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    Last update 02/08/2025

    2025 Grants and Loans for Startups & Small Businesses in Runnymede, UK


    Introduction

    For startups and small businesses in Runnymede (including Addlestone, Egham, and Chertsey), this guide outlines the latest grant opportunities, government-backed loans, and local support schemes available in 2025. It explains eligibility, how to apply, and provides verified links to official resources.


    Available Grants

    🔹 Runnymede Business Boost


    🔹 Help to Grow: Management Course

    • Purpose: Government-backed 12‑week course to improve leadership and management skills.

    • Cost to business: Just £750 (Government covers 90% of fees).

    • Eligibility & Benefits: SMEs with 5‑249 employees; the course includes tailored mentoring and peer network access.

    • Info & Apply: Available on GOV.UK’s Help to Grow portal.
      Source info via Business Surrey Access to Finance guide (startupgrant.co.uk, businessrunnymede.com)


    Government‑Backed Loans

    🔹 Start Up Loans (British Business Bank)

    • Loan range: £500 to £25,000

    • Interest rate: Fixed 6%, including 12 months of free mentoring

    • Eligibility: UK residents aged 18+ with a business that is under three years old or in the planning stage

    • Apply via:
      https://www.gov.uk/apply-start-up-loan


    🔹 Growth Guarantee & Enterprise Finance Guarantee (British Business Bank)

    • Purpose: Allows SMEs to access finance (loans, overdrafts, invoice finance) even without full security.

    • Loan limits: Up to £1 million

    • How to apply: Through accredited lenders—find details on the British Business Bank website.


    Local Council Support

    🔹 Business Runnymede – Access to Finance


    Eligibility Guidance

    • Use the GOV.UK Business Finance Support hub for national support tools.

    • Contact the Business Runnymede / Economic Development Team for bespoke eligibility advice.

    • Local Growth Hub support is accessible via Surrey County Council and Business Surrey.


    Application Process

    1. Choose the relevant grant or loan program based on your needs and eligibility.

    2. Gather documents:

      • Business plan or growth proposal

      • Financial forecasts or revenue plans

      • Details of employees, trading address, and sector

    3. Reach out to Business Runnymede for application support.

    4. Submit your application via official forms or email.

    5. Await decision—grant programmes typically operate on a first-come, first-served basis.

    6. If awarded, follow funding rules and submit evidence (e.g. invoices, coaching attendance).


    Additional Tips

    • Network & Mentor: Platforms such as
      https://www.gmaxcard.com/business-networking offer excellent peer support and mentoring opportunities.

    • Act quickly on grant programmes that may close after funds are expended.

    • Prioritise match funding readiness – many grants require businesses to fund costs themselves before claiming reimbursement.


    Contact & Further Information


    FAQs – Grants & Loans in Runnymede


    🔹
    Are there grants available for online-only businesses?
    Runnymede Business Boost focuses on growth potential across sectors, including tech-based services. Online ventures may be successful if the criteria are met.


    🔹
    How much funding is available through local programmes?
    The Business Boost scheme offers up to £5,000. Help to Grow management courses cost £750 (90% government-funded). Start Up Loans may provide up to £25,000.


    🔹
    Can pre-start businesses apply?
    Yes — Start Up Loans support pre-start enterprises. Business Boost requires active trading within the borough.


    🔹
    Is a business plan required?
    For loans like Start Up Loans, yes. For Business Boost, you should demonstrate a clear plan for scaling or improvement.


    🔹
    How long does the application take?
    Grants and loans vary. Business Boost often processes within weeks; loans may take 2–4 weeks, depending on lender timelines.


    🔹
    Can I combine different schemes?
    Yes, if the terms and timing align, for example, a Business Boost grant and a Start Up Loan can be used together.


    🔹
    Are there any application fees?
    No fees apply to grants or Start Up Loans. Some commercial lenders may charge arrangement or interest fees under other programs.


    🔹
    Does my business need to operate in a high-growth sector?
    Business Boost prioritises sectors like cyber-security or low carbon, but many general SMEs are eligible. Other schemes support diverse types.


    🔹
    Can funds be used for marketing or website development?
    Yes, as long as expenditure aligns with scheme rules, grants and borrowing are often flexible in allowable use.


    🔹
    Where can I get help with grant or loan applications?
    Contact Business Runnymede, Surrey Growth Hub, or utilise mentoring from the Start Up Loans programme.

     

     

     

     

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