"Funding" covers very different kinds of money. Choosing the right kind — or the right mix — depends on your stage, your plans and how much control you want to keep.
Grants
Grants usually don't need to be repaid and don't take ownership. They are competitive, tied to specific purposes such as innovation or research, and often released in stages against milestones. They suit early-stage, innovation-led work that fits a programme's goals.
Loans
Loans must be repaid with interest, but you keep full ownership. Lenders look at cash flows, credit history and security. They suit operating businesses with predictable revenue that need working capital, equipment or expansion funding.
Equity
Equity investors give capital in exchange for a share of the business. There is no fixed repayment, but you give up part of the ownership and often some decision-making. It suits startups with high growth potential that need capital before they have steady profits.
Questions to ask yourself
- What exactly is the money for, and when will it generate returns?
- Can the business service a loan from current cash flows?
- How much ownership am I willing to share?
- Does my work genuinely fit a grant programme's objective?
This article is general information, not legal, tax or financial advice. Rules, limits and fees change — check the official portal or speak to us about your specific situation.