Access to Business Grants is often the first route which a business explores as a way to obtain finance, some may see it as a way to gain a suitable kickstart towards expansion or provide time to enable business growth.
Such needs which a business could have for applying for a business grant could be; the purchase of new assets, the promotion of the business, or assistance in being able to refurbish commercial property for expansion.
Many businesses prefer access to business grants as their most ideal route to finance because often there’s never a requirement on the business to physically pay the business grant(s) back. Whilst such money is available for businesses to apply for, the actual process of applying and successfully securing the funds through this finance route can often be onerous and time-consuming for business owners.
It’s important to note that whilst there may not be a need to pay a business grant back it doesn’t mean that the money is given for free. As the award of a business grant to a business is done on the accepted expectation of the business to fulfil certain conditions, such as the creation of new jobs.
Equally important to note is that many, if not all the business grants for which we cater for involve a match funded element i.e. the business, would have to contribute a percentage of what’s required. Such a percentage is set within the criteria (terms and conditions) of the grant itself such a 50-50 split meaning that if a business seeks £20,000 they’d have to fund £10,000 themselves and the grant could then provide £10,000. For those businesses who do not have the funds to be able to match fund, we’re able to assist them with additional routes to finance in order to help them fund the required contribution by accessing a commercial bank loan as an example.
Our funding partner’s wealth of experience in being able to access business grants on behalf of our business customers has resulted in an enviable 100% application success rate. Plus, it’s reassuring to know that many of their team have in a past life, have themselves been funding managers, which pleasingly means they know exactly what and which hoops businesses are made or need to jump through for a successful application.
When it comes to business grants we offer a total end-to-end service. By having close and regular communication with our clients and by gaining or having a full understanding of new and/or current grant funding criteria. Allows us to then compile the grant application, including writing, collaborative preparation of forecasts and its ultimate submission. Once submitted we regularly track it to ensure that it successfully progresses through the various application stages.
If you have a need to sort access to a business grant let us know, and we can have a simple no obligation initial phone call to see if we can help.
In managing your expectations, please note:- The Business Grants in which we cater for can and do carry strict criteria as well as involve match funding. Also please beware that business grants cannot retrospectively be accessed for monies which have already spent, and will not generally be available for start-up businesses or for businesses which deal directly with the general public.