What advice is there on funding your business? |
You have a number of options:
- For advice on funding for your business, contact our local Business Link Wessex.
- The Department for Trade and Industry produces a guide called ‘Financing your Business’.
- For information on Grants there is full information on the national Business Link website.
- You could approach an Accountant or Solicitor for specialist advice.
Check out our Links page under Financial Assistance for these contact details. |
How to meet the costs of training? |
nextstep can help you find funding for courses and training. It may be possible in some cases to identify free courses and training for you. Below is a selection of possible funding sources which could assist you: |
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Free courses with a variety of Providers. |
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Older and Bolder
Free courses for those 50+ wishing to re-enter the labour market.
Royal British Legion
Funding for ex-servicemen to retrain in order to secure employment.
For more information on these options please contact us at nextstep either via the FREEPHONE number 0800 138 5550 or via email dorsetiag@tribalhubs.com. |
Small Firms Training Loan (SFTL) |
(SFTL) is a deferred repayment bank loan offered in partnership between the Department for Education and Skills (DfES) and eight high street banks.
With an SFTL you can borrow between £500 and £125,000 and are offered a lower rate of interest than a normal business loan and repayments can be delayed for up to 12 months.
These loans are for sole traders, partnerships, co-operatives, franchises and limited companies. Businesses employing up to 50 permanent members of staff can apply provided that they are already trading or are about to trade.
You can use the loan for to pay for consultancy advice, education or training courses, or to work towards Investors in People accreditation. The training must support your business objectives and the training and development of your employees.
TELEPHONE 0800 132 660 between 8am - 10pm, 7 days per week. |
Career Development Loans (CDL) |
(CDL) is a deferred repayment bank loan to help individuals pay for vocational education or learning.
Individuals can borrow between £300 and £8000 to pay for up to two years of learning (3years if the course includes work experience). The loan can cover 80% of your course fees, or 100% of your course fees if you have been out of work for three months or more. The loan can also cover living expenses if your course is full time, and other related expenses like books, childcare, travel costs.
For more information telephone the Career Development Loan Information Line on 0800 585 505, 8am - 10pm, Monday to Sunday. |
