Business Grants to Start or Upgrade Business

Good news for entrepreneurs, you can avail of various types of business grants to start or upgrade your business. The UK is one of the best places in the world to start and expand a business. UK government support is enormous as they utilize part of taxpayers’ money to provide funding to assist and motivate entrepreneurs which will then provide more jobs. Monetary grants are distributed on both national and local levels to have a wider scope of distribution. Most businesses are qualified to apply for start-up assistance and support schemes.

Types of support includes: start- up grants, directly- given grants, repayable grants, easy payable loans and other assistance to start or expand business. Complete information regarding types of support can be found on this website: http://www.startups.co.uk/grants-for-starting-a-business.html.

Government grants are provided to start a business and include advisory, guidance and information assistance. The majority of grants are mainly for starting a business and some would require entrepreneurs to match the amount of fund granted. Detailed information specifying how funds will be spent, the location of business and the type of business must be submitted. Based on your documents, the agency will determine which grant or support you qualify.

Visit the local business link website to gain entry to the directory of government business grants and support services. You will be able to find potential sources to help start your business. For more information refer to Business Link in London Website: http://www.businesslink.gov.uk/bdotg/action/layer?topicId=1073866776

Refer to these links to find business grants given by private organisations to start or upgrade your business:

1. Grantnet contains list of small businesses, charitable and community groups that provides suitable funding. You can identify 5000 funding schemes available in the UK from national resources that are appropriate to your kind of business. Contact: http://www.grantnet.com/.

2. Idox's j4b portal has comprehensive grant information for the UK and Ireland. You can find grants, loans, tax relief information and adventure capital opportunities to assist your business. It has around 4,500 financial programs available. Contact: http://www.j4b.co.uk/.

3. The Fund Guide for Entrepreneurs is published by the Chamber of Commerce of London that offers guidance for businesses. Contact: http://www.southlondonbusiness.co.uk/finance_grants_and_incentives.php4.

Grant Funding Agencies of UK is a free directory that contains a list of companies, pictures, special offers and various business grants. Contact: http://www.freeindex.co.uk/categories/financial_and_legal/business_finance/grant_funding/.

5. Wandsworth Town Centre Improvement Scheme (TCIS) offers as much as 33% of the cost to improve a business from a minimum support of  £1,000 to a maximum of £15,000.Check out:http://www.wandsworth.gov.uk/info/200079/regeneration/379/town_centre_improvement_scheme/1.

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