James

Hey @ScottyT. – great shout! The King's Trust Enterprise Programme is genuinely one of the better starting points if you’re between 18 and 30 and looking to test a business idea. That £500 grant can go a long way when you’re validating a concept or buying your first bit of kit. Definitely recommend putting together a simple business plan with clear goals and how the money would make a difference – they like to see impact and clarity.

@Valerian – totally agree with you, mate. It’s a bit frustrating that the age cap is 30. There are loads of talented folks with great business ideas later in life. If you’re still exploring grant options, I’d recommend checking out the New Enterprise Allowance (NEA) or some of the local LEP (Local Enterprise Partnership) grants if you're UK-based, or similar schemes if you're in the States. Also, we’ve got a list of grants for all ages right here on Startup Networks – worth a browse!

Would love to hear what kind of ideas you’re both working on, too

Great insights from both of you!

@Harper – Using freelancers to scale while keeping overheads low is a smart move, especially in the early stages. Platforms like Upwork can be great for flexibility, but I imagine consistency and reliability can sometimes be a challenge. Have you found any particular hiring strategies that help you vet freelancers more effectively?

@Rodey – Totally agree that getting team input is crucial when it comes to culture. Too often, companies impose values or processes that don’t resonate with the team, which can backfire. Have you had any experiences where team feedback led to a major change in how things were done?

From our side at Startup Networks, we’ve seen a mix of strategies work well:

• Hybrid hiring: Combining freelancers for specific tasks while slowly building an in-house team for core functions.
• Transparent communication: Making sure everyone understands long-term goals, which helps align freelancers and full-time staff alike.
• Culture-first hiring: Bringing in people who fit the startup mindset, even if their skill set isn’t a perfect match.

Curious to hear if anyone else has had experiences—either positive or negative—when trying to scale their tea

Hey Rodey,

You're not alone in feeling concerned about the changes to farming grants and subsidies. The UK has been shifting away from the old Basic Payment Scheme (BPS) towards the Environmental Land Management schemes (ELMs), which focus more on sustainable practices. Many farmers have found it challenging to adapt, especially smaller-scale ones.

If you have acreage in the Midlands and want to turn it into something productive, you might want to look into:

Sustainable Farming Incentive (SFI): Offers payments for soil health, hedgerow management, and sustainable practices.
Countryside Stewardship: Supports environmental conservation efforts.
Farming Investment Fund: Helps with equipment and technology upgrades.
It depends on what kind of project you're considering—diversifying into agro-tourism, regenerative farming, or even something like rewilding for grants. If you're put off by the uncertainty, speaking to a rural business advisor or checking with DEFRA’s latest updates could help clarify options.

Would love to hear more about what you're thinking of doing with your land!

James

On 09/03/2025 at 14:19, D. Edmunds said:

Darn, I missed it!  Do you guys hold these events often?  Is there a way to sign up for notifications so I don't miss the next one?

We're working on something like this! We do run events routinely, we just posted another the other day.

Exciting times ahead with graduation coming up! It’s great that you’re already thinking about entrepreneurship—getting started is always the hardest part, but also the most fun.

A good first step is to pick one idea you’re most passionate about and start validating it—talk to potential customers, see what problems they face, and figure out if your idea solves them. The sooner you start testing, the faster you'll learn what works (and what doesn’t).

Berry’s got a great point—any idea in particular you’re leaning towards? Happy to help however I can!

Totally get where you're coming from! When it's your business, it’s hard not to have a hand in everything – after all, you’ve got the vision, and you want it done right. One thing that helps is hiring people you trust and setting clear expectations upfront. Giving them the freedom to figure things out can actually lead to better results (and save you a ton of stress).

Also, instead of overseeing every little thing, maybe set up regular check-ins – that way, you stay in the loop without hovering. Any specific areas you’re finding hard to let go of?

17 hours ago, Go Green said:

Ouch!  I've made the mistake of cashing in investments too soon, especially cryptocurrency.  It still makes me cringe when I think about it today.  Your mentor was wise. 

I've lost so much to cryptocurrency haha

On 21/02/2025 at 14:58, Go Green said:

I think it depends on the startup, to be honest.  Since mine is about sustainability and preserving the environment for future generations, I've gone into meetings knowing what the investors hold dear and made an effort to connect with them on a personal level. I think my strategy helped.  Even those who opted not to invest, still gave me useful feedback.

Going into it knowing the investors and information about them makes it much easier!

We're almost finished writing your journal post!

Government startup loans are one of the best funding options for entrepreneurs looking to launch or scale their businesses. With lower interest rates, flexible repayment terms, and additional support, they provide a great alternative to private lenders or venture capital. But how do you qualify, and what’s the application process like? This guide will walk you through everything you need to know about securing a government-backed startup loan.

What Are Government Startup Loans?

Government startup loans are financing options backed by the government to support new businesses. Unlike grants, these loans must be repaid, but they often come with lower interest rates, longer repayment terms, and mentorship or business support services.

