Provided by: SBSG UK
Current Stage Deadline: December 9th 2023
The early stages of a startup can often be the most challenging.
SBSG understands that getting your new business off the ground can be an exhilarating yet challenging journey. The Small Business Success Grant Programme, which offers up to £1,000 in non-refundable funding, is designed to support small businesses like yours and help you turn your great ideas into successful ventures.
Small Business Success Grant Overview
The Small Business Success Grant is a programme specifically created for Existing, for-profit, privately owned businesses located in the United Kingdom.
If your business has generated more than £10,000 in annual revenues, you’re eligible to apply. What’s even better? You can use this grant as you see fit to further the growth of your business. There are absolutely no strings attached!
Here’s a sneak peek into what this programme offers:
£1,000 – a Non-Refundable / Non Repayable Grant
No credit checks required – or minimum revenue requirements
Grant Writer Not Needed
No Restrictions on how you can use the funds
Matching Contributions are not required to be eligible
Applying to the Small Business Success Grant Programme is unlike any other programme currently available – as it is available to you with the bare minimum in requirements and eligibility.
SBSG Programme Eligibility Criteria
To qualify for the Small Business Success Grant, you must meet the following criteria:
Your business must be located in the United Kingdom.
Your business should be more than 1 year old – from the registration date.
Your business should have generated more than £10,000 in revenue since it’s inception
Your business registration process should be completed. This can be done via regional and nationally incorporation or a UK resident sole trader.
You must provide a complete business plan and PitchDeck presentation to be considered.
You must have a valid membership with UK Startups, which you register for here – or submit a £20 application for if you are a non-member.
Securing a grant can significantly boost your business’ potential by providing the much-needed capital to move your startup forward.
Whether it’s for purchasing essential equipment, funding marketing efforts, managing cash flow, or covering payroll, the grant can cater to a range of needs.
The Small Business Success Grant provides an excellent opportunity for UK entrepreneurs. Unlike other grant programmes, there are no strings attached. You can use the funds as you see fit to drive your business growth.
To start the application process for the SBSG programme offered by UKSBSG.co.uk, complete the initial form found on the website to put in the request. Shortly after, application steps will be emailed over to you.
Along with your completed application form, compile all the necessary documents and information and submit your application before the deadline presented on sbsg.ca
Remember, it’s essential to provide accurate information and a well prepared business plan to increase your chances of receiving the grant. The application process is straightforward, and no professional grant writer is needed.
Good luck with your application!
Frequently Asked Questions
What is the Small Business Success Grant?
The Small Business Success Grant is a funding programme offered by UK Startups, providing up to £1,000 in non-refundable funds to existing, for-profit, privately-owned businesses in the United Kingdom.
Who can apply for the grant?
To be eligible for this grant, your business must be more than a year old, located in the United Kingdom, have an annual revenue of more than £10,000, and be either regional or nationally incorporated or a UK resident sole trader.
How can I use the grant funds?
The grant money can be used for any business-related expense, including purchasing equipment, marketing and advertising, managing cash flow, covering payroll, and more. There are no restrictions on how you can spend the funds
Do I need to have good credit to apply for the grant?
No, a credit check is not required for the application. This grant programme aims to support startup businesses and does not require a credit check or a minimum revenue requirement.
Do I need to hire a grant writer to apply?
No, you do not need to hire a grant writer. The application process for the Small Business Success Grant is simple and straightforward.
When is the application deadline?
How competitive is this grant?
Grants are generally competitive, as they are a popular form of funding, especially for existing businesses. However, the exact level of competition varies based on the number of applications received during each application period.
Do I have to repay the grant?
No, the grant is non-refundable, meaning you do not have to repay the money
How can I apply for the grant?
To apply for the grant, you need to complete and submit the application form, along with the required documents and information, on the UK Startups website before the application deadline.
Can I apply for the grant if my business is not incorporated?
Yes, you can apply if you are a UK resident sole trader. However, the business registration process must be completed.
It is always a good idea to follow a checklist to determine that you have all that you need to successfully apply for the grant programme.
Before you start, it is important to confirm the following:
- Is your business located in the United Kingdom
- Is your business more than 1 year old
- Ensure you have more than £10,000 in revenue
- You business must be registered
- Have your valid membership to UK Startups (or be prepared to pay the £20 application processing fee)
In terms of the documentation required to apply; you must have your 3 year financial statements and proper business plan – ensure this is reviewed by an expert and given the go ahead. Be sure to have your PitchDeck presentation ready to go; and approved by an expert. If you have a website, ensure it is reviewed by an expert to evaluate and increase your chances of success to the Small Business Success Grant.
For added security, you can register as a member of UK Startups here: https://www.ukstartups.org/purchase/– to ensure you can get expert help with your business plan, financials, pitchdeck and the funding search and application steps.