Cash grants range from hundreds to thousands of pounds, the highest generally reaching up to £500,000. Grants aren’t only cash rewards, many available to SMEs come in the form of vouchers for equipment and tools, reduced costs for vital resources and employment subsidisation.
A wide variety of grants exist for businesses, under both privately and publicly funded schemes. Grants both government and private are usually intended to encourage entrepreneurial activity in the UK to create new jobs and stimulate the UK economy.
While the benefits of a small business grant are second to none, it is worth considering whether a grant is the right funding for you. The application process is usually complex and time-consuming, and you must consider whether you can afford to lose this investment if your application is unsuccessful. It’s worth noting specific sectors lend themselves better to achieving grant funding, namely businesses concerned with innovation, exports or the energy and environment sector, which are key drivers in the UK economy.
This said, business grants can make you huge savings, and/or might be the cash injection you need to get your business off the ground. So, without further ado, here’s our list of 226 private and publicly funded business grants schemes for UK businesses.
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