Key Features:

✔ Low-interest rates compared to private lenders.

✔ Flexible repayment terms (often up to 5-6 years).

✔ No early repayment fees.

✔ Available to businesses with little or no trading history.

✔ May include mentorship or additional support.

Example: In the UK, the Start Up Loans Scheme provides up to £25,000 per founder to eligible entrepreneurs, with free mentoring and business guidance included.

Who Can Apply for a Government Startup Loan?

While eligibility varies by country and programme, here are common requirements:

New or Early-Stage Businesses: Typically, your business should be under 2 years old.

Business Plan & Financial Forecasts: A solid business plan demonstrating feasibility and growth potential.

Creditworthiness: While not as strict as traditional banks, lenders may still check your personal credit history.

Registered Business Entity: Some schemes require official business registration before approval.

Residency Requirements: You must often be a resident of the country offering the loan.

Tip: If your business isn’t yet registered, consider forming a sole proprietorship, partnership, or limited company before applying.

Types of Government Startup Loans by Country

Each country has its own startup loan programmes. Here are some major options:

United Kingdom – Start Up Loans Scheme

• Funding: Up to £25,000 per founder (up to £100,000 for teams).

• Interest Rate: Fixed at 6% per annum.

• Repayment: 1 to 5 years, no early repayment fees.

• Extras: Free business mentoring for 12 months.

• Website: www.startuploans.co.uk

United States – SBA 7(a) Loans & Microloans

• Funding: Up to $5 million (SBA 7(a)) or $50,000 (microloans).

• Interest Rate: Varies but generally lower than private lenders.

• Repayment: 6-10 years.

• Extras: May require collateral for larger loans.

• Website: www.sba.gov

Australia – New Enterprise Incentive Scheme (NEIS)

• Funding: Low-cost loans for eligible startups.

• Extras: Training, mentoring, and allowances for up to 39 weeks.

• Website: www.business.gov.au

Tip: Research government-backed startup loan options in your specific region as local economic development programmes may have additional opportunities.

How to Apply for a Government Startup Loan

The application process varies, but most follow these steps:

Step 1: Prepare Your Business Plan

Lenders want to see: ✔ A clear business concept and target market. ✔ Revenue projections and cash flow forecasts. ✔ How you will use the loan. ✔ Repayment strategy.

Step 2: Check Your Eligibility

Ensure your business meets the funding criteria, including location, age, and financial health.

Step 3: Gather Required Documents

You’ll typically need: ✔ Business registration documents. ✔ Personal and business bank statements. ✔ Financial forecasts. ✔ Credit history details. ✔ Legal and tax documents.

Step 4: Submit Your Application

Most government startup loans allow you to apply online through dedicated portals.

Step 5: Attend an Interview (If Required)

Some programmes may require a phone or in-person interview to assess your business viability.

Step 6: Receive Approval & Funding

If approved, funds are disbursed, and repayment terms begin as agreed.

Pro Tip: Government startup loans can be competitive—ensure your application is well-prepared and free of errors.

Pros & Cons of Government Startup Loans

Pros

✔ Lower Interest Rates – More affordable than private loans.

✔ Longer Repayment Terms – Reduced monthly payments.

✔ No Collateral (in Some Cases) – Some loans are unsecured.

✔ Additional Support – Free mentoring, business resources.

✔ No Equity Loss – Unlike venture capital, you keep full ownership.

Cons

Strict Eligibility Criteria – Not all businesses qualify.

Lengthy Approval Process – Applications can take weeks or months.

Limited Loan Amounts – May not be enough for high-growth startups.

Credit Checks Still Apply – A poor credit history may reduce chances of approval.

Tip: If you don’t qualify for a government startup loan, explore alternative funding sources like angel investors, crowdfunding, or revenue-based financing.

Alternatives to Government Startup Loans

If a government loan isn’t the right fit, consider:

✔ Angel Investors & Venture Capital – Funding in exchange for equity.

✔ Crowdfunding – Platforms like Kickstarter, Crowdcube.

✔ Revenue-Based Financing – Repayment based on earnings.

✔ Small Business Grants – No repayment required.

✔ Peer-to-Peer Lending – Loans from private investors.

Final Thoughts: Should You Apply for a Government Startup Loan?

A government startup loan can be a game-changer for early-stage businesses, offering affordable financing with valuable business support. If your business meets the criteria and you have a solid plan for repayment, it’s a great option to kickstart your entrepreneurial journey.

Need Help Navigating the Process? Connect with mentors, advisors, and investors on Startup Networks to get expert guidance on securing the right funding for your business.

Find a Mentor Here

58 minutes ago, Pandora said:

This is some really handy information, James! I spent most of last summer in Texas learning about the barbecue industry, and now I want to bring what I learned home with a takeaway business. In terms of extra capital, who better to go to than the folks who taught me? Obviously they're in the US, so it never occurred to me to ask them, but now I have a starting point of information to give them. Thanks!

