There’s not a lot of help available to people starting a new business.
Free advice and support is available through the ICAEW Business Advice Service and there’s information on the Business Link website. But in terms of financial assistance there’s not a lot out there. Most grants schemes only apply to established businesses. Often they need to have been trading for several years.
There is, however, one grant available that can help new businesses start-up in Bideford.
Bideford Bridge Trust offer a business start-up grant of up to £3,000 for businesses in their first year. The scheme is administered by Mike Lillis of Enterprise Start-up North Devon.
When the business enters its second year, it becomes eligible to apply for a second grant, which takes the total amount receivable up to £5,000.
To be eligible for the grant, you have to live in Bideford or the surrounding area.
For guidance concerning the grant process please contact Mike Lillis at Startup North Devon (complete their contact form).
If you need any help or advice concerning the best business structure for you, business plans, cash flow forecasts or strategy then please call us on 01237 421342.