Your clients can fund growth through innovation in a number of ways, either by using their own funds or tapping into external sources of funding such as loans or equity finance.
They may consider applying to their banks for additional finance in the form of an overdrafts or loans, depending on their borrowing needs. If they are willing to relinquish some control of their business to external investors, they could consider using equity finance, such as business angels or venture capital firms.
You may also be aware of grants for which your clients may consider applying. A wide range of grants is available, backed by a variety of institutions, including the government, the European Union and local authorities. For more information on funding innovation, please go to Access to Finance module..