Funding

Information about securing financial support for inventions through grants, loans, investors and government programmes. Topics include application processes, venture capital, business banking, company formation and accounting requirements for inventors.

Accounting Practices

Most businesses use standard accounting practices and software to track income, expenses and VAT for tax returns and Companies House filings.

Applying for a Loan

Bank loans can help fund your invention, but don't risk your home as security, many inventors have lost everything this way.

Becoming an Entrepreneur

Inventors need to think and act like entrepreneurs, not just innovators, to turn ideas into successful businesses.

Company Incorporation When Setting Up a Limited Company

Setting up a limited company requires proper incorporation to protect your personal assets and operate legally with the right structure.

Covering the Cost of Exporting Your Product

Working out the real costs of exporting helps you understand your actual profit margins and whether selling abroad is worth the effort.

Funding Your Business: Small Business Loans

Small business loans can help get your company started, but understand the different types and interest rates before you borrow.

Government Programs

The UK government offers grants and funding programs to help inventors and small businesses develop new ideas and grow their operations.

How Do I Raise Money for an Invention?

Friends and family funding only gets you so far with an invention, here's where to find grants and what you'll need to qualify for them.

Investor Venture Capital

Venture capital works best when your invention is market-ready, and investors want details on your business plan, IP protection, and exit strategy.

Loan Applications for Your Invention

Banks rarely approve invention loans based on impressive demos anymore, so you'll need a solid business plan and collateral to get funding.

Maintaining an Agreed Overdraft

Keep your business overdraft healthy by tracking money in and out and staying on top of fees and charges.

Securing Funds Against Assets

Businesses can borrow against equipment, stock and property without selling them to keep cash flowing during slow periods.

Student Programmes and Young Inventors

Degree programmes in design and engineering can give young inventors the practical skills they need, though success also comes from real-world experience.

Submitting Inventions to Competitions

Win money, publicity and production deals by entering your invention into national and international competitions.

Tax Returns and VAT Inspections

Get your tax returns filed on time and understand how VAT reclaims work for your business.

Types of Grants Available

Government grants for product development and innovation exist if you have matching funding and can meet specific project requirements.

Using a Business Angel

Business angels provide funding for startups that need more than friends and family can offer but less than venture capitalists require.

What Is Business Banking?

Business banking gives you dedicated support to handle payroll, payments, and cash flow with tools designed specifically for companies.

Yearly Finances and Dividends in Business

Track your first-year business finances, manage cash flow, and understand year-end accounting requirements for sole traders and limited companies.