesses than others. Some demand personal guarantees to replace or back up security available from the business.

Too little time leads to too high a risk

Public sector grants for UK projects based on capital investment and jobs are restricted essentially to businesses in or proposing to locate in Scotland and Northern Ireland, although some local authorities outside these areas operate smaller grant schemes. There is some potential to source non-repayable funding in Wales for projects that are seen to be internationally mobile. Public sector funding is increasingly prioritised on key sectors of the economy, either directly or on the relevant supply chains. Regional funds operate throughout the UK to provide development and loan funding for businesses, although these are also often, but not exclusively, targeted at key industry sectors. Access to some of the loan funds can require the applicant to have been turned down by a bank.

These funds are in addition to and supplement the more traditional funding streams, such as bank loans and overdrafts, venture capital, invoice discounting and asset finance.

This page will provide thumbnail descriptions of a regularly changing selection of current schemes.

Regional Selective Assistance (Scotland). Discretionary grant scheme enabling businesses undertake eligible investment-based projects in the Assisted Areas of Scotland that are linked to creating and/or safeguarding jobs.
Technology Strategy Board Grant for R & D (UK). Discretionary grant scheme to assist UK-based SMEs undertake R & D in strategically important areas of engineering, science and technology.
North West Fund (North West of England). Debt and equity finance of between £50k and £2m, from six separate and autonomous fund managers, for SMEs in the North West of England.

Planning for funding gives you time

Grants & other funding