Raising Finance

An overdraft is usually the best way to finance a temporary or fluctuating cash shortage. Where a longer-term commitment is involved, a bank loan is often the easiest and most suitable form of finance.

The Government and the EC may provide financial assistance in some circumstances. This may take the form of cash grants, tax concessions, help with training or removal costs, subsidised rents and so on. Assistance schemes vary from year to year, from industry to industry, and from region to region.

There are many other possible sources of finance available, ranging from debenture loans to venture capital provided under, for example, the Enterprise Investment Scheme or Venture Capital Trusts. Alternatively, it may be possible to arrange finance from a merchant bank, a research foundation or some other financial institution.

When seeking a bank overdraft or loan, applying for certain types of government aid, or when you want to attract new investors or partners, you will need to present a convincing picture of your business's financial condition and future prospects. ER Grove knows what information is required and how it should be presented to have the best chance of success.