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Introduction
According to an annual survey from Atom Content Marketing, 66% of small business owners and sole traders believe their business is going to perform better in 2024 than they did in the previous year. 53% of businesses are planning to carry out growth activities by increasing their marketing spend and 29% of businesses consider themselves at a growth stage and are looking at different ways to expand.
One such way for businesses to carry out growth activities is to get a financial injection by applying for a business growth grant. As well as spending on marketing, other eligible activities include strategic growth planning, software and website development, new product and service launches and expanding into new market areas.
Businesses can typically access growth funding and additional support from providers in their local area or from a national provider.
What Are Some Of the Latest UK Business Growth Grants Available?
i) Swansea Business Growth Grant
Swansea Council is providing a scheme that aims to support local businesses to grow through the introduction of new products or services. Eligible expenditure can include, but is not limited to, equipment, IT systems and machinery. Up to £50,000 is available per applicant.
Application Deadline: Funding available on an ongoing basis.
ii) Orkney Islands Business Development Support
Orkney Islands Council is offering grants towards capital expenditure that will support business growth. Some revenue costs, such as design costs, non-statutory training and marketing can be considered eligible on a case-by-case basis. Up to £55,000 per applicant is available.
Application Deadline: Funding available on an ongoing basis.
iii) Harrow Business Support (Growth) Programme
London Business Partnership and Harrow Council is providing a fully funded support programme that aims to help businesses in the local area to create a detailed action plan to grow their business. The action plan can address areas such as management systems, financial planning, market research and leadership.
Application Deadline: Support available on an ongoing basis.
iv) Future Shrewsbury Grant Scheme
Shrewsbury Business Improvement District is providing a scheme that aims to help businesses to evolve and grow by supporting a range of activities, including but not limited to, renting additional space, training new staff or onboarding new team members, accessing new markets, improving shop fronts and covering the cost of work placements. Funding worth between £1,000 and £5,000 is available for each business.
Application Deadline: 20th October 2024.
v) Ashford Rural Investment Grant
Ashford Borough Council is providing a scheme that aims to support the creation and uptake of start-up space for food and drink producers, hospitality or tourism businesses or businesses in sectors supporting these industries. The scheme will also support projects that will help tackle the last-mile challenge and increase the number of visitors to rural hospitality or tourism destinations. Up to £10,000 in project funding is available.
Application Deadline: 13th October 2024.
vi) Redditch Town Centre Grant
Redditch Borough Council is providing a scheme where businesses can access funding to support works and activities that will improve their customer experience and/or business performance. Eligible expenditure can include improvement to ground floor frontages, fixtures and fittings for retail space, marketing and equipment. Funding of up to £5,000 is available per business.
Application Deadline: 11th October 2024.
vii) Luton Online Digital Marketing Launchpad
Luton Borough Council is providing a fully funded programme providing support and training to help businesses learn new skills to take a hands-on approach to marketing and digitalising their business. On completion of the programme, participants can apply for a marketing grant worth up to £500.
Application Deadline: Funding and support available on an ongoing basis.
viii) UK Business Boost Competition
Simply Business is running a competitive process to award a business growth grant of £25,000 to the small business owner who has the best business idea to boost their business further. Businesses can submit their business plan and outline their story, what positive social impacts they have and creative and innovative angles.
Application Deadline: 15th October 2024.
ix) West Midlands SME Grant Programme – Round 20
Birmingham City Council provides a multiple round scheme that aims to support start-ups and existing SMEs. The funding can support projects including new start-ups, expanding and growing existing businesses, inward investment, developing new markets, innovation, capital investment, increasing productive capacity of new and existing premises and digital projects. Funding worth up to £100,000 per business is available.
Next Round Start Date: 30th September 2024.
How To Apply For Business Growth Schemes
Full details about how to apply for schemes and the eligibility criteria is available on each individual scheme page on the relevant website. Any deadlines, who can apply and what eligible costs the grants will cover will also be outlined on these pages. Interested businesses can speak to business growth advisors based at each provider who can guide them through requirements and eligibility criteria to see if the relevant funding is a match with their needs and help them to apply. There are also application forms and other supporting guidance available on scheme pages as well.
Want To Find The Latest UK Business Growth Funding Opportunities?
If you want to see the full set of UK business growth funding currently available, please visit https://getbusinessgrants.com/
