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Author: Sacha Bright & Oliver Murphy
Securing grants for your business or start-up is a challenge - but there is help available. To help you make the best choice, NextFin has compiled a list of all the available grants on offer and how and where to apply.
Funds are available to small- and medium-sized enterprises defined as having fewer than 250 employees or with a turnover of less than £45,000. However, many of the funding opportunities are also based on a specific location or sector.
Grants can also be combined with other forms of funding, such as banks and equity crowdfunding platforms.
In response to Covid-19, the government announced there would be support for small businesses, and businesses in the retail, hospitality and leisure sectors
There are four schemes available, each for the countries of England, Scotland, Northern Ireland and Wales.
The schemes are all based on providing grants to businesses that occupy a premises (owned and rented) and receive a form of rate of relief
England - Small Business Grant Fund
Scotland - COVID 19 Small Business
Northern Ireland - COVID Small Business Grant
Wales - COVID 19 Grants
Who can you claim for?
How to apply
In this section, we list all of the available grants available to businesses looking to seek funding when not in crisis.
There are a number of training grants available to assist small businesses:
Innovation Vouchers
The National Apprenticeship Service
The New Enterprise Allowance
In general, cash grants tend to be taxable because they’re a form of income. However, there are a number of schemes available to ease the burden of tax liabilities.
Research and Development Tax Credit
Business rates relief
For information on all the available grants on offer for your business, view our comprehensive list here.
Disclaimer
To the best of our knowledge, the information we have provided is correct at the time of publishing. Sacha Bright is not a solicitor or accountant and we recommend that you seek professional advice on any topic discussed.
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