Access to Finance

The Access to Finance programme is designed to assist small businesses across the capital to raise business finance to start up or grow.

This heavily subsidised programme provides an introductory workshop to help raise awareness of different types of business finance, looking beyond your own bank. For businesses that successfully apply to the programme, they can expect 1:1 support from a business advisor to help the business produce a business or investment plan. Access to Finance places significant emphasis upon finance raised as a result of this support.

What you will receive

• Professional advice from local business experts who have been selected to provide expert financial advice to help you raise finance to start or develop your business
• Advice on all types and sources of finance available
• A business plan tailored to meet specific financial needs and requirements
• Coaching on how to present a professional case to funders
• A review of your business model and recommendations for improvements.

Your journey

Introductory workshop - A business advisor will run an introductory workshop to raise your awareness of the range of different business finance products that are available and the implications of different types of funding.

Application diagnostic form - A business advisor will meet with you to complete a full review of your business which will result in an action plan. The application will then be assessed to check your suitability for the programme and to ensure your business fits the criteria.

Business plan - A business expert will help you prepare your business plan, outlining the steps you need to take to become 'finance ready'. You will receive advice and guidance on how to present a professional case to funders.

Your contribution

The London Development Agency (LDA) makes a substantial contribution towards the total cost of the consultancy support, which means that you only pay £200 towards the cost. This support will typically cover about three days depending on the business requirements.

Eligibility

• Start up businesses looking for initial funding
• SME businesses that employ less than 249 people
• This programme covers the whole of London.

Who to contact:

Please contact Natalia Sukhram or Alessia Bolis on tel: 020 7377 8821 or you can email: elsbc@goeast.org for service.
 
Organisation address:
East London Small Business Centre
Universal House, 88-94 Wentworth Street, London E1 7SA.

Visit East London Small Business Centre (ELSBC) website for further information.