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    Last update 05/08/2024

    Grants and Loans for Startups and Small Businesses in Braintree, UK

    Braintree District Council offers several resources to help startups and small businesses in the region access grants and government-backed loans. This guide provides an overview of the opportunities, eligibility criteria, and how to apply.

    Grants

    Councillor's Community Grant Scheme

    • This scheme provides funding to local projects and initiatives that benefit the people of Braintree District. While not directly aimed at businesses, some projects may be eligible if they have a community focus.
    • Website: Councillors' Community Grant Scheme

    Rural England Prosperity Fund

    • The council has recently announced a £558,000 cash boost for businesses and community groups in rural areas through this fund. Nineteen organizations will receive funding between £10,000 and £50,000 to help them deliver projects in rural areas.
    • Website: Rural Businesses and Communities Funding

    Government-Backed Loans

    Start Up Loans

    • Braintree District Council partners with the Prince's Trust to offer free support and advice, and access to business grants and loans for people aged 18 to 30 who want to start their own business.
    • Website: Start Up Loans

    Let's Do Business Finance

    • The council works with Let's Do Business Finance, which is an accredited delivery partner for the Start Up Loans Company, to offer loans and additional business support.

    Additional Resources

    Business Growth Services

    Where to Find Information

    Business Growth Services

    • For comprehensive information on funding opportunities and support services, visit the Braintree District Council website.
    • Website: Business Growth Services

    Additional Links

    Important Tips

    • Research Thoroughly: Before applying, carefully review the eligibility criteria and requirements for each grant or loan program.
    • Contact Local Authorities: Reach out to Braintree District Council for the latest information on available grants and loans.
    • Consult Business Support Organizations: Organizations like the BEST Growth Hub can provide guidance and advice on funding options.

    Contact Information

    Braintree District Council

    FAQs about Grants and Loans for Businesses in Braintree

    1. Are there specific grants for tech startups in Braintree?

    While Braintree District Council does not offer specific grants for tech startups, broader programs like the Rural England Prosperity Fund can support various business types, including tech ventures.

    2. How much funding can I get through these programs?

    Funding amounts vary depending on the program. For example, the Start Up Loans offer up to £25,000, while the Rural England Prosperity Fund provides grants between £10,000 and £50,000.

    3. What if my business is in an early ideation phase?

    Start Up Loans cater to pre-start and early-stage businesses. These loans provide not only financial support but also mentoring to help develop your business idea.

    4. How long does the application process take?

    The application timeline varies for each program. Contact the respective organizations for specific timelines.

    5. Can I apply for multiple grants or loans?

    In some cases, you might be able to combine funding from different sources. It’s advisable to consult with the program providers for guidance on combining multiple funding streams.

    6. What types of projects qualify for the Rural England Prosperity Fund?

    Projects that focus on fostering economic growth, community development, and improved rural infrastructure are typically eligible for the Rural England Prosperity Fund.

    7. What are the fees associated with applying for these loans?

    Most government-backed loan programs, such as Start Up Loans, do not have application fees. However, it's important to check for any potential costs or fees associated with other funding programs.

    8. Can funding be used for operational expenses like salaries and rent?

    Generally, funding can be used for various business expenses, including operational costs. However, each program has its specific allowable expenses, so it’s essential to verify with the program guidelines.

    9. Where can I get help with my application?

    Business support organizations and the council’s economic development team can offer guidance and assistance with your application, helping you navigate the process effectively.

     

    By leveraging these resources and seeking advice from business support organizations, you can find the financial support needed to start or grow your business in Braintree.

     

     

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