In reality these grants are more concerned with the protection or creation of employment. Grant levels range between 10% and 20% of overall project costs (up to 40% for SMEs), alternatively, between £2,500 and £7,000 per job created.
1) The purpose(s) for which the grant is being offered must be met by your project. The purpose may be very tightly defined e.g. ‘basic research into imaging technology for medical devices for blood screening’; or broad as in ‘increase productivity and/or employment’.
2) The size of your business. Some grants are only available to businesses of a certain size e.g. small or medium size businesses (SMEs). Often, even when open to businesses of any size, SMEs may receive favourable terms or special treatment.
(this list is indicative not exhaustive)
Grants for capital investment either from the United Kingdom or the European Union are almost invariably connected to the creation or sustaining of employment. It is therefore essential that you specify how many new jobs are to be created or, as a minimum, how many old jobs will be protected. Capital grants are usually only available where there will be regional or national benefit as a result of the project.
No. In the majority of cases a consultant is not necessary. Thus grants for export, training, consultancy and most other services may be applied for quickly and easily without assistance. However, in the case of grants for capital investment and research & development the application procedures are complex, and, more importantly, the rules applied by the issuing bodies are not transparent.
For the United Kingdom we have some 1,850 different grants on the databases provided by UK national organizations or European Union sources.
In addition, there are some 3,000 "grants" provided by local councils, economic development units, LEPs and other specific local bodies.