The Small Business Grants Initiative is a monthly designed to help start-up and early-stage businesses in the UK become established and grow their operations into successful enterprises by awarding a grant of £5,000.
Every month, one business deemed by a panel of independent judges to be the most deserving will benefit from a package including a financial grant, as well as being featured on the Small Business Grants website as a monthly winner.
Winners will be start-up or fledgling companies that are judged to have the most potential in their sector, based on factors such as:
o Turnover growth;
o Key projects completed;
o Contracts won; and
o Partnerships forged.
In addition to the grant, winners will also benefit from editorial coverage exploring how they used the money; articles that offer an insight into how a cash injection can benefit small businesses and help them flourish.
The money can be used towards marketing the business offering, investing in technology, or perhaps taking on some part-time staff.
Small businesses in the UK that are actively trading, at least one year old and with a turnover between £50,000 and £500,000 annually may apply.
Small businesses are those that employ fewer than 50 staff. The business could be operating in any sector, for example a cafe, those operating a business from home, or perhaps managing a franchise.
Applications must be submitted by the end of each month. The next application deadline is therefore Saturday 30 June.