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    Last update 27/07/2024

    Business Grants and Support in Tower Hamlets

    Tower Hamlets Council is a great starting point for exploring business grants and support in the area. They offer a range of resources and initiatives to help businesses thrive.

     

    Key Resources

    • Tower Hamlets Council Business Support: This page provides information on various support services, including grants, advice, and training.

    • Tower Hamlets CVS: This organization offers a variety of grants and support programs for businesses and community groups.

     

    Potential Grant Types

    While specific grants can vary, here are some common types of business support you might find in Tower Hamlets:

    • Start-up grants: To help new businesses get off the ground.
    • Growth grants: To support businesses expanding their operations.
    • Innovation grants: To encourage research and development.
    • Sustainability grants: To support eco-friendly initiatives.
      • Tower Hamlets SME Energy Improvement Grants - Carbon Copy (carboncopy.eco)
    • Community grants: For businesses with a strong community focus.

     

    Additional Support

    Beyond grants, Tower Hamlets offers a range of other business support services, including:

    • Business advice: One-to-one support from business experts.
    • Training and workshops: Develop new skills and knowledge.
    • Networking opportunities: Connect with other local businesses.

     

    Key Government-Backed Loan Schemes

    Here are some of the most common government-backed loan schemes in the UK:

    • Start-Up Loan: This scheme provides loans of up to £25,000 to help businesses get off the ground. It includes free business support.

    • Recovery Loan Scheme (RLS): This scheme was designed to support businesses as they recover from the pandemic. While it's closing to new applicants, you might still be eligible.

    For additional grant options, you can explore:

     

    Important Note

    It's essential to check the eligibility criteria and application process for each grant or support program.

    To find the most up-to-date information and specific grants relevant to your business, I recommend:

    • Contacting Tower Hamlets Council directly for tailored advice based on your business needs.
    • Exploring the websites of local business support organizations.
    • Checking the UK government's business support website for national grants and schemes that might apply.

     

    Frequently Asked Questions (FAQs) - Business Grants and Support in Tower Hamlets

    1. What types of business support does Tower Hamlets Council offer?

    Tower Hamlets Council offers a range of support services, including grants, business advice, training, and workshops to help businesses thrive.

    2. