access to finance
Accessing finance in the creative industries can be a tricky business.
The Creative Finance Network is specifically designed to help creatives understand the complexities of finance and find the money they need to make their ideas a reality.
It provides glossary fact sheets, run downs of the various sources of finance and sign posting to various funding and finance opportunities that are open to specific sectors.
For more information visit, http://creativefinancenetwork.co.uk/
A number of organisations have also participated to develop an overview of funding and business support options for creative businesses and entrepreneurs.
Sources of creative finance funding
This brief guide sets out some of the sources of funding available to creative enterprises as well as useful contacts and information on tax reliefs.
The spread of the digital economy has led to a record amount of growth capital raised by emerging companies in the UK during 2015, compared to 2014, according to a report by Kingston Smith.
UK industry and research bodies can also apply for funding through the Industrial Strategy Challenge Fund and similar initiatives.
Better business guide
The creative industries collectively comprise the UK’s fastest growing industrial sector - generating jobs quicker and with lower capital investment than any other part of the economy. The ability to access both equity and debt finance is one of the critical roads to growth for creative businesses. The online ‘Better Business Finance’ tool can help creative businesses find out who they can and should approach for funding.
Finance options for the creative sectors and information on managing your Intellectual Property can be found here.
Tax and HmRC
HM Revenue & Customs offers products and tools for small and medium-sized businesses that may be revelvant to those in the creative industries.