Finding finance to help start or improve your business is tough at any time, but retailers can find it especially difficult. However there are always options to explore and you might find non-financial support just as valuable for your business.
All businesses need to develop a relationship with a bank, and this continues to be a key area for accessing business financing. Business loans for retailers - whether starting up, for growth or bridging finance - are available for businesses with a strong business plan. See obtaining bank financing.
While direct financial support is important for retail businesses, more targeted advisory or training support can be just as valuable. A growing retail business relies on good customer interaction with staff, and training schemes are available to raise the skills of your employees. Find out more about Department the Economy retail skills development courses.
Your local enterprise agency is a great place to find support for a retail business. Many local enterprise agencies offer property solutions which could help you to start up, and you’ll also find development courses and potential access to financial support schemes. Find contact details to speak to your local enterprise agency.
Your local council is a good source of advisory, training and sometimes financial support for businesses. Find your local council in Northern Ireland.
Many more forms of financial and advisory support are available to retail businesses - find more schemes by searching our Business Finance and Support Finder.
Know your legal responsibilities
- Do you need a licence?
- Get the right business insurance
- Comply with the law when providing goods and services
- Know your customers' rights
- Distance and online selling rules
- Understand pricing legislation
- Buying goods from outside NI
- Selling goods outside NI
- GDPR compliance checklist
- Pay your business rates
- Understand staff contracts and your responsibilities
- Taking on contractors and subcontractors
- What you need to do about health and safety
- Know your legal obligations on pensions
Understand tax and VAT
Sell and market your products or services