1. Understand Who Can Claim VAT Refunds VAT refunds are available for: Each group has different rules, processes, and timeframes. 2. VAT Refund for UK Businesses If you’re a UK VAT-registered business, you can reclaim VAT paid on: You cannot…
1. Business Registration and Legal Costs Registering a business in the UK is affordable, but essential. Costs vary by structure: Also consider licenses, insurance, and intellectual property if applicable. 2. Business Premises or Rent Your startup location heavily influences your…
1. What Is a UK Small Business Loan? A UK small business loan is a financial product designed to help businesses with fewer than 50 employees fund growth, cover operational expenses, or invest in equipment, marketing, and talent. Loans can…
1. UK Start Up Loan Scheme (Government-Backed) The UK Government’s Start Up Loans scheme is one of the most accessible company start up loan options. You can borrow up to £25,000 per director at a fixed 6% annual interest rate…
1. UK Government Start Up Loan Scheme This is one of the most popular small business loans for startups. The UK Government offers unsecured loans of up to £25,000 per founder with a fixed 6% interest rate and repayment terms…
1. Start Up Grants: What Are They? Start up grants are non-repayable funds provided by governments, charities, or private bodies to help entrepreneurs cover initial costs. They’re designed to: Unlike loans, you don’t need to repay grants—making them ideal for…
1. Understanding Business Profit Profit is the money a business keeps after covering all its expenses. There are three key types: Each type helps assess financial health from a different angle. 2. What Is a Good Profit Margin? Profit margin…
1. Innovate UK Smart Grants This government-backed scheme supports innovative business projects that drive economic growth. Grants are offered to fund feasibility studies, prototypes, and commercialisation of new ideas in science and technology. Key points: 2. Local Authority and Regional…
1. What Is a New Business Grant? A new business grant is a non-repayable financial award designed to support entrepreneurs during the early stages of launching their business. It covers setup costs, development, and other expenses without adding debt to…
1. What Is a Loan for New Business? A loan for new business is a financing option designed to provide entrepreneurs with the capital needed to start operations. It covers expenses such as equipment, inventory, rent, marketing, and salaries in…
