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STARTUP GRANT FUNDING

 explained 

Government grants play an essential role in supporting business growth and fostering innovation in the UK.  Here you can explore the UK grants ecosystem,  gain insights into the strategic advantages they offer and how they can serve as a catalyst for growth, innovation, and sustainable business advancement for your business.

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Discover if Government Grants are Suitable for your Business

Complete the short Grant Eligibility Checker to find out if your company qualifies for Grant Funding and which program would be most suitable for you to apply for.

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 What grants are   available for   startups? 

The aim of a government grant is to provide financial support and resources to foster research, development, and implementation of innovative ideas. These grants aim to encourage technological advancements, promote entrepreneurship, and drive economic growth by supporting businesses in their pursuit of groundbreaking solutions, product development, and market expansion.

 

For innovative businesses, there are several major providers offering various grants to support innovation. It is important to note that UK companies can still apply for certain EU grants.

 

Innovate UK

Grant Value: £25,000 to £2 million

Supports businesses in the UK with funding for research and development projects, encouraging innovation and driving economic growth

 

European Regional Development Fund (ERDF)

Grant Value: £10,000 to £10 million or more.

Supports economic development and regional cohesion across Europe by funding projects that promote innovation, job creation, and sustainable growth.

 

Horizon Europe - UK Applicants

Grant Value: £50,000 to £10 million or more.

Funds research and innovation projects in various fields, aiming to drive scientific excellence, address societal challenges, and foster innovation across Europe.

European Regional Development Fund (ERDF)

Grant Value: £10,000 to £10 million or more.

Supports economic development and regional cohesion across Europe by funding projects that promote innovation, job creation, and sustainable growth.

European Institute of Innovation and Technology (EIT)

Grant Value: £50,000 to £5 million or more.

Promotes innovation and entrepreneurship in Europe by supporting knowledge and innovation communities that focus on specific societal challenges and sectors.

European Research Council (ERC)

Grant Value: £100,000 to £2 million

Supports scientific excellence by funding frontier research projects conducted by individual researchers or research teams across various disciplines.

Scottish Enterprise

Grant Value: £10,000 to £2 million or more.

Provides a range of funding options and support services to help businesses grow, innovate, and expand in Scotland, with a focus on economic development and job creation.


Research and Development (R&D) Tax Credits

Award: Tax relief or cash payment

Although not technically a Grant, this can be a valuable resource for funding innovation where the government will refund a percentage of spend against your innovation project or give tax relief for larger more profitable companies.
 

 FREE APPLICATION GUIDE 

Discover the essential do's and don'ts of applying for grants, along with expert insights on optimizing your chances of success. Take the next step in your grant-seeking journey by accessing your complimentary bonus material!

BENEFITS OF GRANT FUNDING

  Free Funding  

Government grants provide non-repayable financial support for your business or project.

  Credibility Boost  

Being awarded a government grant validates your idea and enhances your reputation in the eyes of stakeholders.

 Access to Expertise 

Grants offer access to valuable resources, mentorship, and guidance from industry experts to maximize your chances of success.

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GetInizio

 We're Your Growth   Partners Every   Step of the Way 

At Get Inizio, we believe in creating thriving partnerships that propel your business forward. Our mission is to make financing simpler, smarter, and more accessible for you. With our expertise, we've helped countless businesses unlock their growth potential. Get Inizio - your partner for flexible, fair, and transparent financing.

  • What is revenue-based financing (RBF)?
    RBF is a type of funding where a business agrees to share a percentage of future revenue with an investor in exchange for capital upfront.
  • How is RBF different from traditional loans or equity financing?
    Unlike traditional loans, RBF repayments fluctuate based on monthly revenues. Unlike equity financing, it doesn't involve giving up company ownership.
  • Who is eligible for RBF?
    Typically, businesses with steady revenue streams, high growth potential, and high gross margins are best suited for RBF.
  • How much can I borrow with RBF?
    The amount varies but is generally linked to your business's monthly revenues and growth prospects. A good rule of thumb is 1-2x your monthly revenue.
  • How are the repayment terms set?
    Repayments are typically a fixed percentage of monthly revenues, continuing until a predetermined total repayment amount is met.
  • What if my business has a slow month?
    If revenues are lower in a given month, your repayment will also be lower, offering flexibility to manage business fluctuations.
  • Does RBF require personal guarantees or collateral?
    Typically, RBF does not require personal guarantees or specific assets as collateral, unlike traditional loans.
  • What kind of businesses can benefit from RBF?
    Businesses with high gross margins and consistent revenue—like software, service businesses, or subscription models—can benefit most from RBF.
  • How long is the RBF process?
    The time can vary but it's generally faster than traditional financing methods. After application, it can take a few weeks to receive funding.
  • Can I opt for RBF if I have existing debt or equity investors?
    Yes, you can. However, the terms of your existing agreements and the consent of your current investors or lenders may influence this decision.
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