A quick note on Government funding…
Funding is provided to either effect some change in the economy such as create more jobs, innovation, green working, etc. or to address a market failure such as a lack of social enterprises. For this reason, criteria and eligibility is often very specific and funding may often take the form of paid for advice, zero interest loans or small grants that require a match contribution from the business. If you’re unsure whether you qualify for any of the schemes below please get in touch and we’ll do our best to help.

british business bankBritish Business Bank Guide to Finance

The business finance guide provides a comprehensive overview of the financing options available to growing businesses. Whatever the challenges faced, the right financing decisions are critical. For business owners and management, awareness of the choices available allows the business to make a well-informed financing decision.
This link takes you to a helpful tool that guides you through the various options for finance – Find the right finance for you

 

British Business Bank Enterprise Finance Guarantee

This video explains what the Enterprise Finance Guarantee is; one of the many funding options available to UK smaller businesses looking to scale up and grow.


LOCASE Grant Scheme

  • £10,000 match funded grant/support
  • Growth related projects
  • Sustainability must be a feature

Apply here

ESi4 Growth Loan/Grant

  • Must create or safeguard jobs
  • Up to £8,000 per job created
  • Capital Spend Only
  • Delivered by Locate East Sussex and backed by East Sussex County Council

Tell me more

Start Up Loan + 12 months Mentoring

  • 18+ years old
  • Pre-start or trading less than 24 months
  • Up to £25000 low interest (6%) up to 5 years

Tell me more

LEADER Rural Grant scheme

  • Up to 70% of project costs
  • £50,000 maximum (neg.)
  • Location dependent
  • Must create jobs and growth

Tell me more

RGF Asset Grant Scheme

  • 20% grant towards capital cost
  • Must be part of an asset purchase plan
  • Must create or safeguard jobs

Tell me more

Innovate UK Grant Funding

  • Test new ideas and develop innovative products or services
  • Variety of schemes from £25,000 to £10,000,000

Tell me more

Business Finance Finder

  • Find government-backed support and finance for business
  • grants
  • finance and loans
  • business support eg mentoring, consultancy
  • funding for small and medium-sized businesses and start-ups

Tell me more

EAFRD

  • Provide support for rural businesses
  • Support the development of sustainable rural tourism
  • Develop the skills of the rural workforce

Tell me more

South East Business Boost (SEBB) Grant Scheme

  • Launched 1st April 2017
  • Funding available to SMEs to cover costs such as business development, machinery and business expansion
  • £1,000 – £10,000 grants
  • Can fund up to 30% of the cost of qualifying projects

Tell me more and apply here

ENTERPRISE FINANCE GUARANTEE

  • Be UK based, with turnover of no more than £41 million per annum
  • Operate within an eligible industrial sector (a small number of industrial sectors are not eligible for support)
  • Have a sound borrowing proposal and robust business plan, but inadequate security to meet a lender’s normal requirements
  • Be able to confirm that they have not received other public support of state aid beyond euro 200,000 equivalent over the previous three years

EFG guarantees loans to fund the future growth or expansion of a business, from £1,000 to £1.2 million. Finance terms are from three months up to 10 years for term loans and asset finance and up to three years for revolving facilities and invoice finance.

Tell Me More

Funding Options

Find public finance using the finance finder tool, or search for private finance.

Professional advisers such as accountants can help you to work out whether it makes financial sense to take on loans or investment. You should take legal advice before taking on new investment in your business.

Find a chartered accountant on the Institute of Chartered Accountants (ICAEW) website, or a solicitor on the Law Society website.

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