Funding

If you need funding to start or grow a business, here are some options you might like to explore.

Grants

Unfortunately there aren’t many grants (aka ‘free money’) out there these days but NBSL are still offering up to 35% funding towards a ‘business improvement project’ costing between £3,000 and £8,000 via their excellent ‘North East Business Support Fund‘ which is expected to run out in December 2017!

Loans

If you need more than just funding, a Government-backed ‘Startup Loan’ from Gateshead-based Transmit Startups could be just what you need! Offering expert business advice, mentoring & funding between £500-£25,000 to businesses less than 2yrs old, register your interest here.

Crowdfunding

Most people have heard of crowdfunding thanks to websites like Kickstarter and Indiegogo which are particularly good for creative projects, events and gadgets like the ‘Pebble’ watch but less suitable for businesses looking to raise seed funding or follow-on funding to help them grow.

This is where ‘equity crowdfunding’ platforms like Crowdcube come into play – enabling everyday investors to invest alongside professionals and venture capital firms in startups, early and growth-stage businesses in return for shares in your company.

We (Plan Digital) recently became Referral Partners for Crowdcube in the North East so if you’re interested in raising money through the platform, please email us so we can discuss your business and help fast-track your application to speed up the process.

Angel Investment

NorthInvest is a not-for-profit company founded by Adam Beaumont (CEO of Leeds-based telecoms giant aql), connecting businesses with mentors and investors. Working with major influencers, investors and other key ecosystems across the North of England, they provide an inclusive, convenient platform that allows access to relevant and passionate investors.

If you have an opportunity you’d like them to consider, simply complete the form online.