Current funding options for early-stage startups and small business owners
Funding is vital in any business, especially for startups and small business owners who are just getting the ball rolling. To keep you in the loop, we have compiled a list of funding options currently available in the UK.
£25,000 Business Boost Grant
Simply Business launched its £25,000 Business Boost grant for 2021 – designed to help new entrepreneurs launch a small business or help existing UK SMEs bounce back from the challenges posed by the coronavirus pandemic.
Young Innovators Award 2021/2022
Young people can apply for an award to make their business idea a reality, which includes a grant for £5,000, a living allowance, and tailored business support.
Biomedical Catalyst 2021: early and last stage awards
UK registered organisations can apply for a share of up to £18 million to develop innovative healthcare products, technologies, and processes.
Innovate UK Smart Grants
UK registered organisations can apply for a share of up to £25 million for game-changing and commercially viable R&D innovation that can significantly impact the UK economy. This funding is from Innovate UK, part of UK Research and Innovation.
Driving the Electric Revolution: Supply Chains for Next Zero
UK registered businesses of any size can apply for a share of up to £22 million for innovation projects focused on supply chain development for power electronics, electric machines and drives.
Start or Grow Fund for Social Enterprises
You can apply for £500-£5000 to start your social venture or apply for £15,000 to help you grow along with a support package of one-to-one coaching, training, mentoring and access to networks.
