Grants and Funding
Outside sources of funding and grants
Grants and Funding, there are outside sources of funding and grants, tailored to support the small business sector. These include small business grants to enable us to purchase capital goods, for instance, often providing around 20% of the overall cost, although sometimes higher percentages are available. A few grants are more specific and will have an environmental angle or be applicable only to certain sectors.
European Regional Development Fund (ERDF)
Some of these grants are administered by quasi-government bodies such as the New Anglia Local Enterprise Partnership (Norfolk and Suffolk LEP) but there are others, often using European Regional Development Fund (ERDF) money too. New Anglia Growth Hub can be found here New Anglia
There are government business grants available too, such as those via the Department for International Development for any organisation looking to export their products or services. Access their site here: Exporting Help
Agreements or Contracts
It is important to note that if you are looking for a grant, you must not enter into any agreement or contract before you have your grant application approved. The rationale being the grant is to enable the purchase, and without it, you would not be able to proceed. Patently not true if you have a contract in place to buy already.
In our experience, every organisation responsible for administering grants are very helpful and offer great advice and guidance. Therefore it makes perfect sense to talk to them and see what specific help is available.