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…
1. What Is a Startup Grant? A startup grant is a non-repayable sum of money awarded to new businesses to help cover initial expenses such as equipment, premises, marketing, or research. Unlike loans, grants don’t require repayment, making them a…
1. Innovate UK Smart Grants Innovate UK offers competitive Smart Grants for startups working on innovative technology or R&D. Funding is available for: Grants can range up to £500,000 depending on the project and industry. 2. Local Enterprise Partnerships (LEPs)…
1. Government Start Up Loan Scheme The UK Government’s Start Up Loans programme is a flagship funding initiative for new entrepreneurs. It offers unsecured loans of up to £25,000 per founder at a fixed interest rate of 6%, with repayment…
1. What Is Pre-Seed Funding? Pre-seed funding is the earliest stage of startup investment. It helps founders turn ideas into reality by funding initial activities like: This stage often comes before formal revenue or user traction. 2. How Much Can…
1. Executive Summary The executive summary is the snapshot of your business plan. Though it appears first, it’s usually written last. It briefly outlines your business concept, goals, financial highlights, and what you’re asking for (if applying for funding). Include:…
