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    Last update 28/07/2024

    Grants and Government-Backed Loans for Startups in Weymouth and Portland

    Local Resources

    While Weymouth and Portland Borough Council might not offer direct grants, they can provide information and support for businesses.

     

    Dorset Council: As Weymouth and Portland is part of Dorset, Dorset Council offers a range of business support services, including grants and funding opportunities.
    Link: Dorset Council Business Support

     

    Government-Backed Support

    Start-Up Loans: This government-backed scheme provides loans of up to £25,000 for businesses starting up or less than 24 months old.
    Link: Start-Up Loans

    Business Finance Support Finder: This government tool can help you find suitable funding options based on your business needs.
    Link: Business Finance Support Finder

     

    Regional Resources

    Dorset Local Enterprise Partnership (LEP): Offers support and funding opportunities for businesses in Dorset.

     

    Additional Tips

    • Clearly define your business needs: What is the funding for? How much do you need?
    • Research available grants and loans: Look for options that match your business sector and stage.
    • Prepare a strong business plan: A well-written plan increases your chances of securing funding.
    • Network with other businesses: Connect with local entrepreneurs and business owners for advice and support.

     

    Weymouth and Portland Council Contact:

    Website: Weymouth and Portland Council
    Phone: 01305 221000

     

    Frequently Asked Questions (FAQ)

    Q1: Are there any specific grants available directly from Weymouth and Portland Borough Council?
    A1: Weymouth and Portland Borough Council does not typically offer direct grants but provides information and support through Dorset Council.

     

    Q2: How much can I borrow through the Start-Up Loans scheme?
    A2: The Start-Up Loans scheme provides loans of up to £25,000.

     

    Q3: How can I find the right funding options for my business?
    A3: Use the Business Finance Support Finder tool to explore funding options based on your business needs.

     

    Q4: What support does Dorset Local Enterprise Partnership (LEP) offer?
    A4: Dorset LEP offers support and funding opportunities for businesses in the Dorset region.

     

    Q5: How important is a business plan in securing funding?
    A5: A well-structured business plan is crucial for any grant or loan application as it demonstrates your business's viability and plans for the funds.

     

    Q6: Can networking help in securing funding for my business?
    A6: Yes, networking with local entrepreneurs and business owners can provide valuable advice, potential partnerships, and insights into funding opportunities.

     

    Q7: What should I include in my business plan for funding applications?
    A7: Include a clear description of your business, financial projections, market analysis, and how the funds will be used.

     

    Q8: Are there regional resources available for business support in Weymouth and Portland?
    A8: Yes, Dorset Council and Dorset LEP provide regional resources for business support.

     

    Q9: What is the process for applying for a Start-Up Loan?
    A9: To apply for a Start-Up Loan, visit the Start-Up Loans website, complete the application form, and submit your business plan and financial projections.

     

    Q10: How can I stay informed about new funding opportunities?
    A10: Regularly check relevant websites, sign up for newsletters from business support organizations, and network with local business communities.

     

     

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