Thank you so much Pandora, glad someone's reading the Q&As I had great fun writing them! I bet that was a great trip, USA is known for their barbeques!!

22 hours ago, Ahtisham Hussain said:

Hiring the right talent is one of the biggest challenges for startups. Sorting through hundreds of applications, screening candidates, and ensuring the best fit—all while trying to scale your business—can be overwhelming.

What if AI could streamline your hiring process?
What if you could reduce time-to-hire by 50%?
What if every candidate was assessed objectively, beyond just keywords on a resume?

At ByteSpark.ai, we’ve built an AI-powered recruitment platform that automates talent sourcing, shortlisting, and screening—giving you top-tier candidates in record time. Whether you're hiring your first team or scaling fast, our solution helps you:

Find the right candidates faster – AI-driven shortlisting saves you hours of manual screening.
Improve hiring accuracy – Match candidates based on skills, experience, and cultural fit.
Reduce hiring costs – Cut down recruitment expenses while increasing efficiency.
Enhance candidate experience – Provide real-time feedback and a transparent hiring process.

Would you be interested in learning more about how AI can transform hiring for startups? Let’s spark a conversation! Drop a comment or DM me if you’d like a demo.

#AIRecruitment #StartupHiring #TalentTech #HiringSolutions #ByteSparkAI

Love this idea @Ahtisham Hussain!

Hi @Cyrlene Braithwaite this is so cool - always super interesting when new businesses register on Startup Networks - this is a first though! Absolutely love this. I am sure there are some avid Reggae fans on this forum! Following this thread !

17 minutes ago, Hang said:

I am Hang. Looking to connect with like minded people

Welcome, @Hang Great to have you here. This is definitely the place to connect with like-minded people! Are you working on a startup or exploring new opportunities? Would love to hear more about what brings you to the community. Looking forward to great conversations!

Great event turn out! 

We'll have all of the footage sent over to us shortly, which will be uploaded in www.startupnetworks.co.uk/files where you can download all of it easily as a member.

Kind regards,

James

Great to see you on here! I’ve worked with Stefan a lot over the years and he’s fantastic at what he does - with a strong background he will be able to help you!

Very experienced and able to help you in a concise, easy to understand manner that makes him a fantastic advisor!

Hi Sridevi, nice to meet you! Love the business, good idea - chatgpt has a monopoly on how people use AI in startups - having dedicated, stand alone product thats trained on SME lifelines is great.

Hi Mei, 

Happy you found us! Great to have you here!

We're in the middle of preparing new templates, grants, resources and more to help amazing founders like you haha!

Whats your startup name? @Mei Tamel love to see it!

Kind regards,

James.

Securing a startup business loan is one of the most crucial steps for launching a new business in the UK—whether you're starting an online shop, tech company, consultancy, or local service. With over 20,000 new businesses launched each month in the UK, competition for funding is fierce. A lack of capital is one of the top reasons why startups fail, making access to the right finance not just helpful but essential.

So, how can you get a business loan for a startup? What do lenders actually look for in new businesses? Is a government Start Up Loan the best choice, or should you consider peer-to-peer platforms, bank loans, or revenue-based financing? What are the easiest startup loans to get approved for in 2024?

This guide answers the most commonly searched questions like:

• How do you get a loan to start a business?

• How can I get a loan to start a business?

• How to get a startup business loan in the UK?

• What is the best loan for a new business?

• Are startup loans hard to get?

• How to obtain a business loan to start a business with no revenue?

Whether you’re looking for loans for small business startup needs, new business start up loans, or even startup loans with bad credit, we cover it all. We’ll explore your options, show you how to build a winning application, and share insider tips to increase your chances of approval.

With so many people searching for terms like "business start up loan", "loans for new business", and "start up business loans UK", it’s more important than ever to cut through the noise and make informed decisions that support your growth. Let’s dive into the world of startup finance and find the best route for turning your idea into a thriving business in 2024 and beyond.

What Exactly Is A Startup Loan? 

A startup loan is more than just a financial product—it can be the lifeline that breathes life into a great idea. It’s designed specifically for those bold enough to launch a new venture, even without years of financial records or a lengthy trading history. These loans exist to support entrepreneurs who are ready to take that leap but lack the upfront capital to get going.

For many, the dream of launching a business is driven by passion, purpose, or the simple belief that they can do things better. But dreams often stall without funding. That’s where startup loans step in—helping cover early-stage essentials like:

• Purchasing initial inventory or materials

• Investing in vital equipment

• Launching your brand and digital presence

• Renting workspace or a retail unit

• Paying freelancers or early hires

Unlike traditional business finance, which typically demands years of profit and a strong balance sheet, startup loans are built for possibility. They're more flexible, often unsecured, and usually come with extras like free mentorship or access to founder communities. For many first-time founders, they represent the first real vote of confidence in their vision.

Why Do Startup Loans Matter?

