Securing grants for your small business or start-up is a constant challenge – but there is help available. Here, we have rounded up a comprehensive list of grants from all over the UK, broken down by region.
These funds are available to SME businesses either within a specified local authority, defined as having fewer than 250 employees or with a turnover of less than £45,000 and a balance sheet totalling less than £39,000.
You will see that many of the funding opportunities are often based on a specific location or sector, or ring-fenced for a certain part of a business, like job creation or making eco-friendly changes. But we explain each grant with the information needed to see if it can apply to your project.
The European Regional Development Fund (ERDF) in the event of a no-deal Brexit
Many of the grants mentioned below are financed by the European Regional Development Fund (ERDF).
In 2016 the Chancellor announced that the Government would guarantee certain EU projects that are agreed before we leave the European Union. It covers all ERDF projects. In July 2018 the Government extended the guarantee so that it covers all projects that would’ve been funded under the 2014-2020 programme.
The Prince’s Trust Enterprise Programme
Under the Youth Can Do It scheme, The Prince’s Trust is working with 18-30-year-olds to help them develop their businesses. The programme is divided into four sections: info session, workshop, build your business and launch. There is no ‘business grant’ as such available, but the Trust does award ‘Development Awards’ (grants of up to £500 for training) and also access to special rate business loans up to £5,0000 to start a business.
The Government website has lots of info about apprenticeships as well as how to register and use the apprenticeship service. You’ve got different sites for Scotland, Wales and Northern Ireland.
Innovate UK Smart Grants programme
Innovate UK Smart Grants help deliver ambitious R&D innovations with significant potential for impact on the UK economy.
The current round of funding will close on 24th July but the next will open 25th July.
Gigabit Broadband Voucher Scheme
Gigabit vouchers can be used by small businesses to go towards the cost of installing gigabit-capable broadband connections. Businesses can claim £2,500 against the cost of connection as an individual while residents can claim £500 as part of a group project.
Broadband for Rural Communities
Businesses and residents in ‘hardest to reach areas’ are entitled to further vouchers to cover cost of installing broadband. Vouchers are worth £3,500 for each SME and £1,500 for each residential premise. Group projects involve two or more SMEs combining their vouchers towards the shared cost of installation.
Seed Enterprise Investment Scheme (SEIS)
You’ll have heard of this scheme. It helps start-ups to raise money for their business. You get a maximum of £150,000 including state aid awarded in the three years running up to the date of investment.
Make sure you meet the conditions so investors can claim and keep SEIS tax reliefs relating to their shares. Said tax reliefs will be withheld or withdrawn if you don’t meet these conditions for three years after the investment. The money must be spent within three years of the share issue.
Enterprise Investment Scheme (EIS)
Like the Seed Enterprise Investment Scheme, except for established businesses.
This is a joint programme co-funded from national budgets of 36 Eurostars and by the EU through Horizon 2020 (more on that in a minute). The grant will help you turn your idea into a product and commercialise it. It works in a series of registration cut-offs throughout the year.
Groups applying for this award must include a university, college or other academic institution. It’s open to everyone and has an emphasis on excellent science, industrial leadership and tackling societal challenges.
Horizon 2020 grants are normally made available as part of a specific call out for a particular business sector and partners from other EU countries are required.
R&D Tax Credits
R&D Tax Credits are for innovative projects in science and technology. They can be claimed by firms who want to research or develop an advance in their field. You can even claim it on unsuccessful projects.
SME R&D relief is slightly different in that you can apply if you have fewer than 500 staff and a turnover of under €100m or balance sheet total under €86.
British Council Grants
British Council Grants fund research, travel and workshops. Have a look at their website for current opportunities.
Patent Box Relief
With the Patent Box, you can lower the rate of corporation tax (10pc) on profits earned from patented inventions and certain other innovations.
The Countryside Stewardship has 244 grants in total depending on what improvements you want to make to your business and the options can be filtered to your needs.
Woodland Creation Planning Grant (WCPG)
Receive a maximum of £30,000 per project for creating multi-purpose woodland.
Grow It Award
This is one for entrepreneurs who aim to solve a social issue.
You can apply for £15,000 to help you grow along with a support package of one-to-one coaching, training, mentoring and access to networks. At the moment, they’re focusing their funds on building access to employment, developing resilient communities and finding solutions for an ageing society.
Better Broadband Subsidy Scheme
From Broadband Delivery UK, you can get up to £350 if you’re a business in the UK that can’t access an affordable broadband service with a speed of at least 2MB per second.
Heritage Enterprise UK
This fund is for restoring neglected historic buildings and sites. Community organisations can get a grant between £250,000 and £5,000,000.
Architectural Heritage Fund
The Architectural Heritage Fund aims to transform high streets and town centres.
Grants vary in different parts of the country, so check what’s available before you apply. Grant totals vary as well, but can be up to £350,000.
Fit For Nuclear (F4N)
Fit For Nuclear helps manufacturing companies get ready to bid for work in the nuclear supply chain. It offers free advice and training – applicants needn’t even have experience with nuclear. F4N Connect is designed for businesses with ten or more employees or who have a turnover of at least £1.6m.
It’s not a formal qualification and takes 12-18 months to complete.
Innovative Medicines Initiative
This firm provides funding for health research and innovation, with opportunities in advanced therapies, voice in cancer clinical trials and more.
Business rates relief
As an SME you can get business rate relief if your property’s rateable value is less than £15,000 or your business only uses one property (though you may still be eligible if you use more). You’ll need to contact your local council to apply for business rates relief.
Collective Intelligence Grants
Administered by Nesta (formerly the National Endowment for Science, Technology and the Arts), this programme offers grants of up to £20,000 for projects that generate new knowledge on how to advance collective intelligence (combining human and machine intelligence) to solve social problems.
Projects should include “using new digital technologies and methods for collaboration, deliberation, observation, analysis, prediction or idea creation, memory or learning – functions that enable collective intelligence at scale.”
Backing Youth Ambition
Launched by The Prince’s Trust and Lloyds Development Capital (LDC), Backing Youth Ambition is there to nurture youth enterprise all across the UK.
Support is provided through fundraising, volunteering and mentoring.
Climate Action Fund
The National Lottery Community Fund has launched a £100m climate fund that lets people and communities take the lead in tackling climate change. Applications are expected to open in autumn 2019.
Business Grants England
Youth Investment Fund
The Youth Investment Fund works with young people who can receive grants to develop practical, meaningful and relevant measurement approaches for open access youth services. It’s led by NPC and the Centre for Youth Impact.
