How much money should I have saved if I want to start a business?

Thank you for your question regarding how much money is needed when starting a business. This question is difficult to answer as it will vary depending on the type of business you seek to open.

If you are considering opening a business, and do not have a lot of money in savings, don’t let that deter you. The UK Government offers financial assistance for business start-ups in the form of grants and loans. Funding is competitive so you will want to create an excellent application that includes your detailed business plan, goals, and projected revenue.

You can find information on currently available funds as well as get assistance with the application process on UKStartups website or if you have more questions you can call us at 020 3880 8554, toll free.

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.