Starting a business is exciting, but it’s also financially demanding. Most startups burn through cash before they ever make their first sale. Without sufficient funding, even the most promising venture can falter at the starting line.

A startup loan gives you breathing space. It allows you to make calculated decisions, seize opportunities, and invest in long-term growth instead of just surviving day to day. Whether you’re opening a café, developing a SaaS product, or launching a consulting agency, the right loan can be the difference between momentum and stagnation.

What Can You Use a Startup Loan For?

Startup loans are versatile. Depending on your business model, they can be used to:

• Purchase computers, tools, or software

• Fund your eCommerce platform or mobile app

• Pay for product design, testing, and packaging

• Hire a developer, designer, or marketer

• Kick off your social media or Google Ads campaigns

• Travel to pitch events or trade shows

Think of it this way: a startup loan isn’t about splashing out—it’s about building your foundation smartly.

Are Startup Loans Easy to Get?

Let’s be honest—lenders are cautious with startups, and rightly so. But that doesn’t mean it’s impossible. In fact, the UK’s Start Up Loans Scheme has funded over 100,000 entrepreneurs to date, offering up to £25,000 per person, often with low fixed rates and no setup fees. Alternative options like peer-to-peer lending, online fintech platforms, and community credit unions have also lowered the barrier to entry for newer businesses.

What’s changed in 2024 is that lenders are increasingly valuing your vision and your planning, not just your profit. If you can clearly communicate your business plan, showcase market demand, and demonstrate how you’ll repay the loan—you stand a real chance.

Why Startup Loans Are Worth Considering:

• Tailored for entrepreneurs with little or no trading history

• No need to risk your home or car (often unsecured)

• Reasonable repayment periods (1–5 years common)

• Comes with added value like business mentoring

• Helps you build credibility for future investment

Whether you’re a solo founder testing an idea or a duo planning your go-to-market launch, a startup loan can unlock your first chapter. It’s not a shortcut—but it’s a powerful tool for those ready to move forward with clarity, courage, and commitment.

In the sections ahead, we’ll guide you through eligibility, what paperwork you need, common pitfalls, and the practical steps to apply successfully—so you can secure the funding your business truly deserves.

What Makes a Founder Eligible for a Startup Business Loan? 

Eligibility for a startup loan isn’t always black and white. It sits in a grey area where ambition meets accountability, and where a great idea needs to be backed by a solid plan. While startup loans are designed for those with limited trading history, they’re not handed out freely. Lenders still need to trust that you’ll be able to repay them.

Here are the key factors lenders consider when assessing startup loan applications:

• Personal Credit Score: Your credit history is often the first checkpoint. According to Experian, the average UK credit score is around 759 (out of 999). While you don’t need a perfect score, anything below 600 might raise red flags. If you've missed payments or defaulted in the past, it helps to be transparent and show how you’ve turned things around. For those with low scores, a guarantor (someone who agrees to repay if you can't) can significantly improve your chances.

• Business Plan: A well-written, realistic business plan can set you apart. This isn’t just about having a flashy pitch deck. Lenders want details—clear objectives, solid market research, competitive analysis, and most importantly, a route to profitability. A survey by the British Business Bank found that applicants who included a 12-month cash flow forecast were more than twice as likely to be approved for a loan.

• Trading History (if any): Although startup loans cater to new businesses, showing any kind of sales or pre-orders strengthens your case. Even small revenue signals that there is real demand.

• Collateral: While many startup loans are unsecured, some lenders may request collateral, especially for higher amounts. This could be equipment, a vehicle, or even intellectual property.

• Industry Risk: Not all sectors are seen equally. For instance, finance, construction, and hospitality are often classified as higher risk by lenders due to economic fluctuations. On the other hand, tech, education, and green energy might be viewed more favourably, especially if backed by market data or social impact.

Tip: If your credit history isn’t ideal, don’t panic. You can work on improving it by registering on the electoral roll, paying down debts, and correcting any errors in your credit report. A guarantor or a co-founder with stronger financials can also help bridge the gap.

The bottom line? Lenders aren’t looking for perfection. They’re looking for preparation. If you can prove that you've done your homework, understand your market, and have a realistic repayment plan—you stand a strong chance of securing that essential funding.

Preparing a Strong Loan Aplication for Startup Consideration 

Securing a startup loan can be a defining moment for your business, but many founders stumble at the application stage because they underestimate the importance of preparation. Think of it this way: you wouldn’t pitch to investors without a strong deck—so don’t apply for a loan without equally rigorous preparation.

Here’s how to give yourself the best chance of approval:

1. Write a Winning Business Plan

Your business plan is the backbone of your loan application. It should show that you understand your market, have a route to revenue, and have mapped out your growth logically.

• Start with a compelling Executive Summary.

• Detail your Product/Service Offering.

• Conduct proper Market Research and show data.

• Present your Revenue Model and cost structure.

• Outline clear Growth Strategies.