Adur and Worthing small business grants
Adur and Worthing councils offer a growth grant and an apprenticeship grant. The Growth Grant is open to micro businesses with up to ten employees to encourage growth and expansion of the local economy. There’s a grant of up to £2,500 available, with a 50pc match funding contribution required.
The Apprenticeship Grants are available to individual businesses of up to 50 employees and pays out £1,500 per apprentice. Each individual business can apply for up to two grants.
Business West Scale Up Coaching Grants
These grants are ideal if you’re based in west England and need of a business coach. They’re aimed at those who are looking to grow or plan to create new jobs within 12 months. Grants of £1,000 are available to businesses investing a minimum of £2,500 (excluding VAT) in business coaching or training.
Arun Valley Business Grants
The Local Enterprise & Apprenticeship Platform (LEAP) is offering £1,500 to private and voluntary organisations who are looking to hire an apprentice.
On top of that you can apply for a grant of up to £2,000, but be aware that grants are limited.
New Anglia Small Grants Scheme
The New Anglia LEP is awarding grants between £1,000 and £25,000 to entrepreneurs who want to grow their business. It can pay up to 20pc of the total costs of your plans – some areas in Norfolk and Suffolk may be able to give you a 30pc contribution.
New Anglia Growing Business Fund
Meanwhile, the New Anglia LEP has a Growing Business Fund giving up to £500,000 to local businesses who are keen to grow and create new jobs. It can cover up to 20pc of your total project costs.
Broadland District Enterprise grant
This one is open to small businesses trading in the Broadland district with fewer than ten employees who can apply for a grant of up to £750. The only condition is that you’re expanding and developing opportunities.
Broadland District Council will need to see business accounts and quotes for the work or equipment that the grant will be covering.
Chichester District Council grant programme
The funding provided by Chichester District Council is aimed at projects or services prioritising economy, improving places and spaces. It’s also interested in targeted projects where the primary benefit is to residents in the greatest need.
You can apply for a grant of less than £1,000 at any time under the fast track process. Those who want over £1,000 will have to apply for a quarterly grant. Check the website for cut-off dates.
Chorley Shop Front Improvement Grant
Chorley provides this grant for SME shop owners and leaseholders to so that they can invest in improving their store fronts. The money is for significant improvements rather than routine maintenance: think new windows, lettering and signage.
The grants can cover up to 75pc of the total eligible project up to a maximum cost of £10,000.
Chorley Business Investment for Growth Grant
Chorley Business Investment (BIG) awards 50pc grant funding of your growth plans (up to £10,000) if you’re an SME that has been trading for over six months.
Energy Efficiency Grants, Warwickshire
The purpose of these grants is to invest in equipment that cuts down on carbon emissions within your business. Warwickshire District Council will fund up to 40pc, providing grants between £1,000 and £50,000. The grant is for installing energy efficient equipment like LED controls and renewable technologies.
Low Carbon Innovation Grants, Warwickshire
Low Carbon Innovation Grants helps companies to develop a low carbon product or invest in low carbon technology. Again, the council will cover 40pc of improvements, providing funding between £1,000 and £50,000. It’s intended for energy efficient upgrades and putting eco-friendly waste management systems in place.
Low Carbon Revenue Grants, Warwickshire
These grants aim to commercialise low carbon products either new to the company or to the general market. Once again, it’s 40pc cover but with a maximum £6,000 funding. They cover things like market research, software and manufacturing consultancy as well as intellectual property protection and certifications.
East Sussex Invest 6 (ESI6)
This grant is funded by the East Sussex County Council and Regional Growth Fund. Grants range from £10,000 to £25,000 but you’ll need minimum match funding of 60pc.
There’s also a £1,500 grant for a newly accredited apprentice position. It’s a one-off payment with no match or evidence of spend necessary.
South East Creative, Cultural and Digital Support Programme
The programme helps more than companies and sole traders with business support or grants up until December 2020. Grants are normally between £1,000 and £3,000 but can be up to £20,000 if the business case is strong enough. The Sussex Council of Training Providers (SCTP) will cover up to 35pc of individual project costs.
Locate East Sussex
Locate East Sussex provides support and access to funding for local businesses to promote growth, including grants between £10,000 and £25,000.
Civic Improvement Fund, Elmbridge
Grants of up to 90pc are available from the Civic Improvement Fund. Like many others, grants will be awarded to small businesses taking up improvements such as training initiatives, marketing initiatives and improving shop fronts.
You’ll need quotes from traders, consent from your landlord and other supporting documents to apply.
Hartlepool Business Grants
Business new and existing in Hartlepool can apply for grants in the following areas:
- Expenditure on capital equipment
- Contribution towards business rates
- Creation of employment
- Security works
- Building and environmental areas
- Towards setting up and developing a business
- Introduction and development of IT
- Accessing new national and international markets
Built Environment Climate Change Innovations (BECCI)
BECCI comes from the University of Wolverhampton. It’s open to SMEs within the Black Country (Sandwell, Dudley, Walsall, Wolverhampton) and Marches (Telford and Wrekin, Herefordshire, Shropshire) LEP areas who are adopting low carbon measures. It will be continuing until December 2021.
Business Energy Efficiency Programme (BEEP), Worcestershire County
Worcestershire County are providing free energy and resource efficiency reviews as well as grants up to £20,000. They’re available to SMEs throughout Worcestershire, Herefordshire, Telford and Wrekin and Shropshire. You must have a minimum energy spend of £2,000 to apply.
Greater Lincolnshire Growth Fund
Greater Lincolnshire LEP can offer between £150,000 and £500,000 in capital grant funding with the provision of between 70pc and 80pc match funding from you. Projects must be able to start within 12 months of the funding award.
The priority sectors are agri-food, manufacturing, health and care, ports and logistics, visitor economy, low carbon and digital.
Successful applicants will need to pay a due diligence fee of up to £10,000 if they wish to proceed with the funding process.
Business Growth and Digital Growth Grants (GLLEP)
Business Lincolnshire is awarding grants to SMEs looking to increase turnover or create jobs. It can contribute between 40pc and 50pc of your overall costs, ranging from £1,000 to £10,000. Your firm must be based in the Greater Lincolnshire area and your grant activity proposal must be agreed with a Business Lincolnshire adviser.
Applications can be for a capital or revenue grant.
They’re available through:
Lincolnshire Growth Hub Business Growth Grant (Enterprise)
For purchasing equipment, software and specialist consultancy support.
Lincolnshire Growth Hub SME Digital Growth Grant (DGG)
For funding the implementation of internal ICT solutions like cloud data storage or ecommerce platforms as well as digital systems. It’s a fixed grant of £1,000 with an intervention rate of 50pc.
