A new online resource has been launched by the government to help business insurance customers benefit from growth funding.
The No-Nonsense Guide to Finance for High-Growth and Innovative Businesses will work as a one-stop resource for small firms looking to access funding.
Guidance will be provided on how business insurance holders should assess their funding requirements, where to seek reliable advice, what different finance options are open to them and the best way to pitch to investors.
In addition, business case studies will be given to illustrate the information.
Lord Drayson, minister for science and innovation, pointed out that the initiative is designed to help business insurance holders access a wide range of funding, including tax credits for scientific and technological research, loan guarantees and grants to support development.
He commented: "Supporting businesses to innovate and grow is especially important during the current downturn. It is these firms that will create the jobs, products and services of the future."
The National Endowment for Science, Technology and the Arts recently called on the government to focus investment on high-tech industries such as green technology, healthcare and digital media.
