Government Funding For SMEs

Article posted by Frontline on Wednesday February 3, 2016

As an organisation, on a daily basis we speak with small and mid-sized businesses about their current challenges, future growth plans and how IT can help them manage this moving forward.

Whether we are speaking to a company about improving efficiency through business management software such as SAP Business One or Sage X3, discussing how employee time can be freed up by outsourcing IT support activities such as Server Support, or cloud solutions such as Office 365, there is always one common subject that keeps cropping up….business funding.

This blog takes a look at two government funding schemes available to SMEs.

Regional Growth Fund (RGF)

If you run a business and are looking for funding of less than £1million, you may be eligible. The Regional Growth Fund (RGF) was launched in 2010 and to date has invested more than £2.7billion in local businesses across England, with around 150,000 jobs created and an expected 500,000+ to be created by 2020.

Funding is available via RGF programmes run by national or local organisations offering grants or loans to businesses.

You can find out more about the eligibility criteria and also take a look at the RGF’s available within your region by clicking on the following link.

Business Finance Support

There are numerous grants for SMEs that are available from the UK Government, Scottish Parliament, Welsh Assembly and the Northern Ireland Assembly, each with their own application process and qualification criteria.

There are currently around 500 schemes open ranging from ‘Funding for Training’ to ‘Incentives for Taking Occupancy in Town Centre Properties’ to ‘Funding for Business Growth’.

You can filter your search criteria by location, company size, business type and industry to find the right solution for your business using this tool.

Tags:
Funding, Government Grants, Regional Growth Fund, RGF, SME,