GRANTS AND LOANS

The London Business Loan Fund

Working with Business Link for London, oneLondon administers the London Business Loan Fund which is designed to make loans available to those who have been refused funding from a mainstream lender. All applicants must have a viable business plan, the appropriate business skills and commitment and be able to show that they have been refused finance from a bank or other financial providers.
There are two Funds available:
 The Start-Up Fund
 The Growth Fund (for established businesses).

For further details contact:
OneLondon Business Advice Service- Wandsworth
First Floor
1(B) c Yukon Road
Balham
London SW12 9BZ
Tel: 020 8872 0500
Email: wandsworth@one-london.com
Website: www.gle.co.uk/onelondon

London Development Agency (LDA)

The Capital Fund is a new venture sponsored by the LDA that has raised £50 million from public and private investors to back fast-growing SME's and management teams capable of delivering that growth in 32 London boroughs. The fund was launched in 2002 and will be invested over a period of up to 6 years. Initial investments can be up to £250,000 and the fund has the ability to invest up to a further £250,000 after at least 6 months. In some circumstances, alongside other new investors, The Capital Fund can follow-on its investments with up to £5m in total in a single company. The fund's capital is usually invested in a combination of equity capital and unsecured loan stock or preference shares; typical equity stakes are between 10% and 40%.

For further information contact:
YFM Venture Finance
Brookmount House
62 - 65 Chandos Place
Covent Garden
London
WC2N 4LP
Tel: 020 7812 6772
Email: info@thecapitalfund.co.uk
Website: www.thecapitalfund.co.uk.

Small Business Service

The Small Business Service is part of the DTI. The site includes information on government supported sources of funding, such as the Small Firms Loan Guarantee www.dti.gov.uk/sflg as well as guidance notes on sources of EU funding www.sbs.gov.uk/eufunding

For further information visit: www.sbs.gov.uk
Inland Revenue
New Tax Incentives for Small and Medium-Sized Companies.
For further details visit: http://www.hmrc.gov.uk/businesses/index.shtml

European Investment Bank

The EIB gives loans for major projects costing more than £20,000,000 or gives, via banks and financial institutions, loan facilities for small and medium sized projects.

For further details contact:
European Investment Bank
2 Royal Exchange Buildings
London EC3V 3LF
Tel: 020 73 75 96 60
Website: www.eib.org

FINANCIAL ASSISTANCE FOR YOUNG PEOPLE

The Princes Trust
Support for 18-30 year olds who are unemployed and of limited means to start business. With start-up support from The Prince's Trust, you could get:
 a low interest loan of up to £4,000 for a sole trader, or up to £5,000 for a partnership (the average loan is between £2,000 and £3,000 but varies regionally)
 a grant of up to £1,500 in special circumstances (subject to local availability)
 a test marketing grant of up to £250
 ongoing advice from a volunteer business mentor
 access to a wide range of products and services. Includes our free Legal Helpline
We can help you turn your dream into reality.

For further detail contact:
The Prince’s Trust London Regional Office
3rd Flor, Tribute House
120 Moorgate
London EC2M 6TS
Tel: 020 7382 5100
Email: webinfolo@princes-trust.org.uk
Website: www.princes-trust.org.uk

FINANCIAL SUPPORT FOR FINANCIALLY DISADVANTAGED, UNEMPLOYED, SINGLE PARENTS, EX- OFFENDERS AND THE DISABLED

Frederick's Foundation

The charity helps Financially Disadvantaged, Unemployed, Single Parents, Ex- offenders and the Disabled (FUSED) to realise their potential. This is achieved by providing resources to individuals in order that they may become self sustaining and to contribute to society economically. By far the most common way in which they execute this mission is by assisting individuals start their own businesses. They do this by providing loans, mentors and a support package.

For further information contact:
http://www.fredericksfoundation.org