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Start-up News

Britain lags in funding start-ups


Heather Stewart Sunday July 30, 2006

Hi-tech start-ups in the US receive up to 10 times as much government funding as their struggling British counterparts, according to a study by academics at Cambridge University.

Richard Lambert, the director general of the CBI, who has studied hi-tech spin-outs for the Chancellor, said the report highlighted barriers faced by UK firms.

 
 
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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