We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Small Business

Hi,

I want to set up my own small business, as I'm tired of looking for work and not getting anywhere. However, being out of work I don't had etch capital to set up a business, nor will a bank lend me the money. Does anyone know of any small business grants that are offered to be people over the age of 25? Most things I've come across online seem to be aimed at 16-24 year olds.

Comments

  • InsideInsurance
    InsideInsurance Posts: 22,460 Forumite
    10,000 Posts Combo Breaker
    What will your business do? Where do you live? Have you created the business plan?
  • paddyrg
    paddyrg Posts: 13,543 Forumite
    How much are you trying to raise to get it started?
  • Mark7799
    Mark7799 Posts: 4,806 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Don't even start thinking about grants until you know what your business is going to be, what you wiull need money for and how much you need to raise.
    Gwlad heb iaith, gwlad heb galon
  • BigAunty
    BigAunty Posts: 8,310 Forumite
    1,000 Posts Combo Breaker
    The business link website has a financing section, plus a search for grants/loans. It's an excellent site for anyone starting any type of business - covers record keeping, company structure, marketing, developing a business plan, tax/VAT.

    However, generally there is very little in the way of grants for people setting up a business and even loans expect the person to be able to put something of their own money into the start up capital. A business person enjoy the rewards and are expected to take the risks if their business is unsuccessful - not others.

    What does your business plan say you need and how much have you got to invest?
  • hunnie
    hunnie Posts: 222 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    Hello,
    You don't always need lots of cash to begin a small business.
    If you can provide a service you just need to advertise and start small.
    Regards
    Hunnie
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.7K Banking & Borrowing
  • 253.4K Reduce Debt & Boost Income
  • 454K Spending & Discounts
  • 244.7K Work, Benefits & Business
  • 600.1K Mortgages, Homes & Bills
  • 177.3K Life & Family
  • 258.4K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.