Find business plan templates and guides in the Startup Networks Resources Section.

2. Create Solid Financial Forecasts

Your numbers don’t need to be perfect, but they should be realistic, consistent, and demonstrate a strong grasp of cash flow. Include:

• 12-month Cash Flow Forecast

• Sales Projections and expected growth

• Break-even Analysis

• Profit and Loss Forecasts

Need help? Connect with a mentor on Startup Networks who can review your financials before you submit.

3. Review and Prepare Credit Reports

Lenders will assess both personal and business credit (if available). Visit Experian, Equifax, or TransUnion to:

• Check your score

• Correct errors

• Pay off outstanding debt

If your score is low, consider applying with a guarantor or working on credit repair first.

4. Gather Supporting Financial Documents

Be prepared to back up your forecasts and financial history. Include:

• Personal and/or business Bank Statements (last 3-6 months)

• Most recent Tax Returns (SA302 or CT600)

• Any Invoices showing demand or customer traction

5. Ensure Your Legal Documents Are in Order

Even the best business idea won’t go far without being properly registered. Be ready to submit:

• Company Incorporation Certificate

• Business Licences or Permits

• Partnership or Shareholder Agreements (if applicable)

Download legal startup templates via the Startup Networks Docs Library.

6. Demonstrate Use of Funds

One of the biggest reasons applications are rejected? Vague or unrealistic spending plans. Be specific:

• "£4,000 for digital marketing campaign across Meta and Google."

• "£2,000 for product manufacturing."

• "£3,500 for initial staff and freelance hiring."

Transparency builds trust.

7. Prepare for a Follow-Up Interview or Questions

Treat this like an investor pitch. Practise explaining your model, your market, and your plan for repayment. Know your numbers, your differentiators, and your risks.

Final Tip: Create a Loan Application Pack

Bundle all your documents into one neat folder (physical or digital) so that you’re ready to hit send. Presentation matters more than you think—it shows attention to detail, professionalism, and commitment.

Organisation is key. The more polished and thought-through your application, the better your odds of approval.

Compare Lenders & Loan Options

Not all startup loans are created equal. Research different lenders and compare terms before applying.

Traditional Banks – Lower interest rates but stricter eligibility requirements.

Online Lenders – Faster approvals and more flexible terms but may have higher interest rates.

Government Schemes – Lower rates and better terms but can take longer to process.

Peer-to-Peer Lending – Funding from individual investors rather than banks.

Credit Unions & Nonprofits – Community-based funding, often with better terms for startups.

Tip: Compare loan amounts, repayment terms, interest rates, and additional fees before deciding.

Gather Necessary Documents

Lenders require documentation to evaluate your application. Be prepared with:

✔ Business Plan – Essential for proving viability.

✔ Financial Statements – If available, include profit/loss statements and cash flow records.

✔ Personal & Business Credit Reports – Shows your repayment history and risk level.

✔ Tax Returns – Personal and business tax returns for at least the past year (if applicable).

✔ Bank Statements – Demonstrates cash flow management.

✔ Legal Documents – Business registration, licenses, or partnership agreements.

Tip: Organising these documents in advance speeds up the approval process.

Apply for the Loan

Once you’ve done your research and prepared the necessary paperwork, it’s time to apply.

Online Applications – Many lenders offer digital applications for quicker processing.

In-Person Meetings – If applying through a bank, scheduling a meeting may help build trust.

Government Programmes – Follow specific guidelines provided for schemes like Start Up Loans UK.

Tip: Be honest and transparent in your application. Overstating revenue or providing inaccurate information can lead to rejection.

What Happens After You Apply?

Once you submit your application, here’s what to expect:

✔ Credit & Financial Review – The lender will assess your credit score and financial documents.

✔ Interview or Additional Questions – Some lenders may request a call or meeting to clarify your business model.

✔ Approval or Rejection – If approved, review the loan terms carefully before signing.

✔ Disbursement of Funds – Once accepted, funds are usually transferred within days to weeks.

Tip: If rejected, request feedback and work on improving weak areas before reapplying.

Managing Your Loan Responsibly

Getting the loan is just the first step—responsible financial management is key to success.

Make Timely Payments – Avoid late fees and negative credit impact.

Use Funds Wisely – Stick to the original purpose outlined in your business plan.

Monitor Cash Flow – Regularly check income vs. expenses to stay on track.

Plan for Unexpected Costs – Keep some funds aside for emergencies.

Tip: Consider setting up automatic payments to ensure you never miss a repayment.

Final Thoughts: Is a Startup Loan Right for You?

A startup loan can provide the boost your business needs to grow, but it’s crucial to borrow responsibly. Assess your financial position, repayment ability, and business model before taking on debt.

Need Expert Help? Connect with mentors, advisors, and investors on Startup Networks for guidance on securing funding and growing your business.

Find a Mentor Here

Three days away now!

