One of the most regular questions that we are asked is "what grants are available for new business start-ups?" and the truthful answer is that there are not as many as you would think.
However, as a grant does not need to be paid back, it is well worth spending a little bit of time to find out whether there is anything that you can claim.
As you will discover, the business grants that do exist generally come with certain conditions. These will not be interest rates or repayment schedules but are far more likely to be related to what type of business you are starting, where you are going to be located and whether you are going to create any new jobs.
Before you begin searching for grants, clearly define your business's needs. Are you looking to launch a new product, expand operations, conduct research, or foster innovation? Different grants cater to various business aspects, so pinpoint your requirements to narrow down your search.
Starting or expanding a business often requires a substantial financial investment. While traditional methods of funding like loans and personal savings remain popular options, another avenue worth exploring is business grants.
Business grants, where available, are funds provided by various organisations, including government agencies, private foundations, and corporations, to support entrepreneurs and businesses but don't forget that heyare also designed to help them achieve their own objectives. A list of places to look can be found lower down the page.
Applying for business grants is a competitive process, and rejection is a possibility. However, don't be discouraged by setbacks. Use any feedback you receive to improve future applications. Persistence and refinement are key to eventually securing the funding your business needs.
If you need to raise some money for your new or existing business and would like to know what options are open to you (without any obligation), please complete and submit this simple form.
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