Starting your own business is hard enough as it is, so finding schemes and grants to apply to seems like an impossible task.
Here at Accounts Navigator Associates, we’ve made it simple. We have researched several different schemes across the UK and summarised them down below:
1.) Enterprise Europe Network
Free tailored support and advice, such as finding the right partners for research, development and innovation, finding new markets for products, accessing funding/finance and assessing/planning your internal resources.
2.) Enterprise Programme for Young People
If you are aged 18–30, have a business idea and are unemployed or working less than 16 hours a week, you are eligible for the programme, which involves training and mentoring, support to help you write a business plan and support to apply for a low-interest plan. The scheme also includes funding between £1000 and £5000.
You cannot apply if you are on your gap year, if you have graduated for an undergraduate degree less than 6 months ago or you have a postgraduate degree or professional qualification.
3.) Fredricks Foundation loans Businesses in Bedfordshire, Berkshire, Buckinghamshire, Cambridgeshire, Cornwall, Devon, Dorset, Essex, Gloucester, Hampshire, Hertfordshire, Kent, Lincolnshire, London, Norfolk, Northamptonshire, Oxfordshire, Suffolk, Somerset, Surrey, Sussex and Wiltshire are eligible for loans of up to £35,000.
The loan products available include Poor Credit Loans up to £16,000, Start-up and Growth Revolving Loans up to £15,000 and Growth Company Revolving Loans up to £35,000.
4.) Greater London Investment Fund (London)
This fund is aimed at growing small-to-medium sized enterprises with a feasible business proposal who are unable to obtain part/all their funding from the private sector due to a lack of track record. Must be registered as a Limited company.
£100,000 to £1,000,000 funds for sales and marketing activity, hiring new staff, new product development and entering new markets.
5.) Heritage Enterprise (UK)
£250,000 to £5,000,000 for community organisations across the UK to help restore neglected historic building and sites and put them to productive use.
6.) Innovate UK
Offers of grants between £25,000 and £10,000,000 and offers of innovation loans between £100,000 and £1,000,000 available for all sizes of business, from new companies to large multi-nationals.
Opportunities may be themed to fit with challenge areas, including artificial intelligence and data, ageing society, clean growth, future of mobility or any type of innovation/technology project.
Innovation loans are for UK-based small-to-medium enterprises only to carry out late-stage research and development projects.
7.) Repair Grants for Heritage at Risk (England)
Grants for the urgent repair and conservation of historic and listed buildings, scheduled monuments and designed landscapes, registered parks and gardens.
Grants for project development work that enable repairs and improve future management are also available.
8.) UEZ Fund Programme
Specialist support/funding for small-to-medium enterprises in food/drink manufacturing or packaging sectors.
This support includes up to 5-days of technical services/consultancy to support research and trialling of innovative products, access to specialist facilities and equipment, training sessions, business review with advice and mentoring and up to £20,000 of grant funding towards purchasing capital assets.