Mansfield market grant, Nottinghamshire
If you’re a new trader on Mansfield market who is offering an under-represented product you could have a spot for 12 months rent-free.
Coventry and Warwickshire Business Support Programme
The programme is part-funded by Warwickshire Council including grants and access to small business loans. It’s open to start-ups and established businesses with growth potential.
Grants for growing and developing your business, Pendle
Grants are available for start-ups and growing businesses with one geared at improving company premises.
The start-up grant can assist with up to 50pc of the eligible costs of your improvements, between £500 and £2,000. It’s for businesses that have been operating for less than six months.
The Growth fund can assist with up to 25pc of eligible costs between £2,000 and £10,000. You must have been trading for over six months with a view to creating new jobs.
Lastly, the Premises Improvement Grants provide assistance of up to 50pc of eligible costs, up to a maximum of £3,000 (or £1,500 maximum in West Craven). It applies to eligible buildings which are occupied by commercial users and are located within Pendle and town centre boundaries. It also covers redundant commercial properties within and immediately adjacent to the town centre planning boundaries.
Scarborough Business Development Grant Scheme
Business start-up grants are on offer for start-ups and business less than 18 years old with no more than ten employees. The grant can go towards the cost of necessary equipment and machinery, extension, adaptation of facilities and marketing. Up to £1,000 can be awarded on one project per year.
Expansion grants are open to established businesses in the area looking to grow as well as new businesses who are attracted to working in the Borough area. The fund is primarily targeted at revenue schemes rather than capital projects. Up to £5,000 can be provided for a project in one financial year.
You can’t apply for both grants.
Power to Change funding
Power to Change has two sets of grants for community businesses: one for starting out and one for growing companies.
Examples of community grants include saving a local space from closing or tackling local problems. Check the site for more specific funding opportunities.
Independent Retailer Grant
Provided by Test Valley Borough Council, the Independent Retailer Grant supplies £1,000 to encourage independently owned retailers to take up vacant space in Romsey and Andover.
It’s open to new or existing businesses moving into ground floor premises which have been vacant for at least one month in the primary and secondary shopping areas of Andover and Romsey. They must be class A1 or A3 buildings.
Business Start-Up Grant Scheme, Cheshire West and Chester
This is a grant of up to £250 to help SMEs buy equipment or fixed assets. There are quite a few conditions to contend with here. For example, you must be up to date with your council tax and business rates at the time of application and have been trading for no longer than three months at the time of application.
Funding must be matched by applicants and you’ll need to stump up evidence of proposed purchase or expenditure that’s required by submitting a form of a receipt, quote or invoice. On top of that, you need to provide evidence of trade, cash flow forecasts, proof of business banking, HMRC registration, lease agreements and insurances related to the business.
Small Business Grants Scheme, Crawley
This is a rolling programme which is reviewed every four weeks.
Small businesses with no fewer than 50 employees based in Crawley can apply for support grants up to £2,000. You’ve also got apprenticeship grants up to £1,500 for companies with fewer than 50 employees.
All of these must be match funded 50pc by you.
Elmbridge Start-Up Fund
A one-off grant of up to £1,000, this is intended to go towards start-up costs such as marketing, buying equipment or anything that helps an Elmbridge-based business to start up. It’s open to those looking to set up in Elmbridge or have done so in the previous six months. You need three quotes per project you’re seeking a grant for plus a business plan or proposal.
Growing Graduate Enterprise, Lincolnshire
This offering from University of Lincoln is a whole package including a grant of £2,500 along with mentoring and support. It’s targeted at graduates or those who have graduated in the past three years and are at pre-trading stage. You really have to work for it – you’ll get the grant in one instalment of £1,000 and one of £1,500 on the condition that you carry out tasks and complete applications forms.
Malvern Hills Business Start-Up Grant
The Start-Up Grant is provided by Malvern Hills District Council and Worcestershire Apprenticeships. It helps small businesses hire apprentices to fill skills gap by giving a grant of £1,000 which can be claimed for two apprentices a year.
You’ll get priority if you work in:
- Engineering and manufacturing
- Agriculture technologies and horticulture
- Advanced and higher apprenticeships for catering and hospitality
- Digital media
- Software and hardware production
Malvern Hills also has grant scheme offering up to £2,000 towards recruiting a graduate or undergraduate. The Internship Grant pays between £250 to £1,000 depending on the duration of the internship while the Recruitment Grant pays £1,000 for converting an internship into a full-time position.
The Business Start Up Grant Scheme aims to enhance the sustainability of local businesses. If you’re a new business, you can apply for a grant of up to £500 or up to £750 if you’re moving somewhere that is liable for business rates.
Reigate and Banstead Business Support Grant
Nab an ongoing grant of up to £1,000 from Reigate and Banstead Borough Council with a free year membership of Enterprise Nation thrown in. It’s open to businesses looking to start, develop or grow. You must be based in the borough and have fewer than four employees.
Alternatively, you can opt for Coast to Capital Growth Hub Funding. It’s a last resort investment to part-fund project to high-growth SMEs and social enterprises in the Coast to Capital LEP area. All sectors are welcome to apply, but the fund would particularly like to see applications from:
- Advanced engineering and manufacturing
- Environmental technologies, goods and services
- Creative, digital and IT
- Healthcare, medical technology and life sciences
- Professional and business services
- Food and drink manufacturer
2018/19 funding from Coast to Capital is closed but enquiries for 2019/20 programme are open.
NBV Grant for New Businesses, Nottinghamshire
The NBV grant is for businesses based in Nottinghamshire, Derbyshire, Leicestershire and Greater Lincolnshire. Grants between £1,000 and £2,500 are available and your project spend must be a minimum of £4,000.
Cumbria Business Startup Support Programme
For people starting a business or in their first three years of trading, this programme can include training, help developing your business plan and access to a £1,000 subsidy.
Productivity and Capability Enhancement, Leicester (open until October 2019)
You might be able to guess what this fund is for. Based at Loughborough University and provided by iNet, its priority sectors include:
- Advanced manufacturing and engineering
- Creative industries
- Food and drink manufacturing
- Logistics and distribution
- Low carbon technologies
- Textile manufacturing
It doesn’t go into detail about the grant on the website , but it comes alongside market access support and an information, diagnostic and brokerage review.
Business support grant schemes, Tewkesbury
Aimed at businesses operating from home, business start-up and growing businesses. There are individual grants pages on the site depending on if you’re a start-up, growth business or working from home.
The West Lindsey Feasibility Fund (formerly the Gainsborough Feasibility Fund)
The WLFF helps businesses with professional fees and technical survey work associated with development and growth. It will award grants of up to £5,000 but you’ll need to provide 50pc match funding.