A Game-Changer for Wastewater Utilities

StormHarvester, a Belfast-based technology provider that helps water companies optimise sewer network management, has secured £8.4 million in Series A funding. The investment was led by YFM Equity Partners, with participation from existing investors and Emerald Technology Ventures. This funding will accelerate StormHarvester’s expansion into new markets and support the development of its cutting-edge AI-driven solutions.

StormHarvester’s Innovative Technology

1. Automated Water Management

Launched in 2019, StormHarvester’s SaaS platform uses:

• Machine Learning and Rainfall Prediction: To identify blockages and anomalies in pumping stations.

• Proactive Maintenance: Enabling water companies to address issues before pollutants are released, significantly reducing the frequency of pollution incidents.

2. Environmental Impact

StormHarvester’s technology helps utilities:

• Comply with stringent environmental standards.

• Safeguard ecosystems by reducing pollution and flooding.

Milestones and Adoption

Rapid Growth

• Since winning its first formal tender in 2019, StormHarvester has:

  • Onboarded 75% of UK water utility companies.

  • Established itself as the first-to-market provider of AI solutions for wastewater management in the UK.

Addressing Global Challenges

StormHarvester is tackling issues such as:

• Urbanisation and population growth.

• Climate change-driven pressures on wastewater systems.

• The increasing need for sustainable infrastructure solutions.

Funding Allocation and Strategic Goals

Expanding Product Range

StormHarvester will enhance its SaaS platform with:

• New features to improve operational efficiency for utilities.

• Advanced tools to further reduce pollution and flooding risks.

Scaling Globally

The funding will support:

• Expansion into Australasia and North America.

• Building sales and marketing capabilities to meet international demand.

Statements from Leadership

Brian Moloney, CEO of StormHarvester

"With YFM’s backing, we can take our highly accurate technology to new territories with the aim of improving wastewater management globally. Our AI solution identifies issues before they happen, facilitating proactive intervention and protecting vital water resources."

Mike Clarke, Partner at YFM Equity Partners

"StormHarvester has carved out a market-leading position in the UK utilities sector. We are proud to support their scale-up journey as they expand internationally and set new standards in environmental stewardship and sustainability."

The Future of Wastewater Management

Leading the Way in Sustainability

StormHarvester’s AI-driven solutions are:

• Transforming how utilities manage wastewater systems.

• Setting new benchmarks for environmental responsibility and operational efficiency.

Supporting Global Utilities

By expanding into new markets, StormHarvester aims to:

• Empower utilities worldwide to proactively manage their networks.

• Contribute to healthier environments and more sustainable water management practices.

Leading the Way in Secure Biometrics

Keyless, a pioneer in privacy-preserving biometric authentication, has raised £1.6 million in a follow-on funding round led by existing investors Rialto Ventures and Experian Ventures. This brings Keyless’ total funding to £8 million over the past 18 months. The new funding will support Keyless’ ambitious plans for expansion and innovation in 2025, building on a highly successful 2024.

Keyless’ Groundbreaking Biometric Technology

1. Privacy-Preserving Biometrics

Keyless leverages advanced facial biometrics to authenticate users without compromising privacy. The platform is designed to:

• Protect users from data breaches and identity theft.

• Simplify authentication processes for enterprises and end users.

2. Tackling Emerging Threats

Keyless is developing new solutions to address advanced injection attacks, including:

• Enhanced protection against deepfake-based fraud.

• New biometric features that push the boundaries of authentication technology.

2024: A Transformational Year

Milestones Achieved

• Customer Growth: Expanded into the UK, EU, North and South America.

• Sector Reach: Gained multinational customers in banking, fintech, crypto, and gaming.

• US Expansion: Strengthened its North American presence by hiring:

  • North American Sales and Technical Services Directors.

  • Industry experts Sarah Clark and Charles Walton, both former SVPs at MasterCard, as advisors.

Market Growth

The global biometric identity market for financial services is expected to grow at a CAGR of 41% over the next three years, reaching £30 billion globally. Keyless has positioned itself as a leader in this fast-growing sector.

Planned Use of Funding

Accelerating Growth

Keyless will use the new funding to:

• Expand further into North America.

• Onboard more customers across its key verticals.

• Invest in R&D to enhance its biometric authentication platform.

Driving Innovation

Keyless plans to:

• Introduce breakthrough features that set new standards in privacy-preserving biometrics.

• Announce exciting developments later in 2025.

Statements from Leadership

Andrea Carmignani, Co-Founder & CEO of Keyless

"2024 was a transformational year for both Keyless and the broader industry. The adoption of privacy-preserving biometrics is growing rapidly, reducing fraud and improving user experiences simultaneously. We’re excited to build on this momentum in 2025."

The Future of Privacy-Preserving Biometrics

Meeting Industry Challenges

As cyber threats evolve, Keyless remains at the forefront of secure authentication solutions, providing:

• Enhanced user protection.

• Scalable solutions for multinational enterprises.

