Business Startup Grants
What is a business startup grant?
A business startup grant is only available to newly started businesses. Typically ranging from 0 to 2 years. The startup grants are designed to help startups grow faster and to increase the chances of long term business success.
Where can i find business startup grants?
123 Grants is a good place to start. We’ve been supporting startups & small businesses for years and have collated all startup business grant sources & resources. Register your interest in startup grants here.
who can apply for business startup grants?
Types of business eligible to apply for a startup grant include sole traders, partnerships & limited companies. The startup grant is based more on your business idea & business plan, rather than how you choose to set up your company.
What is a business start up?
A startup business is a brand new business, or it could be a subsidiary or stand alone business that sits alongside your existing business.
Types of startup businesses range from childcare to web design and everything else in-between. You will not be judged on the type of startup business, rather how you will make it a success. That’s why the grant holder will need to see a detailed business plan, a realistic marketing plan and proof that you’ve started the business.
Is the business startup grant free?
The startup grant will be free and you wont have to repay it so long as you meet the criteria. However most grants are match funded, which means you may have to put some of your own money towards your startup business costs. But look at it like this, starting a business is a brave but scary move, you will have many expenses, so apply for any help you can get.
is there any other help for business startups?
Yes, there is the government backed startup loan programme. Borrow up to £25,000, pay back over 5 years at 6%. More here.
Is there anything else I need to know?
Your business startup will need to be trading [in most cases] otherwise it’s classed as a pre start business. The amount for a business startup grant is typically less than for more established growing businesses as you have less track record and will be seen as more of a risk.
However, every little helps when you start out so make sure you apply for any suitable startup grants. Startup grants range from £500 to £5000.