1. Presented By: Jill Burnett – UWE Enterprise Manager
Sources of Finance
BizIdea Workshop
Presented By: Jill Burnett – UWE Enterprise Manager

2. Overview Sales & profit Grants Tax refunds Loans Equity
5 ways to fund your business:
Sales & profit
Grants
Tax refunds
Loans
Equity

3. Grants Grant funder is seeking to influence outcomes. You need to
Meet the criteria
Follow the application process
Deliver the project as planned

4. eg SWRDA R&D Grants
Share technical risk to encourage exploitation of new IP
Provide £5K - £250K MATCHED funding, dependent on stage and scale of project
Submit a detailed proposal, 3 year cash flows and an application form
Allow 3 months for assessment
Grant payments quarterly in arears against receipts

5. eg TSB Creative Industries Competitions
To drive growth within UK content industries and promote exploitation of the underlying digital technologies.
Provide up to £50K which may be matched IN KIND
EOI by 23 April 09
EOI response within 3 working days
Invitation to apply, short application form
Rapid assessment

6. UWE Seed funding for innovative ‘Proof of Concept’ projects
Up to £10K & 6 months duration
To leverage further funding
2 page application
Discuss project with us first
Payments on agreed milestones

7. j4b.co.uk Comprehensive grant information for the UK & Ireland.
Over 4,500 financial programs researched with daily updates.
Covering European, national government and lottery funding plus regional and local funding.
Find Grants, Loans, Tax Relief, Venture Capital and Awards to support your organisation.

8. J4b on grant sources
A grant is a sum of money paid to an individual or business for a specific purpose or project.
Search for grants now
Most grants will be provided by central government and administered by regional and local authorities and support agencies.

9. Innovation funding
We have (almost) proved that you can get a business off the ground with a series of product innovation grants:
UWE PoC £10K
TSB feasibility £15K + £5K in kind
TSB fast track £50K + £50K in kind
… business now targeting 1st sales with demonstrable product and ‘customer’ references
But sooner or later you may need to find additional sources …..

10. Overview 5 sources of funding: Sales & profit Grants Tax refunds Loans
Equity