APPLY FOR A UK BUSINESS GRANT
There are several thousand different grant schemes available to small and startup businesses in the UK looking to get off the ground. When you start a business, surviving that first year is important. As expenditures to get off the ground run high, some businesses are left in danger of folding before they’ve even got started. That is why the government and other entities offer free business funding opportunities and support schemes in the form of business start-up grants. The expert business grant consultants at CapEx will guide you through the application process, if you’re eligible, to ensure you get the funding you need to get your business going.
WHAT ARE BUSINESS GRANTS?
A business grant is a sum of money given to a business to help further the company. Governments, foundations, corporations or trusts offer grants for new businesses and small companies, which also helps the economy. Ranging from cash grants to tax reliefs, a government small business funding grant is one of the following:
EQUITY FINANCE
Early businesses and start-ups get reductions on income tax and investments if under two years old and fewer than 25 employees.
DIRECT GRANTS
This is money given to support start-up essentials such as equipment and staff training.
SOFT LOAN
These are usually government-backed loans that offer generous repayment terms that are more generous than high street banks and building societies.
WHAT UK BUSINESS GRANTS ARE AVAILABLE?
Alongside Stamp Duty Land Tax refunds and R&D tax credits, many businesses are unaware of the pots of money available to them. With government business grants helping small to medium-sized companies through the key stages of startup and growth, the following are just some of the grants that might be available to you:
Regional Growth Fund
If you’re a UK business seeking funding of under £1 million, you can get support through the Regional Growth Fund (RGF). These schemes are run by organisations that have been awarded funding to offer grants/loans to eligible businesses. To have a grant awarded, your business must be based in England, have a growth plan, create or protect jobs, and invest in private capital.
Government Business Grants
Small business grants are available from the UK government, Northern Ireland Assembly, Scottish Parliament and the Welsh Assembly. Each scheme offer has its own application process and criteria for applying.
Startup Loans
This government-funded business start-up loan not only provides cash but also mentoring and support for businesses/startups that have been trading for less than a year. The average loan size in this government grant is £6,000. The final figure is decided based on your business plan.
APPLY FOR A BUSINESS GRANT TODAY
Applying for small business or start-up grants can be quite tricky, especially with all the criteria you need to match to be entitled to funding.
CONTACT US
SEE IF YOUR COMPANY IS ELIGIBLE
We understand the agenda required to access small business grants and how to get you the money to grow your business. Often this runs into six figure sums and many business owners embark on projects using funding or company cash when there is a pot of money available to them through Grant Funding.
Get in touch with CapEx today to see if you’re eligible for a business grant and we’ll help you through the process.
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OUR TESTIMONIALS
“Fourth year of claiming and every year it gets 'more painless' and smooth with less disruption to the business.”
“Very simple, a no-nonsense process which resulted in a very welcome injection of cash!”
“Very happy with the service. It’s so important to have the heavy lifting done by Cap Ex Associates Tax Ltd so we could concentrate on running the business”
Any Questions? Contact Us
With over 25 years of experience, we have helped clients big and small to claim government money through funding, reclaims, and relief.