Shaping the Market

Keyless is redefining biometric authentication with:

• Privacy-preserving solutions that address emerging fraud techniques.

• Technologies designed to keep pace with the booming biometrics market.

Transforming the Clinical Trial Landscape

Lindus Health, known as “the anti-CRO”, has announced the close of a £45 million Series B funding round led by Balderton Capital, with participation from Visionaries Club and existing investors Creandum, Firstminute Capital, and Seedcamp. This funding will accelerate the development of Lindus Health’s proprietary AI-powered eClinical platform, Citrus™, and expand its operations to redefine how clinical trials are conducted.

The Need for Disruption in Clinical Trials

1. Challenges with Traditional CROs

• 85% of clinical trials are delayed, causing inefficiencies that hinder drug development.

• The cost of developing a single drug has skyrocketed, increasing by nearly £250 million from 2021 to 2022 alone.

• The stagnant CRO industry lacks adoption of modern technology, driving higher research costs and delaying patient access to new treatments.

2. Lindus Health’s Tech-First Approach

Lindus Health is disrupting the £90 billion CRO industry by:

• Leveraging big data and AI to optimise study design.

• Automating central monitoring of study data for faster, more accurate results.

• Using Citrus™ to provide instant biostatistics, central patient recruitment, and new trial designs.

Lindus Health’s Impact

Efficiency and Cost-Effectiveness

• Clinical trials are up to three times faster than traditional models.

• Improved quality of trial data reduces costs and enables life sciences companies to iterate faster.

• Lower research and healthcare costs lead to affordable treatments for patients.

Transforming Drug Development

• By replacing outdated “waterfall” models with agile research methodologies, Lindus Health allows companies to:

  • Innovate rapidly.

  • Explore new therapeutic approaches.

  • Translate breakthroughs into patient-ready solutions faster.

Statements from Leadership and Investors

Meri Beckwith, Co-Founder, Lindus Health

"The antiquated CRO model is failing the industry and patients. Lindus is completely reinventing how clinical trials operate, breaking the cycle of inefficiencies, and enabling life science companies to innovate faster."

Michael Young, Co-Founder, Lindus Health

"The last two decades have brought huge scientific breakthroughs, but clinical trial bottlenecks prevent these innovations from reaching the public. We’re introducing a paradigm shift in trials, powered by technology, to change the way drug development works."

Suranga Chandratillake, Partner, Balderton Capital

"Lindus Health’s vision for clinical trials and their unwavering commitment to patient outcomes sets them apart. This pioneering mission to build the anti-CRO will help translate breakthroughs in life sciences and AI into therapeutics that improve millions of lives."

Funding Allocation and Future Plans

Advancing Technology

• Further development of Citrus™ to enhance trial design, monitoring, and data analysis.

• Expanding AI capabilities to improve trial efficiency and outcomes.

Scaling Operations

• Hiring across clinical operations, product development, and engineering.

• Broadening Lindus Health’s presence to serve more life science companies globally.

Improving Patient Access

• Faster trial processes to reduce time-to-market for groundbreaking treatments.

• Lower costs to make healthcare more accessible and equitable.

The Road Ahead

This £45 million funding round marks a pivotal moment in Lindus Health’s journey to revolutionise clinical research. By leveraging cutting-edge technology and breaking free from outdated industry norms, Lindus Health is setting the stage for faster, more reliable trials and groundbreaking treatments that will improve healthcare outcomes for millions of patients worldwide.

Enhancing Security with AI Innovation

Vizgard, a cutting-edge Artificial Intelligence (AI) software company, has raised £1.5 million in an oversubscribed funding round led by Sure Valley Ventures, with additional participation from Midwich Ignite and Focal. This funding will accelerate Vizgard’s mission to enhance Defence and Public Safety systems using its proprietary visual AI platform, FortifAI.

FortifAI: Bridging Gaps in Defence and Public Safety

1. Transformative Capabilities

FortifAI leverages low-power, commercially available processors to deliver:

• Real-Time Threat Identification: Precise detection and analysis of threats.

• Automatic Camera Control: Reducing operator workload significantly.

• Behaviour Risk Index: A proprietary algorithm calculating human-explainable danger probability scores while protecting privacy with automatic face blurring.

2. Robust AI for Real-World Scenarios

Combining traditional computer vision with advanced deep learning, FortifAI enables:

• Detection of complex safety events, such as responding to vulnerable individuals at risk.

• Automatic alerts for events previously unaddressed by conventional systems.

Meeting Growing Defence Sector Demands

Founder’s Vision

Founded in 2021 by former Royal Navy submariner Alex Kehoe, Vizgard addresses the growing demand for reliable AI-powered automation in Defence:

• Acknowledging gaps highlighted by the House of Commons Defence Committee report on AI deployment.

• Delivering edge-operating AI that reacts faster, acts independently in the absence of GPS or communication, and provides actionable collaborative feedback.

