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If you’re looking to grow your business but want to reduce the investment risk then grants are a smart way to fund your growth plans. Here’s a quick primer on UK business grants and how you can best use them to grow your business.
1. FIND THE RIGHT GRANTS FOR YOUR BUSINESS
The UK business grants landscape is constantly changing with new grants and deadlines happening every day. You can easily to find the right grant for your business with Xsortal’s real-time grants database, filters to match your business and matching grant profiles.
2. FOLLOW THE MONEY
Follow the money is a wise business mantra to heed and especially for grants. There’s a lot of funding available for business across multiple sectors and regions:
- £1 billion+ in funding available
- 2,000+ sector funding schemes
- 1,500+ regional and local funding schemes
3. ALIGN WITH YOUR GROWTH
There are different ways to grow your business and grants and funding schemes cover all the major business growth purposes:
- Working Capital
- Business Growth
- Business Innovation
- Buildings and Renovation
- Purchasing Equipment
- Energy Efficiency
- Recruit and Develop Staff
- Overseas Market Development
- Starting a Business
- Property Development
4. ALIGN WITH YOUR BUSINESS TYPE
Grant schemes are designed to target businesses of different sizes and there are schemes best suited to small, medium and large companies. In Xsortal’s grants and funding database there are:
- 200+ schemes for Start ups
- 2000+ schemes for SMEs
- 1000+ schemes for large businesses
5. REFINE YOUR GRANT CHOICES
Finding the right schemes for your business from the thousands available can potentially be time consuming, that’s why we’ve made it easy for you to refine your grant choices using 6 key business filtering criteria:
- Industry Sector
- Location
- Business Type
- Funding Purpose
- Funding Amount
- Funding Type
6. PLAN FOR YOUR BUSINESS
Grants are not a one-off; they fit into a 3-year business plan to constantly support your business goals. You can apply for as many grants as you want up to a maximum of €380,000 over three consecutive years.
7. APPLY FOR YOUR GRANT NOW
Applying for a grant is made easier with 4 matching support options:
- Guide to understanding what Grants are and do
- Grant profiles to help you quickly find the right Grants
- Get direct access to every Grant Application Link
- Request Expert help with your Grant Application
8. YOU CAN MULTIPLY THE BENEFITS
Grants are just the start of building a big benefit pool for your business; there are 6 ways to multiply the benefit package:
- Match your Funding Opportunities
- Identify additional Tax Benefits
- Open up new Investment Opportunities
- Explore Personal Financial Benefits
- Leverage IP Opportunities
- Spearhead new Sales for your Business
9. YOU CAN LEVERAGE GRANTS IN YOUR MARKETING
Grants are also a key marketing tool for your business and you can leverage them in 3 different ways:
- Add Value by keeping Customers up to date with relevant Grants
- Promote access to Grants to attract new Customers
- Match Grants with Customer Needs to reduce capital outlay
To keep up to date with the latest Grants available for your business