Although e-factor is a programme funded by the ERDF, it is not a grant system. It is not about providing cash handouts for start ups or funding specific services such as marketing or training, it is about providing professional business support that works closely with individuals and businesses and providing practical support and advice.

How can e-factor help?

There are a number of ways e-factor can help start up businesses get the necessary finance they need.

1) Ensuring you are 'investment ready

Your first 'port of call' is the traditional investment routes, banks or grant providers such as Princes Trust. e-factor will help you identify your options and then prepare a Business Plan with cash flow projections and financial forecasts that will demonstrate that you are a professional and viable business opportunity. We can even help you with the meeting itself.

2) Providing micro loans

If you are unable to raise finance through the traditional methods, e-factor can provide micro-loans of up to £1,500 to start up businesses and existing businesses.

In all instances, loans are subject to an application and approval process and are only considered if you have been unable to secure finance through traditional channels, such as the Banks.

3) Searching for funding

Although funding for start up business is not plentiful, for certain sectors there is some funding available through public bodies. Although e-factor does not provide grants or finding to new businesses, we are, in some circumstances, able to identify funding opportunities and help you with the process of applying for that funding.

Your funding needs would be discussed in your meetings with your e-factor Business Advisor.

To speak to a Business Advisor call 0800 952 0181 or complete our Business Plan