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Please note that this article is intended for educational purposes only and should not be deemed to be or used as legal, employment, or health & safety advice. For guidance or advice specific to your business, consult with a qualified professional.
To get your bright idea of your small business off the ground, youโll need funding. There are a few options for you as you look to start your new business and secure funding, and these include government grants for small businesses.
What is a business grant?
A business grant is different to a business loan: a grant does not have to be repaid. Eligible businesses can apply for grants and receive them as one-off payments or as regular injections of cash designed to boost growth without having to worry about repayment terms.
This Town Square blogpost will guide you through how a business grant works, in addition to exploring the government grants available for small businesses and how to apply for them.
The types of grants available for you will depend on the nature of your business and the stage youโre at. Some grants are aimed at startups, while others focus more on providing finance for growth. For information about eligibility requirements for each grant, visit startuploans.co.uk.
Read more about UK Government Grants for Small Businesses
Community Engagement Program Manager, Square
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