Support for start–ups
Starting a business requires careful planning, research and preparation. This section provides information on Government Support Schemes, grants and initiatives to help a business start-up.
General sources of advice
Information on starting and running a business, including, statutory rights and obligations is available on GOV.UK, including the ability to search for support using the finance and support finder.
Business Finance & Support Finder Tool (BFSF)
The Business Finance & Support Finder Tool is an interactive tool, which is searchable by sector, business size, location, activity and business stage allows businesses to search for government-backed support and finance for business, including:
- grants, finance and loans
- business support e.g. mentoring, consultancy
- funding for small and medium-sized businesses and start-ups
Promoting your services – You can advertise any publicly funded business support schemes and programmes within the BFSF tool.
Find out more: https://www.gov.uk/business-finance-support-finder
Both the www.GREATbusiness.gov.uk website and the Business Support Helpline can also offer further information and guidance about starting up a business and direct business to more support. Businesses can call 0300 456 3565 to speak to a business support advisor (9.00am – 6.00pm Monday to Friday).
Business is GREAT App
The Business is GREAT App is accessible via the Great Business website. The App is designed to inform, inspire and support small businesses – bringing help directly to them. It is available to save as an icon on mobile devices.
Find out more: http://www.greatbusiness.gov.uk/businessisgreatapp/
The GOV.UK website provides information and guidance on starting a business:
The GREATbusiness.gov.uk website also offers start-up advice and guidance on:
- Write a business plan you will need a business plan to raise finance. Here’s advice on how to write a business plan, including templates and samples – http://www.greatbusiness.gov.uk/writing-a-business-plan/
- Where to get start up advice » Discover the many networks and groups for young businesses which can offer practical advice, ideas and connections – http://www.greatbusiness.gov.uk/where-to-get-start-up-advice/
- Finance options for new businesses » A bank loan is not the only way to raise money for your startup business. Learn more about other potential sources of finance – http://www.greatbusiness.gov.uk/choosing-the-right-finance-for-a-new-business/ including
Start-up Loans, a government-funded scheme to provide loans and mentors for entrepreneurs –
- Set up and register a new business Everything you need to help you start up a new business, including how to set up and register a company – http://www.greatbusiness.gov.uk/starting-a-new-business/
- Start a business from home » It’s simple to start a business from home and more people are doing it. Find out what you need to do to get started – http://www.greatbusiness.gov.uk/home-businesses/
- Start out with a business mentor » A business mentor can give you honest and constructive feedback, as well as useful contacts and valuable experience – http://www.greatbusiness.gov.uk/start-out-with-a-business-mentor/
The business finance guide
- The Business Finance Guide sets out the full range of finance options throughout the lifecycle of business growth – http://british-business-bank.co.uk/wp-content/uploads/2015/09/TECPLM14158-Business-finance-guide_WEB.pdf
- Funding and support for new ideas » There are many forms of financial help that aim to support companies as they innovate and generate new ideas. Find out more – http://www.greatbusiness.gov.uk/funding-and-support-to-develop-new-ideas/
- Tax relief and incentives for business » Learn about the growing number of sources of finance, from crowd funding and peer-to-peer lending to tax breaks and incentives – http://www.greatbusiness.gov.uk/tax-relief-and-incentives-for-businesses-and-investors/
- Recruiting and hiring staff » Whether you are a first-time employer or taking on extra staff, there is practical guidance and financial assistance to tap into – http://www.greatbusiness.gov.uk/help-with-recruiting-and-hiring-staff/
- Building your website » Your website is the way your customers and clients find and learn more about you. Here’s advice on how to make it as good as it can be – http://www.greatbusiness.gov.uk/building-your-website/
- Engaging through social media » Social media is a valuable means of finding your customers online. Here’s some practical support to help you get started – http://www.greatbusiness.gov.uk/engaging-through-social-media/
- Marketing online » There’s a dizzying array of options for promoting your business and services on the web. Here are some tips to get you started – http://www.greatbusiness.gov.uk/marketing-online/
- Advice on legal structures – www.gov.uk/business-legal-structures
- Licence Finder Tool – to find out which licences you may need – https://www.gov.uk/licence-finder
What happens to benefits if an individual wants to start up a business?
If a person is unemployed, the new Enterprise Allowance Scheme provides money and support to help start a business.
Looking for office space?
Enterprise Zones could also help businesses locate some start up space. Find out more: http://enterprisezones.communities.gov.uk/.
Small business tax relief has been extended for a year. If a business’s property has a rateable value below £18,000 (£25,500 in Greater London) it would be considered a small business.
For more information, please visit: https://www.gov.uk/apply-for-business-rate-relief/small- business-rate-relief.
Enterprise agencies offer free independent advice and support to those thinking about starting or already running a business.
Find the nearest member of the National Enterprise Network through their website – http://www.nationalenterprisenetwork.org/
Supporting ex-forces and their families to start-up businesses by providing them with Loans, Mentoring and Support
Find out more: http://x-forces.com/
Two short guides giving basic details on who regulates businesses and essential information on the regulatory areas that apply to them at launch are available from Better Regulation Delivery Office under the Better Business for All, programme:
Find out more – http://www.regulatorsdevelopment.info/grip/bbfa
VAT and Tax payment
- Tax obligations – www.gov.uk/register-for-self-assessment
- HMRC can also offer start-up information – http://www.hmrc.gov.uk/startingup/
– Starting your own business (eLearning module)
– Becoming an Employer (eLearning module)
– A range of webinars. These enable customers to attend a seminar at a time to suit them. HMRC have both live and pre-recorded webinars covering a range of topics. Customer feedback suggests these are a good way to get started.
– A selection of short videos on YouTube covering subjects such as Registering as
Self-Employed, PAYE, Record Keeping and the Construction Industry
– Record keeping for mobile devices will enable customers to access apps to help make life a little easier for busy people on the go
– A ready reckoner available to help customers budget for their first tax bill and
– tax help fact sheets are a good source of straightforward guidance that customers can download from our website
– The Business Support Tax App allows access to all the above products via your
Follow HMRC on Twitter @hmrcbusiness for regular updates on a range of taxation matters.
- For the range of taxes that maybe applicable to start-up business, please visit: https://www.gov.uk/browse/business/business-tax