Grant Finance – Small Business Finance

Last Updated
August 22, 2009

Grant Finance

Grants are sums of finance given out by organisations or authorities to help businesses succeed in a specific project. Grants do not need to be repaid, and as such are very difficult to obtain.

Grants are usually awarded on a ‘matching’ basis, where they cover up to half the cost of a project; and you cover the rest. They are not available for cashflow, or to cover items that have already been purchased.

Some organisations that provide grants also provide ‘soft loans’ with a minimal rate of interest; available on similar terms to grants, mostly to businesses in areas with high unemployment.

What Grants are Available?

If your business is planning to create jobs then you are much more likely to find grants you can apply for. ‘Assisted areas’ tend to have more grants available (usually poorer areas); and many limit grants to businesses with smaller numbers of employees. Manufacturing tends to have more grant opportunities than other industries, although the criteria will vary for each potential grant.

Where to Go For Grants

With most grants you apply directly to the organisation funding them. The main groups who fund grants are the government, the EU, regional development agencies, local authorities, business link and Chambers of Commerce.

To find available grants there are several useful sites, including Business Link, J4B, and .

Grants for Small Business UK

Article Index

  1. An Introduction to Small Business Finance - Factoring, Invoice Discounting, Invoice Finance
  2. Banking and Overdrafts - Small Business Finance
  3. Credit Card Finance - Small Business Finance
  4. 4. Grant Finance

    5. Small Firms Loan Guarantee - Small Business Finance - now called Enterprise Finance Guarantee

    6. Finance From Outside Investors - Small Business Finance

    7. Finance From Family and Friends - Small Business Finance

    8. Leasing Finance - Small Business Finance

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