Funding a brand-new business is different from funding an established one — you have less track record, so the sources are different too. Here are the main places UK founders look.
The government-backed Start Up Loans scheme offers personal loans to new businesses, usually with a fixed interest rate and free mentoring. It is one of the most popular first ports of call for founders without the trading history a bank wants.
Some grants specifically support new and early-stage businesses, often through local councils, growth hubs or innovation funders. They are competitive, but free money is worth the effort if you qualify.
Many founders start with their own savings and revenue from early customers. Bootstrapping keeps you in full control and avoids debt, though it can be slower.
Early money often comes from people who believe in you — friends and family, or angel investors who back startups in exchange for equity. Angels can also bring useful experience and contacts.
Accelerator programmes and startup competitions can offer cash, investment, workspace and mentoring, often in exchange for equity or simply for taking part. They are a good way to build credibility early.
Use UK Grants Finder to filter funding and support by region, business stage and sector, so you can quickly see what a new business like yours might be eligible for.