Through the Department for Business, Innovation and Skills (BIS), formerly known as BERR, the government is committed to providing business finance solutions to help UK businesses boost their finances through a variety of government initiatives when more traditional funding solutions are unavailable.
What are the benefits of government initiatives?
- The majority of government funding available is government-backed, mitigating a level of risk to banks to increase the likelihood of your eligibility.
- Government initiatives are amended to reflect the economic climate, meaning the funds you apply for will be tailored to help overcome the specific trading conditions.
- The majority of government initiatives are provided through a variety of funders, giving you a point of contact for your specific requirements.
- Government initiatives can be a solution when traditional funding is unavailable.
Which government initiatives are available to my business?
There is a range of UK government initiatives available to businesses, but it is important to recognise that your company will not be eligible for each one and not every bank operates them all.
As the UK’s leading commercial finance broker, Hilton-Baird Financial Solutions can save you valuable time and resource by assessing your individual cash flow requirements quickly and accurately before introducing you to the various government initiatives, invoice finance and business finance solutions available.
The application process for government initiatives can be difficult for UK businesses, whilst it may not always be the most suitable option. Hilton-Baird can therefore assess your business’ finances and introduce the business finance solution that meets all your cash flow needs, whether it’s government-backed or not.
Please call 0800 9774833 or email info@hiltonbaird.co.uk to find out more about the range of government initiatives, including the EFG scheme, that are available to your business or get a commercial finance quote.
Related pages to government initiatives: