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Grants for starting a business

Getting started

If you're a would-be entrepreneur then getting a business started in the UK is much easier than it used to be. There is a wealth of help and advice available on the internet and offline from both governmental and voluntary sources.

The government started a new scheme in 2006 to encourage more female business startups. Some local authorities can also offer business grants aimed specifically at helping women to start their own business. There are generally two types of grants - a direct grant or a repayable grant.

Getting a grant if possible, should be on every start-up's list of objectives, but bear in mind that there may be conditions, such as a grant being only available under specific circumstances. These circumstances can vary but may include:

  • Employment criteria - you may need to be unemployed or returning to work to qualify.
  • Location - grants may be available only if you are growing or starting a business in certain areas, such as rural or inner city development zones.
  • Business type and size - grants may apply to a certain type and size of business e.g. a start-up or a larger business needing to expand.
  • Use of the money - often the grant is only available for a specific purpose, such as new equipment or training rather than general business expenses.

There is also often a limited supply of grant funding available in any given financial period, so you may be in competition with other businesses to gain funding from this source. Finally, apart from certain small grants, grant funding does not generally cover all costs - you will need to match funding from this source with your own or borrowed money. There are also schemes that offer subsidised or free consultancy to small business owners.


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Don't worry if you've had bad credit or money problems - our panel of lenders offer competitive rates, so fill in the fast enquiry form below or talk to an advisor on 0800 043 7474 and find out how we can help you get the business loan you want.

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