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02 Dec 2019

How Can I Fund Growth and Development?

My business is quite new, and my growth is hindered by an obvious lack of funds. Where could I seek the necessary funds from and on which terms?


 Each financier operates on their own terms, which are often specific to the business. Options include, among others, banks and Finnvera, who analyze opportunities for profitable business operations.

You should plan the funding for your growth in a timely manner. Radical acceleration requires resources, and even more modest investments into growth don’t come for free. You should plan your funding such that the growth and development of your business remains controllable.

There is no single funding method that could be considered to be the best, and instead financial packages typically consist more than one financier. We can help you analyze your funding requirements and survey your funding and aid options. We can also provide help with funding applications and the required documents.

 

For which purposes can I receive public funding? Do investments always mean purchasing equipment or machines?

You can seek public funding for growth, internationalization, and product development. Public operators offer loans, aid, and capital investments, accessing which also requires a personal contribution. Receiving funding often requires the company to have the desire and the potential for growth. 

The most common financing partners for businesses include banks and Finnvera. When discussing funding and investments, you should carefully consider your personal funding needs. You should consider the reason for which you need the funds; is it cashflow management or purchases? Next, you should think about how much money you need and when do you need it. What can you provide as collateral for the funds? Only then should you start to think of the source of the funds.

Businesses can receive funding for growth from banks, financing companies, Finnvera, Business Finland, the Centre for Economic Development, Transport and the Environment, outside investors or through crowdfunding.

 

My business is located in the city center. Is there any possibility of receiving EU investment aid?

In the Uusimaa region, investment aid for businesses is only available through the Rural Development Programme for Mainland Finland. The aid is provided on discretionary basis. The aim of the investment aid is to increase the number of livelihood opportunities and jobs in rural areas. Thus, urban centers are excluded from the scope of the aid. If you are considering an investment, we can help you examine the financial support possibilities in your area.

We will gladly help you with any questions you might have related to funding. Book an appointment keuke (at) keuke.fi or 050 341 3210.

 
 
 

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Keski-Uudenmaan Kehittämiskeskus Oy

Business Development Centre Ltd. Helsinki Region North
Puuvalonaukio 2D, 2. krs, 04200 Kerava

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