Grant funding for UK small businesses is available from central government, local authorities, enterprise agencies and sector bodies. Here are the main options.
Innovate UK Smart Grants
Open to businesses with innovative projects with commercial potential. Grants typically 25,000 to 500,000 pounds covering 70% of eligible costs for SMEs.
Applications require a detailed innovation project description, market analysis and financial projections. Success rates are typically 10-15%.
UK Shared Prosperity Fund
Replaced EU structural funds. Administered through local authorities and combined authorities. Provides funding for business support and skills development.
Growth Guarantee Scheme
Government guarantees 70% of loans to qualifying lenders, enabling businesses to access finance that might otherwise be unavailable at better rates.
How to Find Local Grants
The Business Finance Guide on the British Business Bank website and your local Growth Hub provide the most current listings of available grants by location and sector. Terms change frequently so always check current availability.
