Grants & Funding
What is a business grant?
A business grant is a sum of money awarded to a business to help it grow and develop – the money could be invested in training, equipment or reaching new markets, for example. Business grants are usually awarded by the government or other companies and, unlike a business loan, business grants do not need to be repaid.
What grants are available for start-ups and small businesses in the UK?
There are hundreds of business grants available in the UK, with many aimed at specific industries, community groups or types of business. If you’re a start-up or small business, you’ll be able to choose from the following:
Innovation grants: these are provided by a variety of funding bodied such as Innovate UK to support innovative ideas and business growth, including those from the UK’s world-class research base.
The National Lottery Heritage Fund: provides grants to sustain and transform the UK’s heritage. This can include investment in museums, parks, historic places and cultural traditions.
R&D tax credits: these are cash payments from the government to encourage companies to carry out research and development projects that relate to science or technology.
Local Enterprise Partnerships (LEPs): there are 38 LEPs across England. These are voluntary partnerships between local authorities and businesses that provide business funding, support and guidance in their local areas.
New Enterprise Allowance: provides funding and support to those looking to start or develop a business. You need to be aged 18 or over and either you or your partner must receive Universal Credit, Job Seeker’s Allowance or Employment and Support Allowance, or you must get Income Support and be a lone parent, sick or disabled.
The Prince’s Trust: supports young people aged 18 to 30 who want to start and run their own business. As well as providing funding and resources, the Trust also provides training and mentoring.
Our dedicated team works alongside many of the above organisations and in conjunction with Funding Options to source available grant support for eligible businesses. We also have the expertise to help you pull together a professional, comprehensive and costed business plan to maximise your chances of success.
Find the Right Funding for your Business
Professional support to secure your future
It is best to use the services of a professional when preparing and presenting a proposal. We can help you prepare a solid, detailed business plan that will attract financial support, and perhaps identify potential financiers who will meet your needs.
A well-prepared proposal presented to a carefully chosen lending source will have a greater chance of success.
PARTNERED WITH FUNDING OPTIONS
Funding Options created a platform where businesses can find, compare and select the right lender in less than 3 minutes. With economic and transformational digital changes, many businesses are finding it increasingly difficult to secure finance through traditional borrowing methods.
Our partnership with Funding Options is helping to plug this finance gap.
Not only will you find lenders who specialise in your industry, but you’ll also find lenders most likely to give you an offer. Working with 100+ of the UK’s SME lenders covering all aspects of commercial funding, asset finance, stock funding, loans and everything in between.
Navigating the Market: We have access to the wider funding market, helping us source the best lenders and getting the best deals for you.
Trusted Funding Providers: Funding Options provides existing relationships with lenders – with all the legal and admin work done. We carry out the heavy lifting for you, making it easier to obtain funding.
Our Experience: We have a wealth of knowledge around when, and why, lenders say yes to a funding request, and we understand what needs to be done to source the ideal funding.
Specific Funding: Funding can be offered when there is an immediate finance issue that needs an urgent solution, such as a sudden cashflow hole – Especially under the Covid-19 crisis.
General Growth Funding: We also offer funding when clients are looking to expand their operations, hire more people or fund their ongoing growth plans
Whether you’re looking to grow your business, invest in new plant and equipment, raising finance, or just interested in finding out a little more about us, our friendly team are ready to work with you. Click here and we will be happy to arrange a free, no-obligation meeting.