Business Butler | Funding Blog

Business Butler Blog - funding

A look into the Government's £12 million grant to help startups

Funding is such an important step for any business, especially for startups. The early years of a business are arguably the most important and going through them without any funding is one of the major reasons why so many startups end up failing. Being able to access some level of funding can help startup companies tenfold and can also help secure some level of longevity for the business.

Bounce Back Loan fraud to cost taxpayers billions

Payments made from the government’s Covid emergency lending programme to fraudulent companies will cost taxpayers £4.9 billion. The funding was essential to safeguard millions of jobs and keep businesses afloat but in the rush to make the credit available it appears that fraud prevention measures were not implemented in time.

Concerns were raised before launch

The g...

The Autumn Budget and what it means for businesses

The Chancellor of the Exchequer, Rishi Sunak was never going to be able to please everyone with his autumn budget and there were always going to be winners and losers, but let’s have a look at the key points for businesses from his budget statement.

The Chancellor confirmed that the Office for Budget Responsibility (OBR) anticipates that the UK economy will grow by 6.5 per cent this year ...

Unequal spread of equity finance for businesses across the UK

The first annual Regions and Nations Tracker published by the British Business Bank has revealed alarming regional disparities in accessing equity finance and private debt in the UK.

Although more than 40% of businesses were accessing external finance in 2021, the lack of local investors in certain areas means that there are lost economic opportunities across the UKs regions and nations.

Farewell to the furlough scheme

The furlough scheme, which has safeguarded millions of jobs during the past 18 months, finally closed at the end of September. The Coronavirus Job Retention Scheme, as it was officially known, was launched in April 2020 when large parts of the UK economy were forced to close because of the Covid-19 pandemic.

Under the scheme, the government contributed up to a maximum if £2,500 per month ...

How to get funding for your startup: 7 key mistakes that most founders make

Getting the right kind of funding for your startup is a challenge. You have to find it, get approved, and then use it wisely. But there are many mistakes that too many founders make when they're trying to get their company off the ground. In this post we'll cover 7 key mistakes you should avoid so you can raise enough money for your startup without sacrificing any equity or valuable resources.

Helping startups pitch for investment

The most pressing issue facing startups today is a lack of finance and almost 30% fail every year in the UK because of this. With that in mind it is imperative that when you are looking for investment you give yourself the best opportunity of success by being totally prepared for the whole process.

Pitching your business to potential investors can be daunting. Any type of business present...

Turnover is vanity, profit is sanity, but cash is king

A Guest Blog by Ian Tovey, Funding Expert

A saying heard countless times during my long career in commercial banking and finance and one that is particularly apposite as businesses emerge from the turbulent last 12 months or so!

Its probably fair to say that all businesses will have been affected by the impact coronavirus, both positively and negatively and their wo...

Funding for startups

The number one factor that inhibits startups from growing is a lack of funding. In fact this is the primary cause of new businesses being unable to open in the first place and can be a crushing blow to many budding entrepreneurs dreams. So, if you have just launched your startup, what are your options and where can you go to get your hands on that all important funding?

Grants

It’s the end of the Furlough Scheme – so what happens next?

It is that time of year when the clocks have just turned back, the nights are drawing in and children across the country start to feel a little bit frightened as Halloween fast approaches.

However, this year millions of adults are also filled with fear and it’s not down to the ghosts and ghouls of Halloween. No, this is fear of the unknown because the end of October marks the end of ...

A lifeline for start-ups in Wales

The UK government’s approach to coronavirus support for businesses during the 2020 pandemic has been admirable. The Job Retention Scheme was the first to be launched and was the most inclusive, safeguarding the jobs of almost nine million workers. This was followed by a variety of business support grants, loans and rates relief schemes devised to help businesses of all sizes and across all sect...

The Bounce Back Loan Scheme explained

Bounce back is a phrase that you will hopefully be hearing a lot more of during the coming months, whether it is in relation to the economy improving, businesses trading again or inspirational stories of survivors of Covid-19. But at the moment you are more likely to hear it in relation to funding because the Bounce Back Loan Scheme is the latest government initiative to help small businesses t...

The improved Coronavirus Business Interruption Loan Scheme

When the Coronavirus Business Interruption Loan Scheme (CBILS) was first launched last month, it was welcomed with open arms by businesses across the UK. However, it soon became apparent that the CBILS was not the panacea that businesses hoped it would be and it wasn’t long before the scheme started attracting criticism.

In response to this, Rishi Sunak, the Chancellor of the Exchequer, r...

The self-employed have not been forgotten

The loudest noise heard on Thursday was at 8:00 pm when applause for the Clap For Our Carers campaign supporting our valiant NHS staff reverberated throughout the UK. But the cheers from millions of self-employed workers a few hours earlier were not too far behind on the decibel scale.

This eagerly awaited announcement was exactly what the nation’s self-employed have been patiently waitin...

Understanding the Coronavirus Job Protection Scheme

The first question on everyone’s lips during the coronavirus pandemic is will my loved ones be OK? Or, depending on the person’s disposition, maybe it is, will I be OK? Your health is definitely more important than money but following on from your primary concern your mind will then become inundated with questions about money, or the lack of it.

Where will my next pay check come from and ...

Coronavirus: Help for Welsh businesses

With business owners throughout the country unsure of what the future holds it is reassuring to know that the Welsh Government has pledged to invest almost £1.4 billion to help businesses during the Coronavirus crisis.

You may wonder why businesses in Wales were not included in the initial statement from Chancellor Rishi Sunak but that is due to the fact that business rates and small busi...

How to make sure your business is investment ready

Raising capital is an issue many businesses come across when looking to develop and grow their venture. When seeking capital, there are a plethora of ways to raise funds, including crowdfunding, bank financing, government funding, with one of the most common being external investors.

When seeking 

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