New Research & Development Grant for Small Business Innovation

Small businesses will be able to access financial support to fund innovations from April, following the launch of a new government research and development grant. Managed by the Technology Strategy Board (TSB), the R&D grant will be introduced on the 4th April 2011 and offer small firms three types of grants ? proof-of-market grant (firms can apply for up to £25,000) proof-of-concept grant (up to £100,000) and development of prototype grant (up to £250,000) The grant will allow small businesses across the UK to research and develop new products, processes and services. The initiative supersedes the Grant for R&D scheme previously managed by the regional development agencies. “Innovative small companies are vital to the UK’s economic future.” said TSB chief executive, Ia... »

Grant helps firms exhibit overseas

UK Trade and Investment (UKTI) is doubling the number of grants available to small businesses that want to exhibit at overseas trade shows. At present, the UKTI Tradeshow Access Programme (TAP) enables small businesses to apply for three grants during their firm’s lifetime to help them attend overseas trade fairs. But from April 2009, firms can apply for an additional three grants, provided they visit trade shows in more than one country and only apply for one grant per financial year. Grants of £1,000, £1,400 and £1,800 are available to help cover the costs of exhibiting at 400 eligible tradeshows worldwide. Firms can apply for the grants by contacting their regional UKTI International Trade Team or via their industry’s accredited trade organisation. Minister... »


What do you need to consider when deciding whether to apply for grants? This section takes you through: the types of grant that are available the factors affecting eligibility sources of grant finance The FAQs will help answer some common questions. Grants may not be the best option for your business so you need to consider other types of finance such as loans or venture capital. As there are numerous sources of grants it can take a lot of time and money to look at the options yourself. Grants business advice article Crown Copyright © 2002 »

Finance and Money

What Types of Finance are available to you and what best suits your business now? Getting the right type of funding can make a big difference to the success of your business. This section takes you through some of the main types including: Grants Loans & Overdrafts Venture Capital Using FAQs to help answer some common questions and resources for more in depth information will help equip you to manage your finances successfully, ensure your bills are paid on time and find out what help is available if you suffer from cash flow problems. If you want to talk through your specific situation with an experienced adviser then contact your local Business Link . How will the Chancellor’s 2002 Budget Report affect small businesses? How do I go about obtaining a bank loan? How do I qualify ... »