Financial Support for your business

Understanding your business finance is vital in order to help your business to operate and grow. There are different sources of financial support for your business and making sense of it all can be daunting. Choosing the right type of finance depends on your type of business and what your business goals are.

Click on the links in this section to find out about the financial support available for your business to take the next step forward.  Funding programmes and financial support are often subject to change so if you don’t find what you are looking for below, please contact the Business Support Team by emailing business@burnley.gov.uk.

Lancashire Funding Hub

Known as Lancashire’s Business Growth Hub, Boost can offer advice and guidance to help your business on the path to success. Boost have created the Lancashire Funding Hub which aims to help growing businesses access the funding they need to achieve their goals, while providing insightful information and guidance.

The Lancashire Funding Hub has collated the current funding services and providers on their webpage with easy contact links for each service. Take a look at their website to see which funding service best suits the needs of your business and to get in touch with an advisor.

British Business Bank

The British Business Bank offer Start Up loans of up to £25,000 in partnership with the Start Up Loans Company. A Start Up Loan isn’t a business loan, but an unsecured personal loan. Alongside the funding, you’ll get free support and guidance to help write your business plan, and up to 12 months of free mentoring if your application is successful. Eligibility criteria apply.

Northern Powerhouse Investment Fund

The Northern Powerhouse Investment Fund provides commercially focussed finance through Microfinance, Debt and Equity Finance funds. NPIF is a collaboration between the British Business Bank and ten Local Enterprise Partnerships (LEPs) including the Lancashire LEP.

NPIF provides over £500m of investment to boost small and medium business growth in the North of England.

You may also be interested in attending the Boost Flying Start business workshops which run at various times throughout the year covering start-up business essentials, finance and marketing.