Business grants
Financing your business
Identifying grants and loans
available to finance your business can be a confusing process.
There are a number of financial schemes available to
businesses in Rochdale for both new and existing businesses. For
more information on these please click on one of the following
links:
Business grants
Business grants for young people
If you are aged between 18-30, are
unemployed or work less than 16 hours per week, have a business
idea but have been unsuccessful in securing finance, then you may
be eligible for a start-up grant of up to £1,500 from the
Prince's Trust.
To find out if you are eligible and
to obtain more information contact the Prince's Trust.
Princes
Trust
Grants for creative
industries
The Greater Manchester Creative
Industries Development Service (CIDS) works to help new and
established creative businesses in Greater Manchester.
CIDS provide free grant searches on
finance available for Creative Industries from organisations such
as the Arts Council North West and the Prince's Trust.
For more information contact CIDS on
free-phone: 0800 1691143 or visit the website:
CIDS - working to help creative
industries in Greater Manchester.
Manufacturing e-commerce
grant
Grant of upto £2,500 available to
manufacturing companies looking to diversify online.
For more information contact the Manufacturing
Institute on tel: 01244 403305 or visit the website:
Manufacturing
Institue - creating growth in manufacturing.
Business loans
The majority of high street banks
offer a range of business loan packages to suit your business, with
small business loans of up to £25,000. To find out more
information, check out your local high street banks.
If you have been unsuccessful in
securing a bank loan to finance your business, you may be able to
access finance from some of the sources below:
The Enterprise Fund (TEF)
The Enterprise Fund are part of the
Manchester Solutions Group and offer loans to new and established
businesses that are unable to borrow from traditional lenders.
- Loans of between £250 - £30,000 are available for start-up and
existing businesses
To be eligible for a loan you
must:
- Have a viable business plan
- The right business skills and
commitment to make your business a success
- Be able to show borrowing refusal
from a bank or other financial provider
To find out whether you are eligible
for a loan please contact The Enterprise Fund on 0161 245 4713.
Business Finance North West
Business Finance North West
is the trading name for the finance arm of Bolton Business Ventures
Ltd.
Business Finance North West
delivers a number of loan funds that support new and established
businesses in the North West that are unable to borrow from
traditional lenders all or some of the finance needed.
North Manchester Business
Development Loan Fund
The North Manchester Business
Development Loan Fund is delivered by Business Finance North West
specifically for people in the Metropolitan Borough's of Bolton,
Bury, Oldham, Rochdale and Wigan who are seeking to raise
finance to set up or develop a business.
- Loans of up to £10,000 are available for start-up
businesses
- Loans of up to £30,000 are available for established small
businesses that are seeking to grow
To be eligible for a loan you
must:
- Have a viable business plan
- The right business skills and real committment to make
your business a success
- Be able to show borrowing refusal from a bank or other
financial provider
Bolton Business Ventures
Women In Business Loan Fund
A dedicated loan fund (delivered by
Business Finance North West) for female entrepreneurs across the
North West seeking to raise finance to grow or start a
business.
- Loans of up to £10,000 are available for start-up
businesses
- Loans of up to £30,000 are available for established small
businesses seeking to grow
Women In Business Loan
Fund
Creative Industries Loan Fund
Business Finance North West also
deliver a loan package dedicated for creative industries within the
North West that are seeking to raise finance to grow or start a
business. For further details on the the Creative Industries Loan
Fund or other initiatives delivered by Business Finance North West,
please contact Bolton Business Ventures.
Creative Industries Loan Fund
Financial assistance for
unemployed people
New Deal for self-employed
New Deal for self employed is part
of the Government's New Deal programme that aims to give
unemployed people the help and support they need to start their own
business.
The programme is specifically for
people who are eligble for New Deal and who want to set up a
business, but experience difficulties in comming off benefit
to start a business.
InBiz deliver the New Deal
programme in Rochdale and allow:
- A generous period of time to try out and profit from your
business idea
- The opportunity to continue to draw any benefits you may be
eligible for
- Personal Business Advisor for guidance and support
- Business Planning Workshops
- New Business Skills
The programme is delivered in three
stages:
Stage 1: Business
idea
Stage 2: Business planning
Stage 3: Test trading up to 26 weeks
If you would like to find out more
about the New Deal Programme, contact the local Job Centre Plus
Office on 01706 705 000.
Postal Address: Job Centre Plus, 2 Fleece Street, Rochdale OL16
1LT.
Job Centre Plus
For more information on any of the above services
you can also contact Business Support Solutions using the contact
details in the top right column.