5 Organizations That Offer Grants and Small Business Loans for Women Entrepreneurs in the UK

When working alongside male entrepreneurs, women can have a harder time financing their businesses. Equally discouraging is when they encounter organizations that don’t take women seriously when they need funding to keep their businesses growing.

There’s good news on the horizon to counteract this dilemma.

Financial institutions exist that focus on supporting female business owners through small business loans for women.

It’s a relief to know that you aren’t on your own when you need capital to sustain your business. Likewise, you aren’t the only one who faces finding solutions to financial hardships.

A report confirming that women struggle to get funding

According to a 2018 report by the London Business School, a Telegraph survey indicated that two-thirds of the 750 women founders surveyed didn’t feel that investors and banks took them seriously.

These women came face to face with unfair treatment by financial services and favoritism by male investors toward men.

Furthermore, because investors may only have experience with male entrepreneurs, they identify ability by gender. Since these stereotypes exist globally, women are reluctant to grow their businesses.

UK Organisations that offer funding

But remember, you’re not really alone, there are many institutions which their only purpose is to help women entrepreneurs. Here are a few of them:

1.     Global Fund for Women

This fund advances gender equality by supporting women-led organizations.

Cash grants are awarded to support operating and program expenses and to help with travel and event organizing.

To apply, your organization must be governed by women and dedicated to improving women’s equality and/or human rights.

2.     Cartier Women’s Initiative

Set up as a global outreach to women, Cartier Women’s Initiative awards grants to 21 female entrepreneurs each year from all over the world.

The organization tailors its program to the needs of early-stage businesses providing business owners access to workshops and networking events.

To apply, business owners must be at least 18 years old and generate revenue and profit.

3.     Women Startup Challenge Europe

According to the organization, only 2.2% of venture capital funding goes to women-led startups.

To apply, a founder or co-founder must be a woman. The venture must be technology-based, have an original concept, and must have a working prototype. Female entrepreneurs must have raised a total of £1.9m as seed money for your venture.

You’ll experience more favorable results when your business creates solutions for problems experienced by people, businesses, or the planet.

4.     Anita Borg Institute for Women and Technology

The founder’s vision was to “inspire, motivate, and move women in technology.”

The organization helps fund women who work in the tech industry. In 2018, award prizes were offered to women in amounts from £380 to £9,000.

Applicants must be working or aspiring to work in the computing industry.

5.     UK Government

The government helps finance and support  UK science, technology, engineering, and math businesses and provides information on how to apply for growth grants.

Angel investors, venture capitalists, and others are interested in helping businesses owned by women. Examples of some of the organizations include e-Business grant, Innovate UK, and the Regional Growth Fund for businesses based in England.

The UK government’s website lists over 150 types of support that you can sort by business stage, industry, number of employees, and region.

Grow your business today with grants and small business loans for women

Even though women entrepreneurs fight an uphill battle to acquire funding, there are people ready to help.

Whether you apply for grants or small business loans for women, you take deliberate steps toward success.

Why not move closer to completing your business goals by checking out all available sources of financing. Doing so could make a huge difference in your business’s future.

 

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