Before applying for funding you need to be clear how much you are looking to raise, the period of the funding, what the funding will be used for and what type of funding you are looking to raise. Be realistic and make sure you have the data to back up any claims made in your business plan and cashflow.
When looking at funding decide are you going to apply for grants or loans? Or a mixture of both? What will this look like?Consider the payment terms and make sure you included this within your financial forecasting.
If you have decided to apply for a potential grant, make sure that you meet the eligibility criteria before applying. If you don’t meet the criteria, don’t waste your time developing an application! Use the time to help generate income in other ways or by applying for funding that you do meet the eligibility for.
Funding streams change quickly, so the links below may lead to funding that has finished, whilst other funders will not have been listed. Remember to do your own further research.
Hadfield Trust Creative Travel Award - The Hadfield Trust have generously provided support to fund up to six Creative Travel Awards to enable IoA students to undertake a period to travel that will enhance their learning opportunities as they prepare for their final year of study and beyond. Applications are invited for single awards up to £500 each to fund (or part-fund) activities. Download the Hadfield Trust Creative Travel Award Application Form.
UnLtd look to support social enterprises and have different streams that you can consider.
The Co-operative and Community Finance have loans to help support the social enterprise sector.
The Key Fund has a central mission to provide finance - flexible loans and grant/loan packages targeted towards community and social enterprise.
Power to Change offer help, support and funding to community groups to help them to develop community business ideas.
If you are a voluntary organisation or social enterprise you can also look for funding via Funding Central. There is a subscription fee to be paid in order to access any of the information.
Arts Council England has a range of funding programmes as well as lots of useful information to help you on your entrepreneurial journey.
The National Lottery have a range of grants as well as information on eligibility and how to apply.
The Henry Smith Charity offer grants to Small and Medium Enterprises (SMEs) in the UK to support projects which help improve the lives of people.
The Tutor Trust supports voluntary and community groups to make a positive change in communities.
Paul Hamlyn Foundation supports children and young people to experience a better quality of life.
Nesta provide a range of information and funding.
John Moores Foundation provide grants towards organisations that support communities, for full details see their website.
Esmee Foundation funds work that focuses on social change, the arts, children & young people, food and environment.
Sport England focus on small grants that will help to get people active.
Groundwork UK focus on helping to transform the lives in disadvantaged communities.
Cumbria LEP aim to create one of the fastest growing economies in the UK. Find details of forward plans as well as funding information.
Cumbria County Council have community grants that can demonstrate lasting community benefits.
Rural Tourism Infrastructure support the development of tourism infrastructure throughout rural Cumbria.
Rural Business Development have funding to assist rural business development with grants to enable farm diversification or business growth and innovation.
Food Processing grants to support food processing businesses.
Solway Border & Eden Leader Funding is currently closed for expressions of interest but it is worth revisiting this website again in the future.
Northern Powerhouse Investment Fund Loan funding to support for start-up and growth plan.
Growth Hubs provide business support programmes to help business start and grow. Find your local hub below: