Loans or Grants? (London)

[Kripplestyle]

I'm considering starting a little supermarket serving the Afro-Caribbean / African community in either the Harlesden, Willesden or South Kilburn areas.

From what I know, it's easier to get grants n things of that nature when you're younger (I'm 17) from the government. They also do loans but I'm not so sure on it, seen as it's a loan so repayment is obligatory. I don't know if we can collect together and open a shop together, but there's always a possibility.

What do you recommend I should do to get finances? Any other areas I can hopefully set up shop?I


@@DreadBrown
@@Kitsch

 

[mrjoncampbell]

I'm considering starting a little supermarket serving the Afro-Caribbean / African community in either the Harlesden, Willesden or South Kilburn areas.

From what I know, it's easier to get grants n things of that nature when you're younger (I'm 17) from the government. They also do loans but I'm not so sure on it, seen as it's a loan so repayment is obligatory. I don't know if we can collect together and open a shop together, but there's always a possibility.

What do you recommend I should do to get finances? Any other areas I can hopefully set up shop?I


@@DreadBrown
@@Kitsch

I'm not to sure but all the best with your venture. I saw this recently and the rates seem reasonable and the commitment is for 6 months so potentially you may not need outside loans/etc which you could be paying off for years: http://queensparade.org/looking-for-affordable-space/

 

[Kripplestyle]

I'm not to sure but all the best with your venture. I saw this recently and the rates seem reasonable and the commitment is for 6 months so potentially you may not need outside loans/etc which you could be paying off for years: http://queensparade.org/looking-for-affordable-space/

Thank you, I really appreciate that.

 

[SirReginald]

Something I plan to do too when I'm 26. Relocate to London and invest in/start a cafe.

 

[mrjoncampbell]

Thank you, I really appreciate that.

No problem

 

[Kitsch]

I'm unsure but I do know the owners of similiar shops in my area, will get back to you.

 

[Kripplestyle]

I'm unsure but I do know the owners of similiar shops in my area, will get back to you.

Thanks brother

 

[DreadBrown]

Government grants the best way to go my g you'd be suprised how many business get started that way.

But you only 17? If you serious find a college and take a business course while you're still entitled to free education.

 

[Kripplestyle]

Government grants the best way to go my g you'd be suprised how many business get started that way.

But you only 17? If you serious find a college and take a business course while you're still entitled to free education.

Thanks for the advice Dread. I took business gcse and passed b grade. I'm working full time so college isn't ideal. If I were to take a course, how would that be a benefit?

 

[Kitsch]

Thanks brother

I haven't been to the shops yet, doubt I will do so till next week (I'm at university and won't be home till next week). I understand this is just an idea right now and I think I understand the the gist of what you are trying to do but you will still a business plan to present to others.


I did have some free time and from looking around on the internet, these are my findings:

• Majority of government schemes I've come across so far require you to be 18 (Source: Click here, but I'd recommend you look through them and seen if any of them are applicable to yourself).
  
  
• For a business of the nature you wish to start, networking with the intent of seeking angel investors and speaking with others with similar businesses would be what I'd recommend (common sense).

 

[DreadBrown]

Thanks for the advice Dread. I took business gcse and passed b grade. I'm working full time so college isn't ideal. If I were to take a course, how would that be a benefit?

A business A-level will look a lot better on a grant application, shows your committed. They don't just hand them out like that u will need a business plan, future projections, market research and all that shyt before you even put a foot in the door.

 

[Kripplestyle]

I haven't been to the shops yet, doubt I will do so till next week (I'm at university and won't be home till next week). I understand this is just an idea right now and I think I understand the the gist of what you are trying to do but you will still a business plan to present to others.


I did have some free time and from looking around on the internet, these are my findings:

• Majority of government schemes I've come across so far require you to be 18 (Source: Click here, but I'd recommend you look through them and seen if any of them are applicable to yourself).
  
  
• For a business of the nature you wish to start, networking with the intent of seeking angel investors and speaking with others with similar businesses would be what I'd recommend (common sense).

I'm checking out the link now. I'll be attempting to draft a business plan. Again Thank you for your input, it's helping a lot.