FAQ’s Business Grants
FAQ’s Business Grants
Below are a number of FAQ’s on Busines Grants, often put to us by locally based businesses throughout the UK in relation to the criterion of business grants that might exist in their locality, application criteria and grant applications in general.
Business Grant FAQ’s
Do you charge to tell me what grants might be available to me?
No, there’s no charge to simply tell you whether or not there’s a suitable grant available. If we feel there is a suitable grant, we then talk in-depth with you about what’s on offer and what’s needed to be able to apply for the grant. If everything doesn’t match we don’t pursue with any grant application(s) and there’s no charge. If everything does match, we make the application in the knowledge it will be successful.
Is it you who provides the grants?
No, grants are not provided directly by us., and therefore we have no say in anything to d with grants. We work with finance partners who have direct access to the grants and as such our duty to them and you is in ensuring that the criteria of the grant(s) are matched by the businesses applying.
How successful are you with grant applications?
Yes, our strength in grant applications is in knowing exactly what is required and expected by all parties. This has resulted in a 100% success rate of all grant applications made by us on behalf of our clients over many years.
I’m a new (start-up) business do any grants apply to me?
The business grants we’re able to access do not, unfortunately, apply to new businesses i.e. those operating for less than 12-18 months although the criteria of any given grant may in very rare cases cater for 12 months or slightly less.
What does match-funded mean?
The term match-funded is used by grant providers when there’s the expectation to be placed on the applicant to part-fund the need/requirement of the grant. As an example: if the business was seeking a £75,000 grant towards the purchase of equipment and there was a contribution requirement of 50/50. To be successful the most the grant award would be for would-be £37,500. As each grant has its differing criteria, totals and values used here are only by way of an example.
What happens if I cannot match-fund the grant I apply for?
Match-funded grants come with a stipulation as to what’s expected of the applicant to contribute i.e. 50/50, 60/40 70/30 etc. As not all businesses have the available funds to do this it’s not unheard of that they need to apply for a business loan in order to cover their element of contribution. This is something we can help with and would identify as part of the assessment of suitability for a grant application in the first instance.
I’ve ordered, started paying for what I need a grant for, is that ok?
The short answer is NO, to be successful with a grant application you must not have started or undertaken any direct purchasing or spending. An example being, if you need a grant for equipment, you can have identified the equipment you need, obtained quotes, but must not have signed an agreement to purchase, made a deposit or any other form of payment against the equipment before applying for the grant, otherwise, you’d be excluded from applying.
Need a Business Grant? Request a Call Back
If interested in knowing more about what available business grants there are and how we can help. Please provide a few brief details and we’ll get right back. Being mindful that as the criteria of business grants are strictly set, we’ve tailored the form below to try and cater for current grant availability to manage the expectation of an inquiry.