Business Growth Grant, Worcester City
You can land a grant between £1,000 and £3,000 which must be match-funded pound for pound. So, your project will need to cost a minimum of £2,000. You must have been trading for more than one year.
Business grants, Wychavon (available until September 2019)
You must be at pre-start stage and once your business plan has been approved, you can apply for a grant of up to £500 (or up to £750 if you’re moving somewhere that’s liable for business rates). The grant must be match-funded.
You’ve also got the District Council Business Booster grant. It offers £750 to Evesham businesses that have been trading for more than one year who have a small project that will contribute to business development. It must be match-funded.
Enterprising Worcestershire business start up
Enterprising Worcestershire offers grant of £1,000-£2,500 at a match funding rate of 50pc to businesses under 36 months old.
South East Business Boost (SEBB), East Sussex, Kent, Essex
Open to businesses across the South East Local Enterprise Partnership, the grant ranges from a minimum of £1,000 to a maximum of £1,300. The programme can cover 30pc of the costs of qualifying projects with the remaining amount covered by you.
Manufacturing Growth Programme
The Manufacturing Growth Programme supports manufacturing in the UK. It’s part of a whole package – a manufacturing growth manager who will provide on-going support, identify opportunities and plans for growth plans and you’ll work with experts to implement those plans. The grant covers a percentage of the cost, plus connection to wider support. Eligibility for businesses in the West Midlands, Yorkshire and Humber and parts of the East Midlands and the South East.
Business Energy Efficiency (BEE Anglia)
Grants of up to £20,000 are up for grabs from BEE Anglia with a typical intervention rate of 30pc.
The scheme helps businesses in Anglia to cut their carbon emissions. Improvements can include lighting and heating upgrades, electric vehicles and new machinery.
StartEast, Norfolk and Suffolk (currently not open to new applicants but will return in future)
One for the creative SMEs and start-ups, StartEast offers business advice, workshops and masterclasses as well as grants between £1,000 and £10,000.
Boost Business Lancashire
There are tens of schemes available through Boost Business Lancashire. Get access to business mentoring, assistance developing new products or reaching out to international markets.
Northern Powerhouse Investment Fund
NPIF provides over £400 million in North of England through microfinance, debt and equity funds.
They’re broken down like so: Microfinance (£25k-£100K) Debt Finance (£100k-£750k) and Equity Finance (£50k-£2m)
Stoke-on-Trent and Staffordshire Grants for Growth
These grant funds can be used to expand your premises and buy plant, machinery and equipment. The city council supplies capital grants between £10,000 and £160,000 on a variable intervention rate between 10pc and 30pc.
To qualify for a £10,000 grant, your project costs must total at least £35,000.
Buckingham Business First Grants and Vouchers
Buckinghamshire have a plethora of options for grants for manufacturing, growth, innovation and other areas. Check Buckinghamshire Business First to see what’s available.
Cumbria Infrastructure Fund
Part of the Growing Places initiative, the Cumbria Infrastructure Fund supports infrastructure projects which unlock development, creating jobs and homes in Cumbria. Contact the Cumbria Local Enterprise Partnership for more info.
Again, this is a whole collection of grants. They help small businesses in York, North Yorkshire, East Riding and Leeds City Region develop new products by supplying funds for equipment. You can find more information by clicking your region on the PAPI website.
Computers for Rural People
If your business is based in a rural area, you could get a fully functioning computer from £130. It’s provided by Germinate: The Arthur Rank Centre and two partner charities. Be warned that the process is a little old fashioned – you order by phone and pay by phone or cheque.
Creative England grants and programmes
Creative England has a fair range of grants and programmes. Their new ideas fund offers investments between £500 and £15,000 for new and innovative business proposals – those looking for lower amounts are likely to receive grants while higher-value proposals are more likely to get loans.
Boost4Health supports SMEs looking to develop their growth potential. It offers a mix of coaching and vouchers to help health-related businesses reach international markets.
ICARES EU funding
Priority sectors for ICARES are nature, agriculture and water and infrastructure and it ends February 2020.
Low Carbon Workspaces
Low Carbon Workspaces is supplying between £1,000 and £5,000 for businesses to take on green initiatives like double glazing, LED lighting and smart heating. It’s open to SMEs in Hertfordshire, Buckinghamshire and the Black Country.
North East Business Support Fund
The North East Business Support Fund is tailored to small businesses in County Durham, Northumberland, Tees Valley and Tyne and Wear.
It’s made up of three different programmes:
- North East Business Fund – grant funding and masterclasses
- The Club – workshops around digital marketing, GDPR, finding customers and managing money
- Enterprise Support Northumberland – meetings with a business adviser and monthly group meetings
OBS Elevate Grant
The Elevate programme is made up of two grants: one for start-ups (trading less than 12 months) and the other for businesses that are growing (trading for over 12 months). Funding is given to activities and projects leading to business growth and job creation.
Each grant will make up 33pc of the total eligible project costs with the remainder match funded by you. The minimum grant for growing businesses is £1,000 and the maximum is £8,000 and the minimum for start-ups is £1,000 while the maximum is £3,000.
Let’s Grow programme, Yorkshire
The Let’s Grow programme has grants between £25,000 and £1 million, covering up to 20pc of your costs to ‘invest, expand and build jobs’. Businesses in York, North Yorkshire or the East Riding are eligible, as are those who are planning to invest in those areas.
Funding goes towards capital investment in land, buildings, plant, machinery and equipment or in research and development activity. You must be planning to spend at least £125,000 on your improvement plans.
With Invest Essex, you must be able to stump up 70pc of funding to get 30pc from the organisation. They can supply grants ranging from £1,000 and £10,000 for essentials like new equipment and new technology and processes. If your business experiences considerable growth off the back of the grant, you could stand to get 30pc of it back.
Lancashire Manufacturing Growth Fund
The Lancashire Manufacturing Growth Fund wants to support ‘relatively significant’ projects with a value of around £15,000, which would warrant a grant of around £5,400. It’ll fund 36pc of your project. Again, those projects that lead to job creation and increased productivity are most desirable.
Healthcare & Medical Technology Business Vouchers, Staffordshire
Provided by Keele University, these vouchers (worth up to £7,000) support healthcare and the medical technologies market which is made up of manufacturing, engineering, bioscience, design, digital, electronics, materials and other fields.
You can get successful technical and scientific advice; collaborative working on R&D projects; and design, testing and validation of products.
Key Fund for Social and Community Businesses, East Midlands
Key Fund is one for socially driven businesses with community at their heart. You’ll get support with your application plus flexible grant and loan packages.
