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Self-Employed news

Small business agency to face radical overhaul

By Dan Martin September 2006
The government's much criticised Small Business Service (SBS) is to be radically downsized, trade and industry secretary Alistair Darling has revealed.
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Small Business Agency ineffective, admits chief

Financial Times, June 20th, 2006

“State-funded support for small business is ‘incredibly complex’, ‘inaccessible’, ‘inefficient’ and ‘ineffective’, the head of the government agency charged with representing the sector has admitted.
“Martiny Wyn Griffith, chief executive of the Small Business Service, suffered an intense grilling from the Public Accounts Committee yesterday. The MP’s queried the rationale for the SBS surviving, given that the National Audit Office warned last month that the agency could not say what the £2.6 billion spent each year on supporting small businesses was achieving.

 
Grant News

Finding Funding 

The task of finding funding to support the establishment and growth of Small to Medium sized Enterprises (SMEs) is one of the hardest tasks that we have ever been involved with. So many worthwhile cases, put up by really dedicated and very knowledgeable people, just cannot get the requisite funding for one reason or another. But if it is so tough why have we chosen to become engaged in this arena?

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The Budget - 21 March 2007

•    A new tax credit for environmental investment will be introduced.
•    Small firms will be able to claim a 175 per cent tax credit for research and development from April 2008.
 

Selective Finance for Investment in England

DTI official statistics publication – latest Annual Report.
In the year ending March 2006, businesses in England have accepted over 400 grant offers totalling in excess of £80m.
 

RSA Wales official statistics publication – latest Annual Report

In the 7 years to end March 2006, businesses in Wales have accepted 1173 RSA grant offers totalling  £650m. These offers relate to projects with planned investment of £2.83bn with the aim of creating or safeguarding over 70,000 jobs.

 
 
New Business Start-ups PDF Print E-mail
Grants and assistance for business start-ups are invariably in a constant state of flux.



Assisted areas, selective areas and schemes, local authority grants, city council grants and other specialist funds grants are part of a range of sources dedicated to assistance for new business start-ups.

Our detailed grants searching facility enables us to maximise the potential funds available to new business start-ups at any point in time.

A selection of these grants could include:

Business Planning grant

Grant assistance towards the preparation of a business plan.

Business Start-Up grant

Call Support2business to talk about funding your start-up

Subject to meeting the criteria, this can be used to cover the costs of capital items of expenditure such as equipment and tools and initial overhead costs.

E-commerce grant

The e-commerce grant helps businesses to adopt new internet technology and in particular to establish their own e-commerce presence on the world wide web.

Marketing grant

A Marketing grant is intended to support SMEs to market their products or services effectively. It can be used to cover the costs of preparing and implementing a market plan or strategy including the preparation of marketing materials in conjunction with the plan or strategy.

ICT grant

This grant helps businesses to adopt new information and communication technologies and in particular to purchase new hardware and software.

Economic Development grant

This particular grant assistance is for 50% of capital or related expenditure up to a maximum of £5,000. Priority is given to businesses that are not receiving mainstream grant assistance from other sources such as RSA.

Community Enterprise Fund

The Community Enterprise Fund can assist people, particularly those living in disadvantaged communities, to create viable and sustainable community enterprises, which can provide services to the community and generate employment opportunities. There are four types of grant available:

  • Feasibility Study grants (normally up to £3,000)
  • Capital grants (normally up to £10,000)
  • Management grants (normally up to £15,000)
  • Training grant (normally up to £2,000)


There is also a range of grants for

  • High growth start-ups
  • Capital intensive start-ups
  • Research and development programmes
  • Innovation programmes
  • Training programmes


The start-up phase of any business can be critically important. Grants and assistance can fundamentally change your business outlook. Take the steps to secure all the grants that may be available to your business.

 
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