Sources of finance
Small Business Rate Relief
You may be eligible for up to 50% Small Business Rate Relief if the rateable value of your property is below £5,000.
London Development Agency (LDA)
The LDA, recognising that London's business community need additional support during the current economic downturn, have introduced a special programme of loans to help businesses survive the recession and prepare for the future. The scheme launched on 12 June and loan funds between £10,000 and £50,000 are available. More details of The Economic Recovery Loan Fund can be found on the LDA website.
There is an assortment of other funding opportunities available through the LDA, these include:
- London Technology Fund
- Creative Capital Fund
- Grant for Research and Development
- Creative Business Accelerator
Another source of funding for London Businesses is a venture captial fund called The Capital Fund managed by YFM Venture Finance and sponsored by the LDA.
Other sources
Department for Business, Innovation and Skills
Enterprise Grants are available to small and medium sized businesses in assisted areas.
For more information, visit Business Link for sources of finance.
HM Revenue and Customs
Tax Incentives for Small and Medium-Sized Companies.
Overseas Trade Services
Help for exporters - phone 020 7557 7300
European Investment Bank
The European Investment Bank gives loans for major projects costing more than £20,000,000 or gives, via banks and financial institutions, loan facilities for small and medium sized projects.
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