Medilink Solstice, Leicester
Medilink Solstice is aimed at businesses in the life sciences sector who are based in the Leicester LEP area.
You’ve got three grants to choose from:
- Innovation Support Grants (up to £20,000)
- Med Tech Trials Grants (up to £50,000)
- Specialist Networking Grants (up to £3,000)
To be eligible for an AD:VENTURE grant, your business must be a pre-start, start-up or SME under three years old and looking to grow and create jobs. AD:VENTURE offers business and digital support too.
For Cornish SMEs looking to work on innovations to improve efficiency, profitability and resilience in the agricultural sector.
Agri-tech Cornwall provides funding to go towards larger RDI projects over £50,000 as well as innovation grants for projects from £2,500 up to £50,000 to go towards feasibility studies. It also supports research and recruitment of a graduate and a salary subsidy of £1,500 for six months or £2,250 for nine months.
Preferable research areas include:
- Animal health and welfare in dairy cattle
- Maximising soil, water and nutrient use efficiency for sustainable crop and livestock production
- Improving the productivity of speciality crop production
- Utilising technology to drive Agri-tech productivity and innovation
Business Energy Efficiency Programme, West Midlands
This programme covers SMEs in Worcestershire, Herefordshire, Telford and Wrekin who could get a grant ranging from £2,000 to £20,000. You’ll bag a free energy efficiency assessment too.
Business Growth Programme 2, Solihull
The current iteration of the Business Growth Programme, this round is open until Wednesday 24th July 2019. Round five opens Monday 29th July 2019.
This grant’s purpose is to strengthen supply chains, stimulate innovation and help businesses grow. Applicants can secure a grant between £2,500 and £1,000,000.
Collaborate for Growth, Leicestershire (ends September 2019)
Businesses in Leicester and Leicestershire get grant funding between £5,000 and £25,000 as well as free business advice, workshops and inward investment support. It’s funded by the Department for Business, Energy and Industrial Strategy.
Conservation grant scheme, Howardian Hills
This one is a Yorkshire-based grant for community infrastructure projects and countryside conservation work in the Howardian Hills Area of Natural Beauty (AONB).
Assistance normally sits in the 30-75pc range but with this scheme you may be funded 100pc of your project.
Energy for Business, Nottinghamshire
Energy for Business has grants up to £10,000. They’re aimed at businesses in Nottinghamshire or Derbyshire who improve energy, reduce emissions or are introducing sustainable technologies. The organisation will fund 50pc, up to £10,000.
You’ve got a few conditions to bear in mind. The minimum project cost must be £2,000 and the maximum £20,000 – you’ll be given the grant once the work is completed.
LCR Future Energy, Liverpool
LCR is offering grants of up to £7,500 for SMEs in the Liverpool City Region to enter or grow in the renewable energy supply chain.
Proof of concept funding, Worcestershire
Worcestershire ‘Proof of Concept’ is designed to support local businesses to develop innovative new products and processes. If you want to investigate, advance, protect and commercialise early stage business ideas which are new to your company or new to market, it’s a good one to apply for.
You can get a grant up to £30,000 representing 40pc of the total project costs.
The South-East Midlands Start-up
Start-ups may be eligible for a £500 or £1,000 grant as well as 12 hours of business support with South-East Midlands Start-up. This comes in the form of workshops and networking, one-to-one business advice and access to an incubation workspace.
The scheme covers businesses in Bedfordshire, Central Bedfordshire, Milton Keynes, Aylesbury Vale and Cherwell, Northampton, Corby, Daventry and Wellingborough.
Growth Deal funding, Black Country
The Growth Deal aims to drive business growth, give people new skills, test new innovations, invest in transport infrastructure and regenerate key sites for employment in the Black Country. It wants to maximise the economic impact of growth opportunities from the automotive, aerospace and construction sectors which prominent manufacturing areas in the Black Country. Funding is awarded on a case-by-case basis.
The only grant available is the Site Investigation Fund, aimed at private sector landowners seeking to de-risk and address uncertainty on their sites.
Big House Elevator Grant
SMEs in Nottinghamshire and Derbyshire can apply for Elevator grants to support business growth. They must be in creative or digital industries (CDI), though.
They’ll put 30pc towards the project spend, between £1,050 and £2,250. You must be able to stump up the cash for your side of the deal and you can’t use any additional loans or grants to pay for your project.
Invest and Grow, Lincolnshire (also known as the Growing Places Fund)
Businesses in Lincolnshire can bag between £500,000 and £2.5 million for developments that enable the delivery of new jobs and commercial space. It’s a rolling fund that can be applied to at any time.
Growing the Humber
Growing the Humber supports the expansion and modernisation of businesses in the Humber while encouraging inward investment in the area. You must be a ‘financially viable’ business that has been trading for at least 12 months and have a customer base outside the Humber.
The minimum grant is £5,000 and the maximum is £500,000. Your project must create at least one full-time employment position for every £15,000 grant awarded and be created within one year of the investment being made. You must commit to sustaining the additional employment for three years.
The Smart Concept Fund, Wolverhampton
Another Proof of Concept grant, this fund gives up to £30,000 at an intervention rate of up to 60pc to fund an approved development project. It’s expected to close late 2019. You must be based in the Black Country, The Marches or Stoke on Trent and Staffordshire.
It’s targeted towards businesses in the following areas:
- Transport technologies (including aerospace and automotive)
- Building technologies/construction
- Advanced manufacturing including advanced engineering
- Environmental technologies
- Applied materials
- Agritech/agriculture, food and drink
- Medical technology
- Energy generation
- Defence and securities
Isle of Wight Rural SME Fund (closes September 2019)
Provided by Solent Local Enterprise Partnership, the Isle of Wight Rural SME Fund supports SMEs with potential for economic growth, leveraging in private sector investment, creating or protecting jobs and helping the rural sector.
Grants are available for capital expenditure between £2,500 and £50,000 but 50pc of the costs must be matched by private funds. Grant applications must be completed by September 2019 and businesses creating the highest number of jobs will be prioritised.
Invest to Grow, Derbyshire
The University of Derby supplies loans between £15,000 and £250,000 to support private businesses across the East Midlands to innovate, grow and create jobs.
You must be able to create jobs that can be sustained for at least three years – businesses that create higher-skilled jobs are preferred. The following sectors are also preferred:
- Manufacturing (e.g. transport equipment and food and drink)
- Life sciences
- Creative industries
- Low carbon
Access to Internships programme, Exeter
The University of Exeter has its Access to Internships programme which helps businesses find students and graduates for paid roles. Students can be employed part-time during the term and full-time in the summer holidays.
