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The Ultimate Cheat Sheet on Government Funding




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Category: Funding & Financing

Tags: business funding, funding cheat sheet, Government Funding

Recommended Next: Government Funding

When it comes to people, anything that may be tough to do, confusing or time consuming we tend to back away or delay it. It is no different to government funding and small business owners. Maybe even more so, entrepreneurs cringe at the idea of having to apply for government funding and fill out those long, confusing applications.

But what if you had the ultimate cheat sheet on government funding?

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Let me tell you right away, there is no cheat sheet to applying or obtaining government funding. There however is a check list you can follow to help guide you on the right path to successfully finding the right programmes for your small business.

Start, Plan and Fund Your Small Business with the Small Business Startup Portal. Click here for more details

As a small business owner in the UK, or any part of the world really, starting or expanding a small business may be difficult – but it’s no reason to back away.

Government funding, provided in the forms of grants, loans and financial assistance can go a long way if successfully obtained in making your business dreams come true.

So what exactly is the “ultimate cheat sheet” on government funding?

The first step to making a successful business is having a functional business plan. A business plan acts as a road map to success. If your plan works on paper, there is no reason if followed, why it would not function successfully.

A business plan will also help you when you are actually applying to government funding programmes, as it will provide the funding agencies a sneak preview into your business and the chance of success.

The following are the steps you need to take when searching for government funding:

  • Get yourself a business plan
  • Write down what you need funding for (equipment, office space, employees, marketing…etc)
  • Write down why you need funding for the above
  • Figure out how much you actually need (real need, not just a number)
  • Figure out how well you will do if you obtain the funding
  • Find the programmes available where you meet the criteria for funding
  • Start Applying

Keep in mind that funding is not always free money, but it could be low interest loans, partial contributions or even tax credits. Do not apply for funding if you don’t need it as it can also hurt your business if not used properly.

When having your facts and figures straight, finding the programmes may be challenging, so be sure to reach out and get help, or use tools such as the Grant Finder to find assistance and programmes which may be available for your type of business.

Remember, giving up is not an option if you want to succeed with your small business. Applying once and being denied never hurt anybody. Instead, go through your plan once again, make adjustments and keep applying. With hundreds of government funding programmes available, and new ones being introduced all the time be sure to be on the lookout.

Did you know that you may be able to get funding for your small business? Click here for more details

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Need funding for your business?
Learn how you can get funding for your small business in the UK. It takes 30 seconds.

Membership to the Portal

Don’t miss a thing!

Stay up-to-date with weekly recaps of news and tips for UK Startups.

Testimonials

2018 Government Funding
2018 Government Funding Success Story Interview
Leeds, England

"A business plan is the key to a successful business as well as the way to get government funding" - Read my story

Cambridge Tech Company Gets Funding
Interview with a £65,485 Government Grant Recipient from Cambridge
Cambridge, East England

"Perfect your business plan as it's in my option the number one thing small businesses need in order to attract and impress a funding agency" - Read my story

cleaning company monitoring technology
£17,500 Small Business Loan for Birmingham Startup
Birmingham, West Midlands

"If you have a business idea, don't wait - get your business plan made, ask for help and start your funding search early!" - Read my story

government grant for cleaning business in Bangor, Wales
£30,250 Government Grant Helped Me Start My Business
Bangor, Wales
"We were denied funding and we could have given up so many times. But we didn't. The important part is not to give up and keep gong. Get a support team to help you" - Read my story
Toronto Retailer Gets Government Loan
£470,000 Low Interest Government Loan For City of London Retailer
City of London, England
"Banks said no to due to my poor credit and business inexperience, but the government funding programme had a different reaction to my well developed business plan" - Read my story
doggy day care
£21,315 Government Provided Loan For Doggy Day Care Business
Nottingham, East Midlands
"No matter your situation, if your plan is to start a small business - don't give up. Use tools and resources that are available all around you and don't be scare of a small investment" - Read my story
Birmingham business starts up with government grant
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"If you believe in your business don't let anybody stand in the way. True passion will get you far, but knowing that the government can help you get funded helps a lot." - Read my story
Bristol Government Grant Recipient
Interview with a £132,000 Government Grant Recipient from Bristol, South West
Bristol, South West
"Don't give up. If you have an idea, go and do it. Create your business plan, go present you idea to investors/government agencies and get what you want." - Read my story

Latest

UK Small Business Funding Course
UK Small Business Funding Course
09Oct2019
5 Point Checklist: Starting a Small Business in the UK
05Jun2018
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Search Articles

Categories

  • Blog
  • Business Advice
  • Business Planning
  • Centre
  • England
  • Free Downloads
  • Funding & Financing
  • Locations
  • Northern Ireland
  • Q&A's
  • Sam's Corner
  • Scotland
  • Uncategorized
  • Wales
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