How much money do I need to have in advance in order to start a business?

The amount of money you need to start a business can vary greatly depending on a number of factors. What industry are you in, how many employees will you hire, what kind of production equipment will you need, what location do you plan to open your business in and much more. Generally speaking, you do need to have a specific amount on hand before you start your business to cover all your start up and overhead costs. It is very likely that you will need some form of financial assistance during the early stages, luckily the UK Government offers may financing programs to small business owners. To find out which government programs you may be eligible for, try our Startup Assessment Tool or call us toll free at 020 3880 8554.

There are hundreds of government funding schemes available for small business owners in the UK. In fact, our Funding Database currently has over 600 government funding schemes and over 500 private investors available for small business owners and startup entrepreneurs. What are you doing to take advantage of this? Become a member and start your search.

Take advantage of the Small Business Startup Assessment Tool below and see the tools and resources you need to succeed at starting your small business. It just takes 30 seconds and will also tell you if there may be any funding assistance available.

Be sure to look at the hundreds of daily questions and answers we have from entrepreneurs like you who want to learn more about starting a business, creating a business plan, searching for funding. Our small business experts take the time to answer each and every single question, so if you have something on your mind – we can help!

Need funding for your business?

Learn how you can get funding for your small business in the UK. It takes 30 seconds.