Your journey to getting a Grant

This infographic outlines what it takes to get a Grant.

Grants get business owners excited because they're seen as money for nothing.

While you don't need to pay the money back, there's a lot of hard work involved not just in the application but also on an ongoing basis.

Step 1 - Finding a Grant you're eligible for

There are hundreds of Grants in the UK which all serve a different purpose.

  • Regional Grants - Some Grants are specific to regions and are usually provided by local government.
  • Sector-based Grants - Sector specific Grants are common, especially in the Energy and Innovation spaces.
  • Business Stage Grants - Depending on the stage of your business, there are different Grants available, particularly for early-stage and start ups.
  • Export Grants - There are government Grants available to guarantee loans for businesses looking to export.

Step 2 - What Grant providers want to know

Each Grant and Grant provider has its own set of eligibility criteria and are clear in what they want to see in applications.

  • Make sure your business is eligible

  • Follow application instructions to the letter
  • Get your application in on time

Step 3 - What you need to know about Grants

Grants have specific ways of providing you with funding and support if your application is successful.

  • You may need to match the value of the Grant before you can access it.

  • You could be reimbursed costs in the form of the Grant rather than getting funding upfront.
  • Grants sometimes come in the form of vouchers and discounts from suppliers.
  • Your Grant may have conditions for how the funding is spent.
  • Your Grant may come with its own reporting requirements.

Did you know? Just 3% of UK SMEs are currently using a Grant

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Our Making business finance work for you: Expanded edition is designed to help you make an informed choice about accessing the right type of finance for you and your business.

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