17 Sep Where To Get Funding To Help Set Up Your Own Business To Work From Home
There are mixed opinions about the reason behind Britain’s surge in self-employment statistics – The Guardian puts it down to turbulent economic factors whilst others believe in a more entrepreneurial spirit amongst Brits spurring this ‘work-from-home’ revolution.
Whatever the core influence may be, the truth is that more and more people are looking to launch their own start-ups and they don’t have to do it alone. What once may have seemed like an unachievable step for anyone wanting to work from home to take, is now being boosted by a variety of sources looking to offer financial support to help you set up your own business and get things up and running.
One of the most impactful changes has been the new legislative measures announced by the government in August 2014 to remove business rates for most new start up cases and make running business from home much simpler. The package addresses issues such as planning regulation, rented housing and business rates. The announcement came as a result of research undertaken by the Department for Business, Innovation and Skills (BIS) and Enterprise Nation, who revealed that, according to government figures, there are 2.9m home-based businesses in the UK that contribute £300bn to the economy, and about 70% of new businesses start off in the home.
For anyone considering becoming an Arise agent and starting up their own independent business, there are several avenues to explore when seeking some financial support to get you started working from home.
The government has recently announced a new broadband grant worth £3,000 that small business owners are being encouraged to apply for so as to upgrade their existing broadband facilities. With many at-home workers relying on their internet connection to run their business, successful grant applicants will be able to use the funding to cover the capital and equipment costs of making the necessary improvements. Applications are open until 31 March 2015 and can be applied for here: https://www.connectionvouchers.co.uk/
Another potential option for those looking to work from home to investigate is the government’s Start Up Loans scheme – initially targeted at young entrepreneurs, there is now no age restrictions on who can apply for a loan of up to £25,000 to help them get started. Successful applicants also get access to free business advice, something which many entrepreneurs view as important as the funding itself.
Those seeking to work from home, but worried about the associated costs of doing so, can also look to organisations such as the Prince’s Trust or their local council for assistance. There are a number of regional initiatives on the go, such as Entrust in the North East, looking to support people wanting to become Independent Business Owners and work from home.
In an era when entrepreneurial behaviour is being encouraged from all angles, via programmes such as Dragon’s Den and both local and nationwide initiatives from the government, there has never been a better time to take control of your working day, enjoy the flexibility and earning power that it brings and finally be able to say that you are your own boss.
To find out more about working from home and starting up your own independent business as an Arise agent please contact the Arise Admission Team on 0131 200 2100 or email them at AriseUKadmissions@arise.com.