Funding Opportunities in Causeway Coast & Glens: Grants & Loans for Startups & Small Businesses

Causeway Coast and Glens Borough Council actively supports the growth and development of businesses in the region, providing various grants and government-backed loans to help startups and small businesses succeed.

Grant Programs:

Enterprise Fund: Focuses on developing young businesses (trading for less than 2 years) in the Causeway Coast and Glens Borough Council area. It can provide funding of up to 100% of costs, with a maximum of £5,000. The total cost of the project must not exceed £10,000.
- Enterprise Fund

Government-Backed Loans:

Start-Up Loans: Provides government-backed personal loans and mentoring for new businesses.
- Start Up Loans

Advice on Applying:

Contact Business Gateway or the Council: Reach out to Business Gateway Causeway Coast and Glens or the Council's business support team for personalized guidance on suitable funding options and application procedures.
Eligibility is Crucial: Review the specific criteria for each program carefully to confirm your business meets all requirements before applying.
Prepare a Thorough Application: Include a well-structured business plan, detailed financial projections, and a clear explanation of how the funding will support your business growth and benefit the local economy.
Meet Deadlines: Be mindful of application deadlines and submit your applications promptly.

Key Resources:

Causeway Coast & Glens Borough Council - Funding Programmes: The official council page that lists all available grants and funding opportunities.
- Causeway Coast & Glens Borough Council - Funding Programmes
Causeway Coast & Glens Borough Council - Business Support: Contact the council's Business Support Team for assistance and inquiries about funding and other business-related matters.
- Business Support Contact Information

Causeway Coast and Glens Borough Council Contact Details:

Phone: 028 7034 7034
Website: Causeway Coast and Glens Borough Council

Frequently Asked Questions (FAQ):

What is the Enterprise Fund?
- The Enterprise Fund provides financial support for young businesses (trading for less than 2 years) in the Causeway Coast and Glens area, with funding up to £5,000 for projects costing up to £10,000.
Who can apply for the Enterprise Fund?
- Businesses that are based in the Causeway Coast and Glens area and have been trading for less than 2 years can apply for this fund.
What can Start Up Loans be used for?
- Start-up loans can be used for various purposes, including working capital, purchasing equipment, or marketing, and come with mentoring support.
How do I apply for funding through the Enterprise Fund?
- Applications can be made through the Causeway Coast & Glens Borough Council's funding programmes page. Ensure you meet all eligibility criteria and provide the necessary documentation.
Are there specific deadlines for these funding programs?
- Deadlines may apply, especially for grant programs like the Enterprise Fund. Check the official website or contact the council for the latest information on deadlines.
Can I apply for multiple funding options at the same time?
- It may be possible to apply for multiple funding options, but you should verify the terms and conditions of each program to ensure eligibility.
What documents are required for a funding application?
- Typically, you will need a detailed business plan, financial projections, and any other documents specified by the funding program.
Is there support available for both new and existing businesses?
- Yes, there are funding options available for both new startups and existing businesses looking to grow.
How can I ensure my application stands out?
- Prepare a comprehensive application with a clear business plan, demonstrate how the funding will contribute to your business growth, and adhere to all application guidelines.
Who can I contact for more information?
- Contact the Causeway Coast and Glens Borough Council’s Business Support Team or Business Gateway Causeway Coast and Glens for more information and assistance.

By leveraging these funding opportunities and resources, entrepreneurs and small business owners in Causeway Coast and Glens can gain the financial support and expert guidance they need to thrive.

Value AD

CAN BE

ALTERNATIVE

INVESTMENT

What is Value Ad?

Value Ad is an innovative policy designed to foster a mutually beneficial relationship between two key groups: new businesses and service providers. This policy helps startups save significantly on essential services while enabling service providers to gain valuable traction and growth opportunities.

How is it a Win-Win Deal?

For New Businesses:

Cost Savings: Startups can save 50% to 80% on essential services such as website development and marketing. This means they don’t need to invest heavily upfront, making it easier to launch and grow their business.

Alternative Investment: The money saved through these discounts can be reinvested into other critical areas of the business, acting as an alternative investment that fuels further growth and development.

For Service Providers:

Initial Customer Base: Service providers, often tech startups themselves, can attract a significant number of initial customers by offering their services at a discounted rate. This helps them build traction and demonstrate value, which is crucial for attracting venture capital (VC) funding and other opportunities.

Marketing Efficiency: By providing affordable services, service providers do not need to spend heavily on marketing to acquire new customers. The discounted services themselves become a powerful marketing tool, bringing in customers who can spread the word and enhance the provider’s reputation.

Growth and Expansion: Attracting more customers through Value Ad helps service providers expand their client base and build long-term relationships, which can lead to increased revenue and business growth.

Alternative Investment for New Businesses:

For new businesses, the significant cost savings achieved through the Value Ad policy effectively serve as an alternative investment. Instead of spending large amounts on website development and marketing, they can leverage the affordable services provided by service providers. The saved funds can be redirected into other strategic areas of the business, enhancing overall growth and sustainability.

Benefits for Service Providers:

Service providers benefit from the Value Ad policy by gaining access to a ready pool of new customers who are drawn by the discounted rates. This initial customer base is crucial for:

Building Traction: Demonstrating product or service viability to potential investors.

Securing Funding: Enhanced customer traction and a growing user base can make the service provider more attractive to venture capitalists and other funding sources.

Market Penetration: Establishing a presence in the market quickly and efficiently without heavy marketing expenditures.

In Summary:

Value Ad is a strategic policy designed to create a win-win scenario for both new businesses and service providers. By offering significant discounts on essential services, startups can save and reinvest those savings, while service providers gain crucial initial customers and market traction. This mutually beneficial arrangement supports the growth and success of both groups, making Value Ad a powerful tool for business development and investment.

Value AD

CAN BE

ALTERNATIVE INVESTMENT