GrantsSome businesses, depending upon location, sector and age, may be eligible for a business grant. Grants come in many different forms, from match funding schemes, to start up grants, innovation grants and training awards.
In most cases, businesses are not required to re-pay the grant but usually must complete an application form and completion report detailing how the funding was spent and what effect it had on the organisation.
Eligibility is based upon several criteria and we can advise you of any schemes which may be relevant to your business.
Business grants may be offered by your local council to encourage regeneration of a particular location or schemes which help to stimulate new businesses in areas of high unemployment. There are also schemes based on encouraging the start up or development of businesses within a particular sector.
Wider government schemes could include financial help with buying assets, training staff or recruiting an apprentice.
Typical schemes may include
Many of the schemes are not advertised so get in touch for advice on whether your business may be eligible. Some Local Enterprise Partnerships also provide low cost loans for specific businesses aimed at targeting a sector or area they wish to develop. Although these loans are re-payable, they offer more attractive interest rates than found elsewhere.
For further information on any aspect of business grants, please contact us for a no-obligation chat.
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