Growth Funding for Small Businesses

Growth Funding for Small Businesses

David Jemison

May 30, 2014
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1 min read

Earlier this week a client of ours happened to mention to us about a new government initiative that’s been put in place to provide up to £2,000 of matched funding for strategic advice to help small businesses grow.

Earlier this week a client of ours happened to mention to us about a new government initiative that’s been put in place to provide up to £2,000 of matched funding for strategic advice to help small businesses grow. As a growing small business ourselves, we didn’t waste any time in finding out more.

Eligibility

The acceptance criteria for the scheme is pretty straightforward. If you’re a UK-based business that’s been trading for over 12 months and have less than 50 employees, then it’s likely that you’ll qualify.The online sign-up process was simple, and within 10 minutes we received a call to arrange a meeting with a local advisor. As luck would have it, an appointment was available the very next day, and within a two-minute stroll from our office!The consultation session led us through which areas of our business might benefit most from strategic advice, and raised some interesting discussion points.From a client’s perspective, we were interested to hear that although the funding can’t be used towards website design and development, it can be used to fund consultancy for the implementation of a digital marketing strategy – a critical service that we advise all of our clients to implement.Following the consultation, you will then be in with a 75% chance of receiving one of the £2,000 ‘growth vouchers’ – the allocation of which are made at random, regardless of the outcome of the meeting. Fingers-crossed we get lucky!If you would like more information on the scheme then visit https://www.gov.uk/apply-growth-vouchers

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