By Claire West, Fresh Business Thinking
There is a huge gap between funding supply and demand with less than 10% of businesses securing the funding they apply for.
There is hope for small-to-medium size businesses seeking finance but it’s less likely to be via a traditional bank finance arrangement.
There are numerous other routes to funding but unless you live in that particular world it might all seem like a bit of a mystery.
For example - Did you know that under the government’s Seed Enterprise Investment Scheme (SEIS) tax relief of £78,000 is received on an investment of £100,000, giving a net cost of investment of £22,000?
That means that someone investing in your business (if certain criteria are met) will get 78% tax relief – and better than that if they hold their shares for 3 years shares will be exempt from Capital Gains Tax !!
If you want to understand more about these less traditional funding options then help is at hand.
Fresh Business Thinking are running a one-day event @ Google Campus called "Show Me The Money" providing expert knowledge and advice on which types of finance are right for your business as well as helping you to navigate the complicated world of business finance. View the event details Here.
Book this week and benefit from our early bird offer. Save £200 using the discount code 'EarlyBird' at the checkout.