April 2014 - Focus: Government Funding

1. Regional Growth Funds rounds 5 and 6
2. Growth Accelerator helps 12,000 businesses
3. Are you getting the most from R&D tax credits?
4. Alternative funding in the
post-bank era

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RGF News





Nick Clegg visits the Cartwright group following their £2m grant award - managed by S2b.

Growth Accelerator

GrowthAccelerator is a government backed initiative to help achieve rapid growth in smaller companies.  Already 12,000 SME’s have benefited - could this be your kick start to growth?



R&D Tax Credits

Another great government initiative much mis-understood by accountants.  Bob Watson explains Tax Credits and gives some examples. You might be surprised what you can get...




Alternative Finance

Banks are no longer lending...” True or not, the growth in alternatives is both significant and innovative.


We review highlights from the first comprehensive study.



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Regional Growth Fund grants

Regional Growth Fund programmes are schemes run by national or local organisations which have been awarded Regional Growth Fund cash to offer grants and/or loans to SMEs.

There are 45 Regional Growth Funds (RGF) in the UK available regionally or nationally through organisations such as HSBC and Lloyds, to charities such as the Fredericks Foundation.


Size no longer matters

The RGF minimum grant has always been £1m which would exclude most SME’s looking for funding, but smaller amounts (as little as £5,000) are available through intermediary organisations who have received funds for re-distribution in this way.


There is around £500m still available in these funds.


Each funding organisation has its own criteria for providing funds, based on geography, sectors or project types.  


These grants are available throughout the UK, including London and the South East.


Talk to us about your project and we’ll find the right fund.


Are you eligible?
The stated purpose of  an RGF grant is to:


However, what the government is really trying to do is provide funds which:


Applications
The application process depends on your project and chosen funding partner and can take between 1-3 months to finalise.   


S2b have already obtained several million on behalf of clients and can help you.

“Over £1bn made available  and over 12,500 businesses have received funds.”