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Getting financial help

As a self-employed person, you will need to consider what money you need to live on, as well as the money to start up the business and keep it going.

Is there any funding available to help me start or grow a business?

Yes, grants are available for a number of business activities or projects around the UK and cover many sectors. Grant funding is intended to support and develop enterprise in the hope that it will also provide a boost to employment and the local economy. A variety of organisations and Government departments offer grants and you may be eligible for some of them no matter what size your business is.

You can access a range of websites to find out more about what help is available on the Funding and support page.

Alternatively, you can speak with one of our business advisers who will be able to guide you through the different schemes.

Where else can I find funding advice?

There are many sources of finance, but you should get advice on interest rates, lending terms and repayment periods before committing. We always recommend that you speak with one of our business advisers prior to applying for any loan fund.

The most suitable finance option for your business depends on:

  • the amount of funding needed
  • whether you are a start-up
  • if you offering personal assets as security (a riskier option, but can make funding easier to obtain)
  • whether you own your own premises
  • whether or not you’re willing to sell shares.

The below link will explain the different types of funding available. 

GOV.UK - Business finance explained (external website)

Business Inspired Growth is a Local Enterprise Partnership covering York, North Yorkshire and East Riding working with public and private sector partners, to deliver economic improvement and change. 

Business Inspired Growth (external website)

The Humber LEP is a partnership of business, education and the four Humber local authorities working together to promote and develop the area surrounding the Humber Estuary and provide strategic economic leadership to create jobs and deliver growth.

Humber LEP (external website)

The Humber Business Growth Hub, a major initiative of the Humber LEP, is playing a key role in giving businesses in the Humber region a platform to prosper.

Humber Business Growth Hub (external website)