With economic indicators highlighting a flat economy through 2023 and growth forecasts for 2024 looking gloomy, it would be understandable if business owners played it safe. However, there are opportunities out there and ambitious entrepreneurs will still be looking to maximise their potential whilst competitors stand still. Also, there is no shortage of new ideas, … Read more
One of the primary hurdles for innovation grant consultants is finding suitable prospects for new innovation grants, a challenge frequently discussed in our client meetings. To tackle this issue, we are working on a solution to construct a business profile of successful Innovate UK grant winners based on the characteristics of past similar grant recipients. … Read more
It’s very important for your business to keep innovating to beat the competition, especially in marketing your services in the highly competitive grants industry. When other firms make new product and service breakthroughs it’s equally important that you can take advantage of them. In our case, we’ve added new white labelling features to our custom … Read more
In the third and final part of this 3-part blog we look at grant funding amounts, Innovate UK sectors and the types of businesses for projects started in 2021. How much funding are businesses getting? Projects that received funding of between £100,000 to £250,000 were the most common at 31.2% of the total in 2021. … Read more
In the second part of this 3-part blog we look at regional funding picture for projects started in 2021. Which regions are getting the most or least funding? London, the South East and East of England were the top three funded regions in 2021 with 572, 509 and 314 projects respectively. London and the South … Read more
The government announced a 66% funding increase in core Innovate UK programmes to £1.1 billion in 2024-2025 so it’s important to know if your type of business and the innovation project you are thinking of typically get Innovate UK funding. Innovate UK’s 5 year plan which covers the years 2021 to 2025, has the future … Read more
The issue of fraudulent claims during the government backed Covid19 loans (BBILS and CBILs) has been an ongoing story in politics and the media. Also, the increased focus on taxation, as a result of the government’s recent mini-budget, has added to an overall climate of HMRC vigilance particularly in relation to businesses. This background is … Read more
Our focus at Get Business Grants is of course business grants and facilitating the process of finding and obtaining the grant your business needs. However, business owners and FDs should not ignore other methods of funding their plans that will provide further impetus. Indeed, many grant schemes require that you already have another source of … Read more
Whilst interest rates are low by historical standards (some will remember 15% in October 1989 to curb inflation and 12% in October 1992 following the ERM crisis, trying to halt the fall in the value of the Pound) the current round of increases will present challenges for SMEs. Although the norm from 1994 to 2007 … Read more
The last article highlighted the potential for changes in availability for business grants. It will be interesting to see if there is any increase in demand for business grants as well. This increase in demand will be driven by two factors. Firstly, the increased cost of lending facilities as interest rates rise. Secondly the reduction … Read more
