Government Business Grants
What types of Government Business grants are there?
There are a range of business government grants available in the UK. Each grant has its own criteria and this can vary greatly from area to area or business sector.
Where can i find government business grants?
123 Grants is a good place to start. We’ve been supporting startups & small businesses for years and have collated all government business grant sources & resources.
The government grant landscape is complex and not joined up. So before you jump in with your grant application, make sure you know what other grants are available as there is a limit to the number of grants and sums available per business within a set timeframe. We can advise you.
Recently, we helped a regional brewery apply and successfully receive a £100,000 grant. Before our intervention [when left on their own] they had assumed that they were only eligible for a £10,000 grant. Missing out on the other £90,000!
We can help guide you when we know your circumstances and plans. Our service is objective & confidential.
who can apply for government business grants?
Government business grants are available for UK based small, medium enterprise businesses [SME 1-250 employees 1-500 employees for R&D Tax Credits & Capital Allowance claims]. Jump to our Grant Checker page here.
Larger businesses may also be eligible for a government grant too. Jump to our Grant Checker page here.
What can i spend the Government grant money on?
Grant money can be often be used for:
- marketing projects
- intellectual property
- expansion expenses
- internal refurb
- external refurb [sometimes]
- moving costs
- capital equipment [not leased]
- trade show costs
- improving processes
- efficiency projects
Once you know which grant you are applying for we can be more specific. It’s worth noting that you will never be able to claim retrospectively for grant expenditure so apply early. If you are ready now or within the next 6 months jump to our Grant Checker page here.
Are business government grants free?
The grant will be free and you wont have to repay it, subject to meeting the criteria.
Most grants are match funded, which means you will have to put some of your own money towards the grant funded project. The percentage varies dependent on the grant criteria. Typically you can claim 30-60% of your projects costs by utilising a business grant.
Sure, you will have to complete some paperwork and provide details and quotes, but at the end of it you stand to receive thousands towards your business project costs. In the long term it can mean the difference between business growth or business decline. So don’t be afraid to step up and find out about the grants.
123 Grants can help you. Our Grant Alerts service and Grant Checker service is free. If you wish us to help review your grant application before submission there is a charge – but payment is only payable upon success. We can’t say fairer than that.
how long does it take to get a grant?
Some grant providers are faster than others. Typically grant decisions range from a week to a couple of months. In most cases your application has to be put in front of a panel who will assess the feasibility of your application and business growth plan.
It’s important to find out what grants are available sooner rather than later as they have finite open and close dates and frequently work on a first come first served basis.
What do i need to do next?
There’s no gain by waiting around. In some cases, providing that the grant funds are sufficient – you may even be able to have 2 grants from the same grant provider. Even more reason to register for Grant Alerts now. Or if you have a growth project within the next 6 months jump to our Grant Checker page for priority service.
Priority service – Grant Checker page [next 6 months]
Future – Register for Grant Alerts
Business Government Grant Checklist
When applying for a government grant you will need the following:
Business Growth Plan
Your business growth plan should detail what your objectives are. Your business growth plan will need to underpinned with evidence. It is not enough to create a wish list. For example if you are expanding into new markets the how, why, when and with data will need to be supplied.
We can help you with this.
You will already have a project plan but it may be in your head. You will need to write it down and work through the timings. If successful you will need to reclaim expenditure within a given timeframe. So for example if you're having a refurbishment - you may want to use phased payments. We can help with your project plan.