|Category:||Grants and subsidies||National:||8|
|Regional:||17||Amounts:||£10,000 to £500,000|
Often, when the government invests in your business, the programme has a built-in protection for you. In this case, you might be required to pay back the amount only if the venture proves successful. It's like having a really nice venture capitalist invest in your company, but only wanting a return on the investment if your project is successful and profitable.
Repayable contribution programmes offer up various avenues of access to various funds for small businesses. Some programmes take the form of interest-free, unsecured repayable loans, where all or part of the loan is repayable or conditionally repayable depending on the terms and conditions of the contribution agreement. On the other hand, some programmes take care of up to 50 per cent of eligible cost for new enterprises, modernisation or expansion projects. Such costs include start-up costs, working capital and capital costs. Furthermore, any related operational costs, involving activities such as job skills training, industry related courses, marketing, product innovation, productivity enhancement or quality assurance could meet the criteria for eligibility to receive up to 75 per cent financing or to a contribution limit of £500,000.
At times, the government may provide funds through partnership programmes to encourage cooperation between unions and employers in finding ways to work together. There are some programmes that showcase the government's commitment to specific industries. These programmes assist by helping with lowering costs, improving productivity, efficiency and product diversity. Other repayable conditional programmes exist to ensure the continuance of strategic R&D being undertaken by national aerospace and defence companies.
Recipients discuss their success
and give you tips to get funding.
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