Securing funding through grants

It can be tough out there for start-ups who are on the lookout for ways to fuel growth, innovate and make an impact in their sector. While there are many tried and tested ways to do this, grants are often an under-utilised source of support for start-ups.

You’d be forgiven for thinking that grants are usually associated with charitable causes. The truth is, however, that businesses of all sizes can be eligible for a whole range of different grants. Grants can be a valuable opportunity for start-ups to secure funding that will help them drive their business forward.

In this blog, we’ll explore the world of grants for start-ups , looking at who can apply and how they can help and share our tips for navigating the application process successfully.

Grants are commonly linked to philanthropy of some form or another and are financial awards to support specific initiatives or projects. While government bodies, nonprofit organisations and charitable foundations are the primary issuers of grants, businesses and other organisations can also offer funding opportunities.

Grants can cover a wide range of initiatives, from research and development to community development and sustainability. Grants can cover anything from the replacement of physical equipment or the upgrade of facilities to staff training and development programmes.

Despite common belief, grants aren’t exclusively reserved for nonprofits or charitable causes. Businesses, regardless of size or industry, can also qualify for grants. Whether you’re a startup looking to innovate, a small business seeking expansion opportunities or a corporation aiming to fund research and development projects, there are grants out there to meet your specific needs.

Grants are generally split into different functions and areas, with the most relevant for start-ups  being new business funds:

Businesses are eligible for new business start-up funds if they’ve been in operation for less than two years. Often these grants cover capital expenditure and one-off costs, such as buying equipment, software or hardware.

Growing businesses, typically those that have been trading for three to five years, can also access grants to help expand the business, provide training to staff or update property or premises with newer, more sustainable features. There are also grant opportunities for small businesses that have been in operation for more than five years.

These grants are often available as part of national initiatives to support new businesses and help the UK meet its carbon reduction targets.

How could a grant help your business?

Grants serve as a lifeline for many start-ups . By securing grant funding, start-ups can get around financial constraints, invest in research, develop and launch their products or services more widely, expand into new markets and do more to support their local community.

As an extra benefit, grants often also come with non-financial benefits such as networking opportunities, mentorship and access to knowledge and expertise.

While the prospect of securing grant funding is enticing, the application process can be daunting. Understanding the typical application process is crucial to increase your chance of success.

Navigating the grant application process comes with its fair share of challenges. From fierce competition to strict eligibility criteria and complex application requirements, start-ups need to be prepared for a decent amount of work. And, of course, securing grant funding isn’t guaranteed and rejection is a common reality. However, viewing rejection as an opportunity for feedback can ultimately help you strengthen future applications.

To find grants in the first place, you’ll have to do some research. Finding the right grant for your business and your goals can be challenging. They’re not always widely advertised or easy to find online. Knowing where to look speeds the entire process up, which is why many start-ups turn to a specialist grant finding and writing service  for support.

Of course, once you find the right grant for you, you’ll need to be able to write a compelling proposal that meets the grant’s aims and criteria. This can involve a lot of work, gathering the necessary documents and information and bringing it all together into an application that really sets your proposal apart from others. Here’s another reason to seek the support of a specialist service provider who knows exactly how to bring your proposal to life.

While applying for a grant may seem daunting, there are a few ways you can smooth out the process and increase your chances of success:

At Tender Response we have a team of expert grant writers who can help you with every step of the process, whether that’s finding suitable grants for businesses , writing your proposal or proofreading your work.

Our grant finding service is completely free and helps start-ups find suitable grants for their business and industry. All you need to do is fill in this form and book a call with a member of our team. The results of our search are completely free and are yours to keep with no commitment to use our services for your application.

Our full, expert grant writing service starts from £450 per day and proofreading is from £350 per day. We also offer discounts for charities, not-for-profits, CIC and individual grant applications.

Why not speak to the team today and let us help you find, respond and win the grants you’re eligible for?

admin@tenderresponse.co.uk
0203 9300 664