Business Grants

Use our free online grant-finding service

 

Find Business Grants For Your Company

What is a business grant?

Business grants are sums of money awarded to businesses to help them grow and develop. For example, the money might be used for training, equipment, or expansion. A business grant is usually awarded by the government or other organisations, and it does not have to be repaid like a business loan.

How can startups and small businesses in the United Kingdom obtain grants?

Businesses in the UK can apply for hundreds of business grants, many directed at specific industries, communities, or types of businesses. Startups and small businesses can choose from the following options:

An innovation grant is a grant offered by a funding body such as Innovate UK that supports innovative ideas and business development.

Grants from the National Lottery Heritage Fund are used to support the preservation and transformation of the UK’s heritage through grants. The investment can be made in museums, parks, historic sites, and cultural traditions.

As of today, There are 38 Local Enterprise Partnerships (LEPs) throughout the entire country of England. Business funding, support, and guidance are provided in local areas through these voluntary partnerships between local authorities and businesses.

New Enterprise Allowance: provides financial support and assistance to those looking to start or develop a business. You need to 18 years old or over and either you or your partner must receive Universal Credit, Job Seeker’s Allowance or Employment and Support Allowance, or you must receive Income Support and be a single parent, sick or disabled.

The Prince’s Trust: supports young entrepreneurs aged 18-30 who want to start and run their own business. In addition to providing funding and resources, the Trust also offers training and mentoring.

Before you login to our grant-finding portal, please take a minute to watch our video below on how to use the service

What are the best places to find small business grants in the UK?

Depending on where you live in the UK, small businesses have access to a range of funding and grant options.

Grants for small businesses in England. There are 38 regional Growth Hubs to be found on the Local Enterprise Partnerships (LEP) Network website that will give you funding and advice to help you grow your business.

Grants for small businesses in Scotland. If you live in Scotland, you may be eligible for a grant from Scottish Enterprise, or you could be eligible for one from the Highlands and Islands Enterprise or your local council. Visit the Scottish Government’s funding advice page for further information.

Grants for small businesses in Wales. The finance locator on the Business Wales website can help you find grants and provide information about applying for them. Funding may be available from the Welsh government, the UK government, local authorities, and charitable organisations.Grants for small businesses in Northern Ireland. If your business is located in Northern Ireland, nibusinessinfo.co.uk has a number of resources to assist you in understanding your grant options. Among these are government support, innovation, and research and development grants, as well as Invest NI Innovation Vouchers, which provides access to a government-sponsored knowledge provider, e.g. College, University or Institute of Technology to collaborate on an innovation project with you.

How to write a business grant proposal

It’s important to keep the following points in mind when writing a grant proposal for your business:

  • Avoid jargon and write in plain English
  • Describe your plans in detail
  • Describe how your business qualifies for the grant
  • Define what success looks like after receiving a grant
  • Quantify success using specific aims and well-defined criteria
  • You must demonstrate your team’s capability of completing the project and prove that the grant funder will see the benefits on their investment
  • Be as specific as possible with your budget

Depending on the type of grant it may be worth engaging the services of a professional grant writer who can maximise your chances of success. If you decide you would benefit from this, let us know and we’ll put you in touch with one.

How to apply for a small business grant?

It doesn’t matter if you’re a startup or an established company, First Oak Capital provides accessible grant opportunities. Creating an account with First Oak Capital will allow you to view the many options available to you. You can apply for grants across several sectors, such as manufacturing, technology businesses, transportation, energy, ICT, security, climate, aerospace, food, health, and environmental protection. 

The alternatives to grant funding

Business loans and equity financing are alternatives to grant funding that you should consider if you’re unsure.

With a business loan, you borrow a lump sum and then repay it with additional interest. In most cases, you can borrow between £10,000 and £50 million, or 25% of your annual turnover. Among the lenders are high-street banks, challenger banks, online lenders and small local specialists.

Alternatively, equity finance entails selling shares of your company to raise capital in return for a share of the profits, usually a share of ownership (equity) and/or a share of the management of the business. If you are looking for financing for a new or small business but have trouble getting one, this may be a good option for you.

 

Grant finding service

Business Grants

Find out if your business is eligible for business grants using our free grant-finding service. Apply online.