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    Last update 19/07/2025

    2025 Government Grants and Loans for Start-Ups, Small Businesses, and Market Traders in Richmond upon Thames

    If you're a start-up, small business, or market trader based in the London Borough of Richmond upon Thames, there are several national and local funding options available in 2025. This guide provides an overview of current government-backed loans, local council support, and where to find up-to-date information.


    πŸ› Government-Backed Business Loan Schemes (UK-Wide)

    Although Richmond upon Thames does not currently offer its own exclusive government loan schemes, businesses in the borough are fully eligible to apply for these national programmes:

    Start-Up Loans (via British Business Bank)

    Offers loans of up to £25,000 for new and early-stage businesses, including:

    • Fixed low interest rates

    • Free mentoring and business planning support

    πŸ‘‰ https://www.startuploans.co.uk/


    Recovery Loan Scheme (RLS)

    While the original scheme is phasing out, certain lenders still offer modified versions of the RLS for growth capital or refinancing.
    πŸ‘‰ https://www.british-business-bank.co.uk/finance-options/recovery-loan-scheme/


    🏒 Local Business Support in Richmond upon Thames

    The council offers a range of business support services and resources through the Richmond Business Hub.

    Richmond Business Hub

    This platform includes information on:

    • Local grants and funding updates

    • Business mentoring and advice

    • Networking and training opportunities

    • Support for high streets and traders

    πŸ‘‰ https://richmond.gov.uk/business


    πŸ’‘ Additional Tips for Business Owners in Richmond

    Whether you're just starting or looking to grow, the following tips can help you get the most out of support resources:

    • Network with other local businesses – Join business forums, events, or chambers to stay informed about local funding and partnerships.

    • Leverage online platforms – National websites offer guides, templates, and grant databases:

    • Seek a mentor – A business mentor can provide guidance, help with decision-making, and keep you focused on long-term goals.


    πŸ“‹ Important Considerations When Applying for Grants or Loans

    βœ… Eligibility

    Each grant or loan scheme has specific requirements. Review these carefully before applying — factors might include your sector, location, number of employees, and intended use of funds.

    🧾 Application Process

    Grants and loans typically require:

    • A clear business plan

    • Recent or projected financial information

    • A proposal detailing how the funding will be used

    πŸ—“ Deadlines

    Most grant schemes have set deadlines or limited application windows. Set reminders to avoid missing out.


    πŸ“ž Contact and Further Information

    To access the most up-to-date and relevant opportunities:

    • Contact Richmond upon Thames Council directly for tailored business support and grant enquiries:
      πŸ‘‰ https://richmond.gov.uk/business

    • Explore the websites of local business support organisations, including chambers of commerce and growth hubs.

    • Search national opportunities using the Government’s Business Finance Support tool:
      πŸ‘‰ https://www.gov.uk/business-finance-support


     

     

     

    Frequently Asked Questions (FAQs)

    1. What types of business support does Richmond upon Thames Council offer?

    Richmond upon Thames Council offers a range of support services, including finance, grants, business advice, and access to resources through the Richmond Business Hub.

    2. Where can we find information on business support from Richmond upon Thames Council?

    Comprehensive information on available support services, including grants and advice, can be found on the Richmond Business Hub page. Link

    3. Are there specific government-backed loan schemes available in Richmond upon Thames?

    While there might not be specific schemes exclusive to Richmond upon Thames, businesses in the area can access several national schemes like Start-Up Loans and the Recovery Loan Scheme.

    4. What is the Start-Up Loan scheme?

    The Start-Up Loan scheme provides loans of up to £25,000 to help businesses get off the ground, including free business support. Start-Up Loans

    5. What is the Recovery Loan Scheme (RLS)?

    The Recovery Loan Scheme was designed to support businesses as they recover from the pandemic. While it is closing to new applicants, it might still be relevant for some businesses. Recovery Loan Scheme (RLS)

    6. What types of additional support does Richmond upon Thames Council offer?

    Richmond upon Thames Council offers business advice, training and workshops, and networking opportunities to connect with other local businesses.

    7. What should we consider before applying for a grant or loan?

    It’s important to check the eligibility criteria, prepare a detailed business plan and financial information, and be aware of application deadlines.

    8. How can we get tailored advice for our business needs?

    Contact Richmond upon Thames Council directly to get tailored advice based on your specific business needs.

    9. Where else can we find information on grants and support?

    Explore the websites of local business support organizations and check the UK government’s business support website for national grants and schemes.

    10. Why is it important to network with other local businesses?

    Networking with other local businesses can lead to valuable information, support, and potential collaborations that can benefit your business.

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