Finance for Business

If you are starting up a new business or wanting to develop and grow an existing business, it's inevitable that you’ll need some financial assistance at some point. You may need finance to get your venture off the ground, to further research your idea, to expand your business, or to help with buying equipment.

The NWDA manages and funds a number of business finance solutions designed to help businesses in the region to start up and grow. These include grant schemes where money is given to a new or existing business for a specific project, as well as a number of loans and investment schemes where the money is repayable when the company has income, profits or shares are sold. 

Our range of finance solutions include:

Capital Investment Grants - also known as SFIE these are available for businesses undertaking capital investment projects but need the financial help to go ahead. 

Grants for Research and Development -  to help small businesses carry out research and development work that will lead to  innovative new products or processes for a commercial market.

Equity Finance - aimed at start-ups and small businesses, particularly early stage and high growth potential businesses which do not meet banking criteria.

Business Angels are wealthy individuals looking to invest in a good business idea in return for equity.

Small Business Loans - loans of between £3,000 to £30,000 are available for start ups, established small businesses and not-for-profit social enterprises unable to raise finance from the banking and financial services sector.