- Self-funding causes external financiers to trust your business idea because of your confidence in your start-up and the risks you are willing to take for it – which in turn leads to external financing.
- Self-funding is essential as a buffer in order to deal with potential setbacks.
- Should be between 20% and 40% of your project in the form of cash or in-kind contributions, depending on your sector.
- Government tax support is available in the form of Notional Interest Deduction.
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Using your own funds: Flanders supports your self-financing efforts
One of the quickest and easiest ways to start up is to use your own funds, if you have them.