Newcastle is one of the largest cities in the North of England and as such is a popular choice of business location. The city has a vibrancy and spirit that is helpful when starting and growing a business. Let’s not forget that the city also has excellent transport links to the English and Scottish capitals via direct train routes, or the A1.
For anyone who is thinking of setting up a business in Newcastle, there are also support and funding options available. These opportunity are vital in helping a business to survive and grow.
- Support for businesses in Newcastle
Few business owners are successful without having access to the support and knowledge of other business professionals. In Newcastle, information about business support opportunities is provided by the city council. It provides all of the details that business owners need, in one place.
Business owners might also find it useful to join the North East England Chamber of Commerce. Doing so means that they can build mutually beneficial relationships with other local business owners. It also means that they have access to a range of training opportunities that are aimed at helping them to achieve business success.
- Funding for businesses in Newcastle
Many business owners find that they need access to funding at some point. This need could happen when they are starting up, or when they need new equipment or premises in order to scale up.
There are several options available to business owners in Newcastle, when they need to secure additional funding. These options include unsecured loans for small businesses. A loan can be the best way of financing expansion, as long as the business owner is certain they can adhere to the repayment terms.
Newcastle City Council can also help with funding local businesses, in some circumstances. Business owners need to check if they can benefit from this funding.
- Business networking opportunities in Newcastle
Networking is essential for any business that wants to expand its reach, and be successful. Networking provides an opportunity for business owners, and other professionals, to meet. They can learn how their services can be advantageous to others in the business community. This helps with acquiring new leads.
Networking opportunities, such as those advertised by the North East Growth Hub, also enable business owners to keep up to date with what is happening in the North East business arena. This is important information to have as any business benefits from having knowledge of developments that might present a threat or an opportunity. Being informed helps them to prepare and plan accordingly.
The enterprise of business owners in Newcastle is welcomed by the local council and local enterprise initiatives. There are excellent support and networking options available, enabling businesses to strengthen connections and build custom. There is also access to the funding required to develop and grow a business into a successful operation with increasing profits. There is never a guarantee of success for any business, but the supportive environment in Newcastle helps to make success more likely.
Other Funding Options for Newcastle businesses
Sourcing and finding the right business loans or finance products can be a hassle for many business owners. There is now a huge variety of online solutions although navigating the market isn’t always easy.This business loans in the UK guide should help outline the current best online loans for small businesses. Alternatively you could look at crowdfunding platforms, a pretty new online way of raising capital in the UK . Providers include Crowdfunder and Crowd Cube. All crowdfunding schemes work in a similar way. Apply with details of your business idea, plan and why people should invest on the platform. Smaller investors review your business plan, then pledge to fund your business.