According to the latest statistics, there were a total of 1,797 active high growth AI start-ups in the UK, with investments totalling £3.21bn in equity funding in 2022 alone. Another report puts the total number of UK AI start-ups that received funding of $1.5m and over between 2013-2023 at 727. This second metric is important … Read more
Today’s election results have been predicted for some time now and businesses have had the chance to take stock of Labour’s manifesto and how it might affect them. The new chancellor has promised to follow the established fiscal rules and trading arrangements with the EU and there seems to be little in the way of … Read more
What Is Starting a Business Funding? Starting a business grants can help individuals who want to start up a new business venture locally or nationally and get assistance with all the required areas to be successful moving forward. Funding types for starting a business purposes can include market research, creating a business plan, hiring staff … Read more
What Is Business Growth Funding? Business growth grants can help businesses who want to carry out activities that help them expand either locally or in the domestic market and meet different expansion goals defined either as long or short term in a business plan. Funding types for growth purposes can include developing new products and … Read more
What Is Overseas Market Development Funding? Overseas market development grants can help businesses who want to broaden their horizons and expand into potential foreign countries with activities including trade visits, access to export finance and translation services. An overseas market development funding injection can help businesses look into exporting their products and services into new … Read more
What Is Working Capital Funding? Working capital grants can help businesses who need a cash injection to assist them in the day to day running of their operations, such as pay for stock, cover seasonal shortfalls or pay key bills, including rent. A working capital funding injection can help businesses carry out their day to … Read more
Innovate UK has recently rebranded its highly successful Small Business Research Initiative (SBRI) to Innovate UK Contracts for Innovation as part of a drive to include even more businesses of all sizes to participate and apply for funding. What are Innovate UK Contracts for Innovation? Public sector organisations who are looking to address a specific … Read more
What Is Recruit and Develop Staff Funding? Recruitment and developing staff grants can help businesses who want to develop their workforce by either recruiting new staff, safeguarding existing jobs, training and developing staff and taking on interns. A recruitment and developing staff funding injection can help businesses carry out their workforce development activities faster or … Read more
What Is Buildings and Renovation Funding? Buildings and renovation grants can help businesses who want to carry out the construction of new commercial property, buy or lease a new commercial space, or carry out renovation activities on an existing premises. A buildings and renovation funding injection can help businesses carry out their improvement activities faster … Read more
What Is Purchasing Equipment Funding? Purchasing equipment grants can help fund enterprises of all sizes who want to cover capital costs of acquiring machinery, tools or other items to run a business, such as purchasing long term assets, ICT equipment and upgrading older obsolete machinery with newer equipment. As a general rule there are also … Read more