All spaces have been allocated for the 2018/19 year but you can search again from late September 2019 onwards.
Apprentice funding, Maidstone
If your business is based in Maidstone and your apprentice is aged 16-24, you could be entitled to a £1,500 apprenticeship grant.
The amount you get will depend on the apprentice.
- If they’re aged 16-18, you can get all their course costs up to advanced level apprenticeship qualifications
- You can get half course costs if they’re aged 19-23
- You may only receive a contribution if they’re 24-years-old or older
Greater Manchester #SEEDIFFERENT SME Apprenticeship Support Grants
The Greater Manchester Combined Authority have launched these grants for SMEs in Manchester who have a wage bill of less than £3m.
Grants of £3,000 may be offered to businesses that don’t pay the Apprenticeship Levy, are based in Greater Manchester, and who haven’t employed an apprentice in at least two years.
Salford Skills for Business Apprenticeship Fund
With this new apprenticeship fund, you can get assistance to cover the cost of training for an apprentice role, apprenticeship training for your existing workforce and funding to support employment costs (up to £3,000 per organisation) for a new apprentice.
Harborough Business Grant for Apprenticeships
Grants of up to £750 are available to help businesses in the Harborough district take on new apprentices. Your business must have fewer than 150 employees and must not have taken on an apprentice for at least two years.
Rural Development Programme for England (RDPE)
The RDPE is as it sounds: a programme to develop agricultural and forestry sectors. Within the programme is a number of grants for farming ammonia reduction, countryside productivity and rural broadband.
Business Grants Wales
The main source of Government grants and finance in the principality is the Development Bank of Wales (Banc). A wholly-owned subsidiary of the Welsh government, the bank manages a range of public and private funds totalling over £1 billion. It is licensed to make grants, loans and equity investments from £1,000 up to a level of £5 million, and can also make co-investments with private sector finance providers (including banks, grant makers, crowdfunding platforms and other investors).
Regarding business grants specifically (non-repayable sums of money), the ‘Banc’ offers the following information:
Grants are usually only made for a specific purpose or project rather than for financing general business activities.
Any application needs to provide a clear objective – addressing a particular business issue or having a certain type of impact.
- Most grants are either location or sector-specific
- Money is available for both start-up grants as well as for established businesses
- An up-to-date and thorough business plan is required
You will need to have funds available to match the grant if necessary (loans can be made available to fulfil this requirement).
BG Effect Business Fund
The BG Effect Business Fund is a series of tools from BGCBC business development officers. It includes business start-up drop-in sessions, practical help and support from a volunteer team, links to programmes and Government support organisations and a local network of contacts, knowledge and resources.
Caerphilly Business development grant
This business development grant is to help companies to start up or expand. The business must be in manufacturing or service and based in the Caerphilly Borough area. You must have a business plan with a minimum one year cash flow forecast and projected profit and loss. For an established business it’s the last two years’ worth of accounts plus management accounts if they are over six months old. Caerphilly Borough Council can give out up to 45pc of eligible expenditure up to £2,000.
It’s a rolling application process with successful applicants chosen throughout the year.
Caerphilly Commercial improvement grants
Caerphilly Borough Council also awards grants for properties that are deteriorating to encourage high-quality environmental improvements. That could include new doors, shop fronts, lighting and other features. Please note that these are for one-off improvements, not routine maintenance work.
Applications must have planning permission and building regulation approval – 50pc of the project spend will be covered, up to the value of £15,000.
ReAct for Businesses
ReAct is a redundancy support which helps businesses connect with people who have lost their jobs. The programme can help you pay their wages and get them into role-specific training.
You’ll receive £3,000 in quarterly instalments for the first 12 months to help cover their wages plus up to £1,000 for any job-related training. The scheme will cover those who are either a formal notice of redundancy or those who have been made redundant in the past three months.
Community toilet grant scheme, Gwynedd County
You could nab a payment of £500 for signing up to Gwynedd County’s new Community Toilet Grant Scheme. It aims to expand the choice of toilets that can be used by the general public and you’ll get the cash if you allow your toilet to be used.
Please note that there is a waiting list for the scheme at the moment.
ISO Grant Scheme, Gwynedd County
Gwynedd County Council is keen to help SMEs to get ISO accreditation for their business. The funding goes towards the cost of working with a consultant to get necessary certification. Unfortunately, the cost of the certification isn’t included.
Vacant commercial floor space grant, Newport
The first year in business can be tricky and Newport want to help with your first year’s rent in a commercial space or premises. It’s open to individuals, independent retailers and franchisees.
The grant will cover 50pc of your costs up to the value of £6,000. Have a business plan ready with a one-year cash flow forecast with profit and loss projections included. The grant will be paid directly to your landlord.
Start-up Business Grants, Newport City
Grants of up to £1,500 are being made available from Newport City Council and UK Steel Enterprise to pre-start-ups and businesses up to 12 months old.
The grant can be used in a number of areas:
- A first year’s rent on first commercial premises
- Plant and equipment
- ICT equipment
- Software, websites and related training
Newport City Council will put forward up to 40pc of ‘eligible and reasonable costs’.
The minimum grant is £250 for a total spend of £625 and the maximum grant is £1,500 for a minimum total spend of £3,750.
Carmarthenshire Rural Enterprise Fund
Rural businesses will get support from this fund. It will help develop new and existing premises for them with a view to creating new jobs. The grant will either be based on £20,000 per job created or up to the following intervention rates: small businesses 45pc and medium businesses 35pc. The maximum grant is £128,000 unless it’s an exceptional case where funding may be increased.
Accelerated Growth Programme
The programme offers support to high growth pre-revenue firms and SMEs. You must be able to grow turnover by at least 20pc a year, generate at least ten new jobs in three years. Start-ups are also accepted but they must have been trading for 12 months and must be looking to achieve the levels of growth mentioned above.
Green Port Hull
This one’s open to businesses in the green tech, low carbon and renewable energy sectors, with grants starting from £10,000 available. Your aim should be to increase productivity, skills and employment.
You can use the money in the following areas:
- Launch a new business
- Modernise, expand or re-organise an existing business
- Upgrade a business by introducing innovative new technology or processes
- Take a new product from development to production
Blaenau Gwent Kick Start Plus
A joint initiative funded by UK Steel Enterprise and administered by Blaenau Gwent County Borough Council. The grant is aimed at supporting new businesses trading from six months up to three years old, to develop and expand. The maximum grant award for business is £1,000 and applicants must be able to fund 50pc of the total funding required.
