The creative industries are one of the UK’s fastest growing exports. In order to keep them flourishing, we recently teamed up with Create UK to put together the 'Better Business Finance Guide'.
This useful online resource contains valuable IP, funding and investment information that no emerging company should be without. With that in mind, we gathered together the 5 most useful things creative SMEs should take away from our 'Better Business Finance Guide'.
Intellectual property is the most important part of any small business. It’s your asset and your strength and can often be the lifeblood of your company. Our 'Better Business Finance Guide' offers a handful of useful links related to IP, including information on valuation, IP management and commercialisation strategy, and the forms of funding available for IP-rich companies. However, it's the inclusion of the Intellectual Property Toolkit that’s worth noticing. This free online guide is exhaustive enough to answer any IP-related question small businesses may have.
Every company needs investment to help set gears in motion and push progress to new and exciting levels. Our 'Better Business Finance Guide' contains information on one of the most popular forms of start-up backing: Angel Investment. This form of finance usually involves wealthy backers offering finance to new businesses in exchange for an equity share. Companies usually benefit from expert advice from their Angels which can help steer their business in the right direction. Our 'Better Business Finance Guide' offers a link to the UK Business Angel Association Website where you can learn more.
Creative Friendly Banks
Angel investment aside, there are many other routes to finance in the creative world that can help turn your innovative concept into a commercial product. Our guide contains a list of banks in the UK that can help creative businesses to thrive by offering finance and support. From Aldermore and Barclays to Santander and Shorebrook, the guide outlines some of the banks who are creative business-friendly and willing to help.
Support comes in many forms. Perhaps your company could benefit from funding that’s a little more specialised? Visit our online guide and you’ll find a brief list of funds and opportunities currently available to creative businesses, each with their own set of application specifications that may suit your company and its output. The 'Better Business Finance Guide' also provides information on other forms of finance suited to the creative sector such as crowdfunding and Community Development Finance for those that find it difficult to acquire mainstream finance.
In addition to a financial case study with audience engagement specialists Crystal Interactive Ltd, the Better Business Finance Guide also features links to content that’s useful for any new company. Find out how to open and run a business bank account, read some top tips for a successful finance application, learn how you can improve your credit score and gain some insider knowledge on how to give your business plan the professional touch. Find all this and more by visiting the site.
To learn more about what Creative England offers creative businesses, head here.
- Funding for Businesses
- Business Advice
- Business Support