We all know it’s difficult to run a business as the cost of living and inflation are increasing in the UK. We have collated some information about a few small business grants that may interest you.
You can register for the Government apprenticeship programme if you want to recruit an apprentice. The link on the GOV.UK website is - Employing an apprentice. There is a lot of information about choosing the best apprenticeship scheme, finding an organisation that offers training, and outlining what type of funding is available.
Up to £210m worth of voucher funding as immediate help for people experiencing slow broadband speeds in rural areas. Vouchers worth up to £1,500 for homes and £3,500 for businesses help to cover the costs of installing gigabit broadband to people’s doorsteps. To find out if your business is eligible, click here and do a postcode check – Gigabit Broadband Voucher Scheme.
Research and Development (R&D) reliefs support companies that work on innovative projects in science and technology. It can be claimed by a range of companies that seek to research or develop an advance in their field. It can even be claimed on unsuccessful projects. To find out if you're eligible to claim, click here – Claiming research and development tax reliefs.
The Seed Enterprise Investment Scheme helps start-ups to raise money for their business. You get a maximum of £150,000, including state aid awarded in the three years running up to the date of investment. There is guidance on the GOV.UK website explains whether you would be eligible and how the scheme works. The money you raise from the investment must be spent within 3 years of the share issue.
The Enterprise Investment Scheme is very similar to the scheme above, but it is for established companies that want to raise money to support their growth. Under this scheme, you can raise up to £5 million yearly and a maximum of £12 million in your company’s lifetime. The individual investors that buy shares in your company are offered tax reliefs as an incentive to invest. The full details can be found on the GOV.UK website, including what money raised can be used for.
If you are planning to access any grants and need some advice on creating a financial forecast, don't hesitate to contact us by calling 01623 490 120 or emailing This email address is being protected from spambots. You need JavaScript enabled to view it..
Haidee is our Personal Tax Director and is a fully qualified tax adviser, having achieved the ATT qualification in 2006. Tax efficiency being her main concern. Specialising in taxation, Haidee provides clients with advice on personal tax, PAYE services, VAT and social security. She also provides guidance to new start-up businesses.
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When you first start a business, your focus is usually on attracting customers, generating sales and building a successful company. Few business owners spend much time thinking about how or when they will eventually leave the business.
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