Improvements and Changes to UK Business Grants

There have been some major changes announced to some of the nationally based grant programmes in the UK.

Proof of Market funding is now available. Small scale projects lasting between 3 and 9 months To carry out desk based research into the commercial potential of an idea, funding between £5,000 and £20,000 available Provide support at 60% of eligible costs (maximum > project cost £33,000) For companies with less than 250 employees, a > turnover of less than £34M or annual balance sheet total (total assets net of depreciation) of no more than £29M.

Development project grants:

Grants up to 35% of the R&D costs maximum grant £250,000, for companies with up to 250 employees and a turnover of less than £34M or an annual balance sheet total of £29M. NEW ELEMENT - Grant up to 40% (maximum grant £250,000) for companies with less than 50 employee's and a turnover of less than £7.5M or an annual balance sheet total of £7.5M. Exceptional project grants Couple of changes here: NEW ELEMENT - Exceptional Research Projects lasting between 6 and 36 months For the development of a new technology that is strategically important to an industrial or technology sector, between £100,000 and £250,000 Provide support at 60% of eligible costs for companies with less than 250 employees, a turnover of less than £34M or annual balance sheet total (total assets net of depreciation) of no more than £29M. Capital Investment and Staff Cost Support.

Remember that there are a number significant grant support programmes for SME companies that want or need support for capital investment (land, buildings, infrastructure and capital equipment) and also to increase and grow the number of staff employed.

For more details see our websites http://www.mgba.co.uk or http://www.straightfinance.co.uk


Originally posted by www.ukba.co.uk -- Posted By UK Business Advisors to Boost http://boost-your-buusiness.blogspot.com/2009/06/improvements-and-changes-to -major-grant.html Your Business on 6/09/2009 06:30:00 PM