For various reasons, Cambridge is one of the greatest places to do business in the UK. The city boasts a welcoming business environment, access to support services and Cambridge city council grants options. It provides an excellent quality of life with a rich history and culture.

Grants provide funds to promote experimental projects and ideas and may encourage firms to create and attempt new things. grants can assist businesses financially, allowing them to fund initiatives, purchase equipment, recruit personnel, and cover other expenses. Cambridge city council grants can be a valuable source of financial assistance for small businesses and a variety of other benefits that can help them flourish and prosper.

If you want Cambridge city council business grants for your business, you must know the available options. This blog will list some of the available grants in Cambridge.

List of the Government Grants Available in Cambridge

Here is a list of Cambridge Council business grants in Cambridge:

Innovate UK Smart grants

Innovate UK smart grants is a responsive grants finance strategy. Its qualifying criteria and scope have been reduced to assist SMEs and their partners in developing innovative technologies with high potential for an economic return to the UK.

Innovate UK Smart grants can invest up to £25 million. Ideas must be distinct and original rather than simply disruptive within their sector.

Eligibility for Innovate UK Smart Grants

UK Innovate Smart grants are given to small and medium-sized firms (SMEs) in the United Kingdom that are working on innovative ideas that have the potential to have a substantial economic impact. The applicant must meet the following conditions to be eligible for a UK Innovate Smart grant:

  • Be a UK-based SME: The applicant must be registered and based in the UK small or medium-sized enterprise (SME).
  • Working on an innovative project: The project must involve the development of a novel product, process, or service that has the potential to have a major influence on the UK economy.
  • Project costs: The project’s eligible costs must be between £100,000 and £2 million.
  • Collective Projects: Collaborative initiatives are welcomed, however, a single SME may apply for funding.
  • Project duration: The project must be completed within 6 to 36 months.
  • Meet particular competition criteria: Each Smart grant competition has its own set of criteria based on the project’s focus area, market potential, and other needs. Applicants must ensure that their proposed project fits these requirements.

How to Apply for Innovate UK Smart Grants?

Please follow the procedures below to apply for an Innovate UK grant:

  • Check out the Innovate UK website to see which grants programmes are now accepting applications and which are best suited to your business.
  • When you’ve selected the best Cambridge city council business grants programme, read the guidance notes and application form thoroughly to ensure you understand the eligibility requirements, the evaluation procedure, and what’s required in the application.
  • Establish an account on the online application site for Innovate UK. You must create an account and submit some basic company information.
  • Fill out the application form with details about your company, the proposed project, and how you intend to use the grants.

Application Link

Have you completed the Cambridge Council business grants form? If you have any problems or need help filling out the business start-up grants Birmingham application, please contact us at support@innovateuk.ukri.org or 03003 214357.

Cambridgeshire and Peterborough Revenue Grant

If you are a small or medium-sized firm in Cambridgeshire or Peterborough aiming to scale and accelerate your growth, you may be eligible for grant money and strategic business growth support through Growth Works.

Along with strategic business growth, they provide up to 50% match funding with no upper limit. Grant amounts are contingent on employment creation as a result of your rapid expansion.

The Cambridge and Peterborough staff will work with you and guide you through the application process from start to finish.

Eligibility for Cambridgeshire and Peterborough Revenue Grant

The scheme is only open to Registered Limited Companies that employ at least three full-time employees in our area, and applicants must be able to demonstrate income generating by submitting copies of their accounts.

To qualify for grant financing, your company must be growing quickly or have strong growth potential, and it must also:

  • Have a total of 3-249 employees.
  • Be in Cambridgeshire or Peterborough
  • Balance sheet of less than £38 million
  • Annual revenue of less than £44 million

How to Apply for Cambridgeshire And Peterborough Revenue Grant?

Please complete the following steps to apply for the Cambridgeshire And Peterborough Revenue Grant:

  • Check out the Cambridgeshire And Peterborough Revenue Grant website to see which grant programs are now accepting applications and which are best suited to your business.
  • When you’ve found the best grant program, read the guidance notes and application form thoroughly to ensure you understand the eligibility criteria, the evaluation process, and what’s required in the application.
  • Fill out the application form with details about your company, the proposed project, and how you intend to use the grant monies.

Application Link

If you want to apply for the Cambridge and Peterborough Revenue grant or need any further assistance, you can visit cpcagrowthhub.co.uk. You clear all your queries with them.

Conclusion

Grants give financial assistance to fund initiatives, R&D, and other business needs. Getting Cambridge city council grants can give a business a competitive edge by allowing it to develop new products, services, or processes that set it apart from its competitors. It can also improve a business’s interaction with the local community. Our team at Head45 can help you get the Cambridge city council business grants for your business.

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