Key Contracts and Projects

Vizgard has secured contracts with:

• The Ministry of Defence and HMGCC Co-Creation.

• Leading defence technology companies and a major UK transport organisation.

• Sesanti, a British camera manufacturer, and multiple national police departments.

Vizgard also participates in a £12 million Innovate UK consortium led by Altitude Angel, developing a 165-mile drone superhighway, and recently received a Home Office contract for a portable knife-detection solution powered by FortifAI.

Statements from Leadership and Investors

Alex Kehoe, Founder & CEO of Vizgard

"The UK has all the ingredients to lead the world in defence AI, but the pace of transitioning from Proof of Concept to deployment is lagging. From the beginning, we focused on developing AI that could deliver the most immediate impact – operating at the edge, within or near moving cameras. Whether on land, in the air, or at sea, this approach ensures systems can react faster, act independently if GPS or communication is lost, and even act collaboratively to provide more actionable feedback."

Brian Kinane, Founding Partner at Sure Valley Ventures

"Vizgard is tackling the growing need for time-critical visual intelligence and precision camera automation in security and defence solutions. Their technology addresses important AI reliability concerns through a robust ‘systems approach’, identifying threats that would have been missed and allowing stronger performance in new environments."

Will Fenby, Investor at Midwich Ignite

"Vizgard’s visual AI platform, FortifAI, offers a revolution in public safety. With our expertise in the UK security market, we are delighted to be supporting a business at the forefront of AI innovation in this space."

Future Plans for Vizgard

Accelerating Growth

With the £1.5 million funding, Vizgard will:

• Expand the capabilities of its FortifAI platform.

• Strengthen its presence in Defence and Public Safety sectors.

• Continue building innovative solutions that prioritise both security and privacy.

Scaling Innovation

Vizgard’s commitment to robust and reliable AI will drive:

• Faster deployment of edge-operating AI solutions.

• Enhanced collaboration with government and private organisations.

• Broader applications of its visual AI technologies across Defence, Public Safety, and related industries.

Empowering Employees Through Financial Wellbeing

Aslan, a next-generation financial wellbeing solution, has announced an oversubscribed £3.9 million seed funding round. The round was led by Notion Capital, a prominent European software and cloud venture capital investor, alongside Redstone and several angel investors. Stephen Chandler, Managing Partner at Notion Capital, will join Aslan’s Board as part of this funding.

Aslan’s Mission to Revolutionise Pay

1. Making Pay Go Further

Aslan provides employees with:

• Reward Cards: Tax-efficient cashback on all spending, including holidays.

• Flexible Pay Options: Employees can choose when and how to get paid, within employer-defined limits, enabling responsible financial control and monthly budgeting.

2. Addressing Employee and Employer Challenges

• Rising Payroll Costs: UK businesses face higher payroll costs due to the Autumn Budget, with £100 in take-home pay now costing employers over £200.

• Cost of Living Crisis: Fixed payroll dates and rising personal debt levels leave employees struggling. Aslan helps employees avoid high-interest overdrafts and credit cards, providing savings of 25-40% in interest charges.

Rapid Adoption and Market Growth

Key Achievements

• Launched in April 2024, Aslan has onboarded high-profile clients across industries, from financial services to luxury goods.

• Strong employee adoption, with users engaging daily with the platform.

• Flexible pay and rewards are popular across all salary levels, with:

  • Average User Salary: £50,000 per year.

  • Significant Proportion: Earning over £100,000 annually.

Planned Use of Funding

Aslan will utilise the £3.9 million investment to:

1. Enhance User Experience: Launch new budgeting, financial education, and rewards features to increase engagement.

2. Scale the Team: Invest in top talent across product, engineering, and customer success to support growth.

3. Transform Workforce Engagement: Redefine how employers approach employee compensation and financial wellbeing.

Statements from Leadership and Investors

James Gozney, Founder & CEO of Aslan

"We are incredibly excited to have the support of such highly respected fintech investors as we enter this next phase of growth. This investment is a testament to the progress we’ve made, working with forward-thinking clients across multiple sectors within the UK workforce. Aslan will fundamentally change the way that we all get paid, and how companies reward their people."

Stephen Chandler, Managing Partner at Notion Capital

"We are delighted to lead this investment round in Aslan and support its ambitious and passionate team. Aslan is bringing significant innovation to market by enabling flexible pay and rewards for salaried employees. It provides game-changing benefits for both employers and their staff, and we are excited about its next stage of growth."

The Future of Employee Pay with Aslan

Transforming Financial Wellbeing

Aslan aims to:

• Empower employees to take control of their finances responsibly.

• Deliver tax-efficient benefits that enhance employee satisfaction.

• Help employers navigate rising payroll costs while offering innovative compensation solutions.

Driving Innovation

The company’s commitment to innovation includes:

• Expanding its suite of financial wellbeing tools.

• Building long-term partnerships with forward-thinking businesses.

• Redefining employee compensation and engagement across industries.