Small Business Grants
Contents
Overview
Available Small Business Grants
How to apply for a Grant
Overview
Small businesses can apply for grants, but it is important to note that grant availability and eligibility criteria can vary and change over time.
It is recommended to check with the relevant government agencies or local authorities for the most up-to-date information on grants that may be available for your business.
Available Small Business Grants
Available Small Business Grants
It is important to note that the application process for small business grants in the UK can be competitive and the availability of funding can change over time.
Some of the most common types of grants include:
Start-up grants: These grants are specifically for businesses that are just starting out and need funding to help get their operations off the ground.
Other grants: GovUK has an online, customisable search tool to look up grant opportunities. Grant programmes often have closing dates so it's best to check the criteria and make a note of any deadlines.
Prince’s Trust development programme: The Prince’s Trust works with 18 to 30-year-olds living in the UK. It provides development awards of between £175-250 to help younger people kickstart their business or get training.
The Plug-In Van Grant: Your business could save money by taking advantage of the government’s electric van grant. You can receive funding to cover up to 20% of the cost of a low-emission van or truck, up to a maximum of £8,000. If you need a car for your business, the grant fund covers 35% of the cost, up to a value of £3,000.
How to apply for a Grant
How to apply for a Grant
Here are the general steps to apply for small business grants in the UK:
Research grant opportunities: Research the various grant opportunities available, including the criteria for eligibility, the amount of funding offered, and the application process.
Determine your eligibility: Check to see if your business meets the eligibility criteria for the grants you are interested in. This may include factors such as the type of business, location, sector, and size.
Prepare your application: Gather all the required information and documentation, such as business plans, financial statements, and detailed project proposals. Be sure to follow the guidelines and format requirements for the grant application.
Submit your application: Submit your application and all supporting documentation by the deadline indicated in the grant guidelines.
Wait for a decision: After submitting your application, wait for a decision on your grant request. This may take several weeks or months, depending on the grant program.
Follow up: If you have not received a decision after a reasonable amount of time, follow up with the grant agency to inquire about the status of your application.
To increase your chances of success, it is recommended to submit a well-prepared application that clearly demonstrates the potential of your business and the impact of the grant on your business's growth and success.