Bridgend Kick-Start Grant
Another joint initiative with by UK Steel Enterprise, this is a flexible grant scheme administered by Bridgend County Borough Council providing financial assistance to new or existing micro-businesses (fewer than ten employees and a turnover or balance sheet total of less than €2m) that are located, or are planning to locate, in the Bridgend County Borough.
Wales Tourism Investment Fund (WTIF) and the Micro Small Business Fund (MSBF)
The WTIF is part of the Development Bank of Wales investment fund. Its key objective is to finance capital investment projects in the tourism sector in Wales – used either to upgrade existing or create new assets.
The MSBF fund is supported through the Welsh Government Rural Communities Rural Development Programme 2014-2020 and the European Agricultural Fund for Rural Development (EAFRD). It is targeted at micro to small size tourism businesses with fewer than 50 FTE employees seeking to either upgrade existing facilities or create new ones. Support levels range from between £25,000 and £500,000 per project.
The Non-Household Municipal Waste Business Grant
Businesses of any size are eligible to apply for the Non-Household Municipal Waste Business Grant. It’s part of a £18m Resource Action Fund set up by the Waste Resources Action Programme (WRAP) to support resource efficiency projects and to reduce and divert waste.
The aim of this programme is to improve recycling in England through capital infrastructure. A budget of £1m is available to fund grants between £25,000 to £170,000. The deadline for stage one outline applications is 4th September 2019.
The Local Digital Fund
This funding opportunity has opened for a second round. Grants of up to £350,000 will up for grabs to fund projects which demonstrate they benefit local services and could be rolled out across other parts of the country.
Round two applications are only open to those who secured funding in round one back in 2018. The deadline for submission is 6th August 2019. However, round three is available to all and opens on 19th August 2019 with a deadline of 16th September.
In Scotland there are a few larger organisations who offer a number of different funding opportunities.
Better Business Finance: A portal that provides impartial information and support to businesses and entrepreneurs looking to develop and grow. Use this search to find out exactly what grant funding is available to your business with a complete list of known grants in Scotland.
Scottish Enterprise: A non-departmental public body which encourages economic development, enterprise and innovation in Scotland. For all grants and funding information please click here.
Business Gateway: Offers advice and guidance to start-up companies and established companies across Scotland. See below for specifics on grants and funding.
Scottish government: Search for business funding and advice.
Business Grants Scotland
Regional Selective Assistance (RSA) Grants
Who can apply?
Limited companies, sole traders or partnerships
- Activity to take place within an assisted area in Scotland
- Should directly create or safeguard jobs within your business
- Should not be offset by job losses elsewhere
- Should involve an element of capital investment
- Be mainly funded from the private sector, including the company’s own cash resources
- Be financially viable, make commercial sense and contribute to Scotland’s economy.
Research and Development (R&D) Grant
Who can apply?
Any businesses based in Scotland or planning to establish a business in Scotland
- Dependent on the nature of the R&D
- The creation or safeguarding of R&D jobs
- Links into other local companies, perhaps for materials or specialist knowledge
- Global market opportunity
The wider impact for society, including factors such as environmental impact, sustainability and health and safety. SE will not support projects which will have a known adverse effect on the environment and/or society.
Who can apply?
Small and medium-sized businesses, university spin-outs or individuals that are based, or planning to be based in Scotland
SMART:Scotland grants can help support projects that aim to develop a pre-production prototype of a new product or process
- Support is available at up to 35 per cent of the eligible project costs
- Projects must last between 6 and 36 months, and the maximum grant is £600,000
- The grant is paid quarterly in arrears and minimum total project cost is £75,000
By Design Grant
Who can apply?
Your company must be based in Scotland, be VAT-registered, be developing or adapting a product or service, be able to finance at least 30 per cent of the cost, pay the project costs in full up front and demonstrate the benefits of the project. You must not have commissioned any work or have spent any money of the project activities that the grant would fund
What can it be used for?:
- The grant is focused on companies that need help with branding, design and packaging. Specifically:- Sampling or minimal viable product design
- Service design or manufacture-ready design
- Formulation trials and focus groups
- Recipe development
- Packaging, prototyping or tooling
- General branding can be covered by the grant but if so it must be part of a bigger innovation project with other design costs in the application.
The grant goes up to a £5,000 maximum in total value.
Make it to Market Grant
Who can apply?
It’s for companies based in Scotland, who are VAT-registered, who are developing or adapting a product or service and are able to finance at least 30 per cent of the cost, pay the project costs in full up front and demonstrate the benefits of the project. Companies must NOT have: commissioned any work or spent any money on project activities that the grant would fund.
What can it be used for?:
- New projects when product is beyond research and close to market
- Adapting an existing product to meet overseas regulations for a new international market
- External expert advice on technical feasibility or product modification
- Product-based market research, including development of samples
- Intellectual property (IP), licensing and brand protection (excluding registration fees) – provided IP-related costs have an international focus, and make up no more than 50% of the total eligible project costs
- Professional guidance on overseas contracts with suppliers, intermediaries or manufacturers
- Translation costs relating to product adaptation and launch
- Overseas travel costs, provided they do not make up more than 20 per cent of the total eligible project costs.
Workplace Innovation Grant
Who can apply?
Scottish-based businesses who want to introduce innovative practices in their workplace
The fund can contribute up to £5,000 towards activities that will allow a business to introduce new and innovative workplace practices. To get the grant, the project must fulfil at least two of the following three criteria:- People: To support motivating staff beyond pay. For example, recognising the benefits of diversity, reward and supporting learning and development
– Place: To support improving or maintaining a positive workplace culture, creatively use physical space to improve how employees work together, offer training associated with integrating technology which enables employees to share knowledge
– Practice: To support work practices to become fair, responsible and improve productivity. For example, flexible working practices, creating self managed teams and a culture of leadership and coaching.
VisitScotland Growth Fund Grants
Who can apply?
Scottish-based businesses who wish to do a collaborative tourism marketing campaign. VisitScotland wants to ‘work with businesses to help them build digital capability, market and measure outputs and success more effectively. We encourage applications for integrated marketing campaigns that will show visitors, through creation and promotion of inspiring digital content, that ‘Scotland is Now’.’
Successful applications must demonstrate:-
- A strong digital focus and creation of digital content
- Strong strategic alignment
- An innovative approach
- Effective partnerships and collaboration
- Achievable and measurable growth targets
- A sustainable approach
- Project viability and deliverability
EventScotland funding programmes
Who can apply?
