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Business Grants Hemel Hempstead

Where to find business grants in the local area.

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Hemel Hempstead Business Category

Hemel Hempstead Business Grants

Folder for grant applications

One of the most regular questions that we are asked is "what grants are available for new business start-ups?" and the truthful answer is that there are not as many as you would think.

However, as a grant does not need to be paid back, it is well worth spending a little bit of time to find out whether there is anything that you can claim.

As you will discover, the business grants that do exist generally come with certain conditions. These will not be interest rates or repayment schedules but are far more likely to be related to what type of business you are starting, where you are going to be located and whether you are going to create any new jobs.

How to find and apply for a grant

Before you begin searching for grants, clearly define your business's needs. Are you looking to launch a new product, expand operations, conduct research, or foster innovation? Different grants cater to various business aspects, so pinpoint your requirements to narrow down your search.

Starting or expanding a business often requires a substantial financial investment. While traditional methods of funding like loans and personal savings remain popular options, another avenue worth exploring is business grants.

Where to look

Business grants, where available, are funds provided by various organisations, including government agencies, private foundations, and corporations, to support entrepreneurs and businesses but don't forget that they are also designed to help them achieve their own objectives. A list of places to look can be found lower down the page.

How to win a grant
Thoroughly Read the Guidelines:
Each grant will have specific guidelines and eligibility criteria. Carefully read through these requirements and ensure your business qualifies before investing time in the application.
Prepare Required Documents:
Gather all necessary documents before starting the application process. Common requirements include a business plan, financial projections, details of key team members, and a clear description of how the grant will be used.
Craft a Compelling Narrative:
Your application should tell a compelling story about your business and its potential impact. Clearly communicate your business's mission, objectives, and how the grant will add value.
Demonstrate Alignment:
Showcase how your business aligns with the goals and objectives of the grant provider. Highlight the ways in which your venture contributes to economic development, job creation, or innovation.
Financial Clarity:
Provide a transparent and realistic budget detailing how you intend to utilise the grant funds. Demonstrating a clear financial plan increases your credibility and chances of approval.
Attention to Detail:
Pay close attention to formatting, grammar, and presentation. A well-organised and error-free application reflects your professionalism and dedication.
Letters of Support:
Obtain letters of support from industry experts, partners, or customers. These letters can bolster your application by providing third-party validation of your business's potential
Submit Early:
Don't wait until the last minute to submit your application. Technical glitches or unforeseen circumstances can arise. Submitting early gives you time to address any issues that might arise.

Applying for business grants is a competitive process, and rejection is a possibility. However, don't be discouraged by setbacks. Use any feedback you receive to improve future applications. Persistence and refinement are key to eventually securing the funding your business needs.

Sources of Help Finding Grants

The Gov.uk website
The Gov.uk website

The Gov.uk website has a section dedicated to finance and support for your business. It helps you locate government-backed support and finance for business, including: grants, finance and loans, business support eg mentoring, consultancy, funding for small and medium-sized businesses and start-ups. You can customise your search by location, size and activity.

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Your Local Authority
Your Local Authority

Your Local Authority has a vested interest inencouraging new businesses to be formed in the area. Not only is it good for the economy generally, you may be creating new jobs, and/oroccupying commercial property which will generate more income for them.Local Authority grants tend to be quite modest and often about £250-£500. You can find details of you local councils by using this Govenment search tool.

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Local Enterprise Partnership

Your Local Enterprise Partnership. Local enterprise partnerships are partnerships between local authorities and businesses.They decide what the priorities should be for investment in roads, buildings and facilities in the area. So far 39 local enterprise partnerships have been created. Look here for the full list and map of local enterprise partnerships.

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National Enterprise Network
National Enterprise Network

Your Local Enterprise Agency. The National Enterprise Network is a unique membership body representing business support organisations in the UK. Their local help finder will point you in the direction of an agency near you who may well be able to tell you whatgrants are available in the area.

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Prince's Trust Enterprise
Prince's Trust Enterprise

The Princes Trust can offer start up business finance if you decide to start up in business through our Enterprise programme. They can provide low interest loans of up to £4,000 for a sole trader and £5000 for a partnership - some people may be eligiblefor business grants too.

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GRANTfinder
GRANTfinder

GRANTfinder is a grants and policy database and includes details in excess of 8,000 funding opportunities. Services include access to: a flexibly searchable database; Newsflash service; deadlines listing; and Research Help Desk. What's more, and information is continuously updated.

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Start Up Donut
Start Up Donut

Start Up Donut website contains a comprehensive briefing which will give you a good idea of whether your start-up business is likely to be eligible for a grant - and whether such a grant is worth the effort involved in applying.

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Fund Map
Fund Map

Navigate your way to find grants or funding available to businesses in the UK.

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UK Business Funding Centre
UK Business Funding Centre

UK Business Funding Centre have a Funding Finder engine to explore funding schemes for your UK small business.

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Smallbusiness.co.uk
Smallbusiness.co.uk

SmallBusiness.co.uk contains articles and advice on how UK small businesses can get a government grant, along with helpful guides on the different types of business grants available to business owners starting and running a business.

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Free Funding Report

If you need to raise some money for your new or existing business and would like to know what options are open to you (without any obligation), please complete and submit this simple form.

Request our FREE report which explains all of these 'new' funding choices in simple English.

Your information will be treated in the strictest confidence and that we will not sell/share it with anyone else or bombard you with spam.

Hemel Hempstead Grants

STANTA (St Albans Enterprise Agency)
Those receiving support on the Herts Start-Up Programme may be eligible for a business grant: Start Up Grant of £1,000 for Businesses under 6 months old and £3,000 grant for businesses up to 3 yrs The grant can be used for expenses costs such as: marketingpromotional material (leaflets, business cards etc) website development professionallegal advice intellectual property advice software applications (such as Office 365 or accounts packages) The grant can’t be used for capital items such as equipment or vehicles. The grant works on the basis of matched funding, ie the proprietorbusiness spends a minimum of £2,000 ex VAT (start up grant), or £6,000 ex VAT (businesses up to 3 yrs old). The grant monies will be released (£1,000 for start-ups and £3,000 for new businesses) once 12 hours of advice and training have been completed and a receipt and proof of cost have been provided. Please contact us if you would like to be considered for a grant. Your application will take about 15 working days to consider and must include quotes from 3 suppliers. Expenditure can commence once the grant application has been accepted.
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How to find government grants
HM Government's site gov.uk contains a section dedicated to the finding of grants. This allows you to view a list of government grants that are currently available and a step-by-step process helps to narrow the options down to the grants that best suit you and your business.
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Community Investment Fund
The Community Enterprise Fund (CEF) supports community organisations in England and Wales with funding packages of blended loan and grant fund of up to 25k. The emphasis of the fund is impact in the community. You must have been trading for at least one year and operate for the good of your local community. this is part funded by the ASADA Foundation. For more information visit the SIB website or contact loans@sibgroup.org.uk.
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Local partners

We are happy to promote anyone who is prepared to offer friendly support to local start-ups.

Our local partners have been kind enough to help us and are keen to help you too.

Local help for startups

There is plenty of help for startups in Hemel Hempstead but where can it be found?

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