1. Innovate UK Grants
Aimed at innovative startups and growing firms in science and technology sectors, these grants support research, development, and commercialisation of cutting-edge solutions.
2. The Prince’s Trust Enterprise Programme
This programme provides grants, mentorship, and business training for young entrepreneurs aged 18–30. It’s perfect for first-time business owners needing financial and professional guidance.
3. UK Shared Prosperity Fund (UKSPF)
This fund offers regional support for local business projects, innovation, and employment. Grants vary by area and focus on boosting community-led economic development.
4. Local Enterprise Partnerships (LEPs)
LEPs offer region-specific grants to startups and small businesses. The support may include funding for equipment, job creation, or digital expansion.
5. Small Business Research Initiative (SBRI)
SBRI provides grant funding for UK businesses to develop innovative solutions to public sector challenges. It’s suitable for tech and research-driven companies.
6. Smart Grants by Innovate UK
Smart Grants support disruptive innovations with commercial potential. Open to SMEs across all industries, these are highly competitive but offer substantial funding.
7. Arts Council England Project Grants
Creative and cultural entrepreneurs can apply for grants to support artistic ventures, performances, and community engagement projects.
8. Heritage Enterprise Grants
Ideal for businesses restoring historic buildings for commercial use, these grants are run by the National Lottery Heritage Fund.
9. The Gigabit Broadband Voucher Scheme
Offers up to £3,500 for small businesses to upgrade to faster internet services, helping enhance operations and digital communication.
10. Low Carbon Workspaces Grant
This grant helps SMEs reduce carbon emissions through energy-efficient upgrades. Funding covers lighting, insulation, and other eco-friendly improvements.
11. Manufacturing Growth Programme (MGP)
Supports manufacturing SMEs in England with business improvement grants and expert advice to boost productivity and efficiency.
12. Business Energy Efficiency Programme (BEEP)
Offers grant funding for energy audits and upgrades to reduce operational costs and environmental impact.
13. Northern Powerhouse Investment Fund (NPIF)
This fund offers a mix of loans and grants to businesses across the North of England to stimulate regional growth and innovation.
14. Female-Focused Grant Schemes
Schemes such as Women in Innovation and Hatch Enterprise offer grant funding to female entrepreneurs launching new businesses or products.
15. Social Enterprise Grants
UnLtd and similar organisations provide startup and growth funding for businesses that aim to create positive social change.
Frequently Asked Questions
What is a business grant?
A business grant is a non-repayable sum of money awarded to a business to support growth, innovation, or development.
Do I have to pay back a business grant?
No, business grants do not require repayment if the terms and conditions are met.
Can startups apply for business grants in the UK?
Yes, many grants specifically target early-stage businesses, especially those showing innovation or social impact.
Where can I find local business grants?
Check with your Local Enterprise Partnership (LEP) or local council for regional grant opportunities.
Do grants cover equipment and hiring costs?
Often, yes—many grants fund tangible expenses like equipment, software, or staffing.
How do I apply for a business grant?
Complete an application with a clear business plan, financial forecasts, and details on how the funds will be used. Tailor each application to the specific grant criteria.
Conclusion
Whether you’re just starting out or looking to expand, business grants offer a powerful way to fuel your progress without taking on debt. With proper planning and strategic application, grants can provide the financial boost needed to bring your entrepreneurial vision to life.