Blackpool is a vibrant location for startups and small businesses in the UK, with a range of government Blackpool council grants and support programs available to help entrepreneurs start and grow their businesses.
The types of grants available to startups in Blackpool vary depending on factors such as the industry, the size and stage of the business, and the specific needs of the entrepreneur. Startup business government grants are an excellent resource for entrepreneurs looking to commence or grow their businesses in Blackpool.
This blog is all about the government grants available for startup businesses, eligibility criteria, applications, etc.
Lists of Blackpool Government Grants Available for Startup Businesses
There is a vast range of other government grant opportunities available for startup businesses in Blackpool. Here we are mentioning the lists of startup business grants in Blackpool.
Boost Business Lancashire
Boost Business Lancashire is a program designed to help businesses in Lancashire grow and thrive. It offers a range of support services and grants to businesses in the region, including those in Blackpool.
The program provides grants to eligible businesses to help them improve their operations, innovate, and grow. The grants can be employed for a range of purposes, including:
- Investing in new technology or equipment.
- Developing new products or services.
- Hiring and training employees
- Marketing and promoting the business.
- Improving the business premises.
Eligibility Criteria
Businesses must meet the given criteria to be eligible for a Boost Business Lancashire grant in Blackpool, such as:
- The business should be located in Lancashire.
- They have been trading for at least 12 months.
- Employ fewer than 250 people.
- Have a yearly revenue more than £50 million.
- Be able to demonstrate how the grant will help the business to grow and create jobs.
How to Apply?
To apply for the New Enterprise Allowance (NEA) scheme in Blackpool, follow these steps:
1. Check Your Eligibility
Before applying, ensure your business meets the eligibility criteria Boost Business Lancashire sets.
2. Register Your Interest
If you are eligible, the next step is to register your interest in applying for a grant. You can do this by filling in the online registration form on the Boost Business Lancashire website.
3. Attend an Eligibility Check
Once you have registered your interest, a representative from Boost Business Lancashire will contact you to arrange an eligibility check. This is a possibility for you to discuss your business and your grant proposal with a member of the team to ensure that your application meets the program’s criteria.
4. Submit Your Application
If you pass the eligibility check, you will be invited to submit a full application. You can do this through the Boost Business Lancashire online portal. Your application must include a detailed business plan, financial projections, and other supporting documentation.
5. Await the Decision
Boost Business Lancashire will review your application and make a decision about whether to award you a grant. If your application is approved, you will receive an offer letter outlining the terms of the grant.
Link Application
After submitting an application, for any other query, you can visit https://www.boostbusinesslancashire.co.uk/, or you can contact the government through the “Contact us” page on the UK gov website.
Start-Up Loans
Start-Up Loans is a UK government-backed scheme providing funding and support for individuals starting a new business in Blackpool and across the UK.
Under the Start-Up Loans scheme, eligible individuals can borrow between £500 and £25,000 to help them start or grow their businesses. The loans are unsecured, meaning that they do not require any collateral or security to be put up by the borrower. The interest rate on the loan is fixed at 6% per annum.
Eligibility Criteria
To be eligible for a Start-Up Loan in Blackpool, you must meet the following criteria:
- They must be 18 years or older.
- You must be a UK resident.
- You must start a new business or have been trading for over two years.
- You must not have any other sources of funding available to you.
In addition to the loan, borrowers also receive free business support and mentoring for up to 12 months.
How to Apply?
To apply for a Start-up Loan in Blackpool, the following are the steps:
1. Check Eligibility
Before you apply for a Start-Up Loan, make sure you meet the eligibility criteria. You must be at least 18 years old, a UK resident, and starting a new venture or have been operating for less than two years.
2. Find a Delivery Partner And Develop a Business Plan
You will need to develop a comprehensive business plan that showcases your business idea, market analysis, and other key details. You will need to find a delivery partner that covers your area and apply through their website.
3. Submit Your Application
Once you have developed your business plan and found a delivery partner, you can submit your application online. You must provide personal details about your business and financial projections, such as your name and address.
4. Attend an Interview
If your application is sanctioned, you will be invited to attend an interview with a business advisor.
Link Application
You can find the application form and further details about the Start-Up Loan scheme on the official website of The Enterprise Trust by visiting https://www.enterprisetrust.org/.
Conclusion
Starting a new business is challenging, but grants can reduce a significant portion of your stress. We can aid you in acquiring Blackpool business startup grants. We at Head45 can assist you not just with Blackpool business grants but also with the success of your small business in the digital age.
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