{"id":30212,"date":"2019-09-16T12:09:57","date_gmt":"2019-09-16T04:09:57","guid":{"rendered":"https:\/\/zegal.com\/?p=30212"},"modified":"2021-11-11T15:23:41","modified_gmt":"2021-11-11T07:23:41","slug":"uk-startup-grants","status":"publish","type":"post","link":"https:\/\/zegal.com\/en-au\/blog\/post\/uk-startup-grants\/","title":{"rendered":"UK Startup Grants You Probably Don’t Even Know About"},"content":{"rendered":"

.\"\"<\/p>\n

 <\/p>\n

Funding is a major challenge for even the most savvy start-ups in the UK. Besides <\/span>applying for a small business loan<\/span><\/a>, there are other sources of low or no-interest financing that are often overlooked, like grants.<\/span><\/p>\n

In the UK, government grants are one of the top sources of funding for small businesses. Grants are given for a variety of reasons, and range from \u00a3500 up to \u00a3500,000.<\/span><\/p>\n

Grants are available in a wide range of fields, and they\u2019re a great way to put your small business ahead of its funding schedule. This article will cover everything you need to know about the most common small business grants in the UK.<\/span><\/p>\n

 <\/p>\n

Direct Grants<\/h4>\n

A variety of agencies offer direct grants to British start-ups, and the government\u2019s <\/span>finance and support page<\/span><\/a> makes it easy to find the kind of grant you\u2019re looking for. Grants are available for both new start-ups and established businesses working in a number of different industries.<\/span><\/p>\n

Direct grants commonly require you to match what you receive, so you\u2019ll need to find a source of funding for the other half. You\u2019ll also need to use the money as outlined in the grant agreement, so it\u2019s important to have a clear plan for the cash before you apply.<\/span><\/p>\n

 <\/p>\n

R&D Tax Credits<\/h4>\n

Research and development<\/span><\/a> is often a major expense for technology-driven start-ups, and R&D tax credits allow you to earn a partial refund on costs related to development. The program offers businesses up to 32 percent of their money back on qualifying costs.<\/span><\/p>\n

Applying for R&D tax credits is relatively simple, but you can still hire a professional if you want to work with an expert. They can even cover salaries and wages for both full-time employees and contractors that work on development for your business.<\/span><\/p>\n

 <\/p>\n

New Enterprise Allowance<\/h4>\n

The New Enterprise Allowance is dedicated to helping the unemployed start successful careers. You\u2019ll need to receive one of the following benefits in order to be eligible:<\/span><\/p>\n