Business Grants

Business Grant Funding

A grant is a sum of money given to a business for a specific project or purpose.

A grant usually covers only part of the total costs involved and cannot usually be given retrospectively, if a project is already underway. However, as long as you keep to any conditions attached to the grant, you will not have to repay it.

Business development grants are available from a variety of sources, such as the government, European Union, local authorities and some charitable organisations.

These grants may be linked to business activity or a specific industry sector. Some grants are linked to specific geographical areas, e.g. those in need of economic regeneration.

However, it is important to remember that applying for a grant can be complex and time consuming. There is also a lot of competition and even if your business is eligible for a particular scheme or initiative, your application may not be successful.

E-mk has helped numerous clients to successfully apply for grant funding, usually linked to specific projects where we use our expertise to help develop winning growth strategies.

Manufacturing Advisory Service funding

SME manufacturers may be able to claim Manufacturing Advisory Service funding of up to £3,000 towards developing and implementing approved business strategy projects.

Approved projects will fall under two current categories:

  • Foundation – up to £1,000 and 50% subsidy towards basic improvement projects
  • Step-Change – up to £3,000 and 50% subsidy towards more complex projects

At each stage the business benefits are expected to increase.

E-mk’s advisers have extensive experience and expertise in starting, growing, funding and exiting successful manufacturing businesses. As a business strategy specialist, e-mk was one of the first companies to be registered as an approved MAS delivery partner.

Opportunities for funding assistance are rare today.  So, if you are an SME manufacturer planning to implement a new strategy to grow and improve your business, and you are located within reasonable travelling distance from Milton Keynes, contact us today to find out how we may be able to help you claim MAS funding for your project.