Scottish businesses developing events that will generate significant TV and media coverage and/or create significant economic impact for Scotland. Any events programme that plays an integral role in developing domestic tourism across Scotland. However, there is ‘no specific remit for supporting productions, conferences or exhibitions’
Funding is not provided for core costs but rather for ‘additionality’ or supporting new activity specifically designed to grow events
It can also be offered for marketing and PR costs, in order to grow the brand and reach new target audiences as well as enhancing media coverage
Funding may also be offered to improve the visitor experience of the event.
Useful link: – Looking for funding? Find the right finance for your business here
NESTRANS Sustainable Travel Grant Scheme
NESTRANS supports development of travel plans in Aberdeen City and Shire. Applicants can bid for up to £10,000 in matched funding to support sustainable transport initiatives.
Scottish EDGE is ‘a competition aimed at identifying and supporting Scotland’s up-and-coming, innovative, high-growth potential entrepreneurial talent’. Winners can receive up to £150,000 in funding plus a business support package to help them make the most of any grant money.
The main categories within which awards are made are: Science and Tech, Creative, Social Enterprise, and Circular Economy businesses.
Forestry Grant Scheme
This scheme is focused on providing financial support for businesses involved in the creation of either new woodland spaces or the sustainable management of existing woodlands. It is managed by the Scottish Rural Payments and Services agency and Scottish Forestry.
Innovate Your Business
This grant scheme is administered by the Highlands and Islands Enterprise agency, which is based in Inverness. As well as providing free business support services, the agency can offer grants of up to £15,000 for projects ‘that aim to turn new ideas into commercial opportunities’.
Culture & Business Fund Scotland
The CBFS is managed by Arts & Business Scotland, an independent charity. The fund offers pound for pound match funding for eligible projects of between £1,000 and £40,000 (excluding VAT) and is available across two tiers:
- Smaller funds of between £1,000 and £3,000
- Larger funds of over £3,000 and up to £40,000
Its aims are to encourage businesses to sponsor arts and heritage activity within Scotland while building new business sector partnerships over a minimum two and three year commitment.
Fife Financial Support to Businesses
The Fife’s financial support covers businesses in the area looking to invest and grow. The fund amount is up to 70pc or £10,000, whichever is the smaller cost. It’s fully repayable and must be paid back over an agreed period except for some small funds which are a mixture of repayable and straight grant funded support.
Funding is intended to be used for measures like product development and property improvements as well as training and market development.
Fife Investment Fund
The main aim of the Fife Investment Fund is to give financial assistance to help local businesses to develop and grow. It’s open to businesses in the manufacturing, tourism and B2B sectors who can get up to £5,000 to help a development project that otherwise wouldn’t be able to go ahead.
You should be able to demonstrate the economic benefit to Fife, increased turnover or job creation.
Orkney Islands New Business Start Up Grant
Orkney Islands Council fund the New Business Start Up Grant and can give you £500-£1,500. The main condition is that applicants must be developing a new start-up business and build a full-time sustainable enterprise.
The council is looking to target tourism, food and drink, renewable energy, lifeline local service providers and community-based social enterprise companies. Franchise businesses are also eligible.
West Dumbarton Business Start Up Grant
This grant is for people in West Dunbartonshire to get up to £500 support with their business start-up costs. You must put forward a business plan and provide proof of trading such as evidence of a business bank account and identification like a passport or birth certificate.
Northern Ireland Business Grants
Proof of Concept Grant Fund
This Proof of Concept Grant Fund from Techstart is a pre-commercial grant awarding fund. It supports entrepreneurs in Northern Ireland with grants to explore the viability and commercial potential of an innovative concept.
Techstart gives out concept grants of either up to £10,000 or a concept plus grant of up to £25,000. Concept Grants are awarded on a quarterly basis while Concept Plus Grants are awarded every four months.
Skills Advancement Grant
Applicants can get up to £10,000 to go towards staff training for firms involved in manufacturing or internationally tradeable services. Just be aware that it’s only open to Invest Northern Ireland customers.
If you’re able to show that you intend to sell outside Northern Ireland are actively working towards growth plans and will contribute to increasing productivity and innovation in Northern Ireland, you could become a customer of Invest NI.
You’ll also need to have an actual turnover greater than or equal to £250,000 and external sales greater than or equal to 25pc or £250,000.
DAERA forestry grants
The Department of Agriculture, Environment and Rural Affairs is a government department in the Northern Ireland Executive. Its Forestry Grant Scheme for 2014-2020 as four main objectives for businesses involved in: expanding forests, protecting existing forests, woodland management and the ‘Agri environment’.
Brexit Readiness Vouchers
Brexit Readiness Vouchers give you financial support up to £2,000 towards professional advice relating to Brexit matters like movement of labour, goods, services and currency management.
Your company must be a registered small business in order to be eligible.
Rural Business Investment Scheme, Derry City and Strabane District Council
The fund supplies capital grants for non-agricultural micro, small and social enterprises in rural parts of Derry City and Strabane Council.
Potential applicants must go to a mandatory pre-funding workshop and be ‘investment ready’ – that means having a business plan, planning permission, match funding and quotations or tenders in place for capital grants before you apply.
The support includes 50pc funding and grants between £500 and £90,000 depending on the size or activity of the business and marketing grants from £500-£5,000 (up to £10,000 for e-commerce).
Business Finance in Northern Ireland
In addition to the grants mentioned above, we should also mention that there are a number of government managed SME funding available operated under the aegis of Invest NI, Northern Ireland’s inward investment agency. The agency oversees £186 million worth of debt and equity funding split between debt and equity funds, beginning with seed stage through to Series A and, ultimately, equity funding. The main funds are:
Small Business Loan Fund
The SBLF is an £8 million loan fund for NI-based individuals, private companies and social enterprises in the SME and micro enterprise size range and in the start-up or growth phases of development.
Growth Loan Fund II (ERDF)
A £30 million loan fund designed to support export-focused Northern Ireland SMEs demonstrating growth or strong growth potential.
Growth Finance Fund
A £30 million loan fund designed to support export-focused NI SMEs demonstrating growth or strong growth potential.
The Co-Fund NI is a £50 million equity fund for early-stage start-ups that will co-invest alongside business angels or private investors.
Clarendon Fund Managers (CFM) manages the £17.7 million Co-Fund II on behalf of Invest NI.
In total, CFM manages £42.5m of regional venture capital funds in Northern Ireland. It has invested in over 60 companies since it began investing in 2001.
Development Funds I & II
For companies who require larger sums of cash, there are the £48m Development Funds I & II. These are managed jointly by VC firms Crescent Capital and Kernel Capital.
Development Funds are usually for established companies and they typically won’t invest in early-stage ventures. If you have previously raised £150-£300,000, then the Development Funds can provide follow-on funding.
For more detail on these funds, head over to our guide to small business funding Northern Ireland.