GROWTH FUNDING & GRANTS
With venture capital experience in a management buyout and access to government grants through expert advisors in the ibd Business Advice Group network, BGML can help you to find the right growth funding solution for your business.
To ensure that we capture the situation and aims of your business, we will offer a full business review, conducted free of charge or obligation.
Start-up loan in England & Wales.
‘Start-Up Loans’ is a government-backed scheme, providing low-interest and unsecured repayable loans and free business support. Loans of up to £25,000 are available for people aged 18 or over, living in the UK.
Through its membership of ibd Business Advice Group, BGML can help you write your business plan, prepare and submit your application and support you through the early start-up phases and beyond. ibd Business Advice Group has successfully processed supported over 1,000 applications since the scheme was introduced.
R&D Tax Relief
This government-backed scheme is available to SMEs with less than 500 employees and either a turnover of less than €86m or a balance sheet of less than €100m.
Qualifying costs can include salaries/wages, subcontractors, items consumed in the development, utilities and certain software costs. Claimants can be technology or science-based.
You do not have to be a profitable business and in fact, the scheme can be more generous to loss-making companies.
HMRC target to clear claims within 28 days of submission.
Other UK government-backed schemes
BGML and the umbrella network ibd Business Advisors Group Ltd can advise on the changing grant and loan schemes offered by the UK government. In some areas of the UK, capital investment grant support still exists. Some of the European Regional Development Fund (ERDF) schemes are likely to be replaced by UK government schemes before 31.12.2020.
Private investor search and other funding options.
BGML and our experts within the ibd Business Advisors Group Ltd will work alongside your current advisors to explore all the safe and secure funding options, which are compatible with your medium and long term aims for the business.
BGML offers a comprehensive range of services to support owners, CEOs, managing and finance directors to secure the best growth funding package for your business.
R&D tax credits
Preparing an investor prospectus
Growth funding options
Private investor/business angel search.
Please call us for a confidential preliminary discussion with no obligation.