Contrary to popular belief, there is an extensive range of grant funding available to businesses. Over recent years, the range of grants available has expanded significantly and the scope of the qualifying criteria has widened. This ensures that money reaches businesses looking for funding opportunities that would otherwise see projects delayed or restricted, due to a lack of financial resources.
We have a specialist team that can secure government backed loans and grant funding for established manufacturers and innovative ‘early start’ companies. We search for the best grant for your business and we have access to a portfolio, which allows us to introduce experts from outside the business if needed.
The success criteria for grant funding is often complex and so engaging a specialist significantly increases the chances of obtaining funding.
Capital grants
Regional Funds support eligible projects and programmes that are raising private sector investment to create economic growth and sustainable employment. The grants are typically 20% to 30% of total spend and there are also interest free loans available.
R&D grants
The Innovate UK scheme has a £561m budget to assist with tackling the funding gap often experienced by many small and early stage companies with innovative ideas, high growth, ambition and potential. The budget is split into industry-focussed sectors. These include: Emerging and Enabling Technologies, Health and Life Sciences, Infrastructure Systems, Manufacturing and Materials and Open Programme. Within each of these sectors there will be two broad competitions each year, plus two open competitions for applications from any sector within the open programme.
The scheme helps assess potential markets, prove concepts and develop prototypes. By reducing financial risks, it aims to encourage SME investment, increase innovation capability, accelerate the commercialisation of new products and services and contribute to economic growth.
The Humber LEP, has a range of funding available to businesses in this area, some of which can help significantly with capital projects.
For more information, please call cbaSadofskys on 01482 228488 or email info@cbasadofskys.co.uk.
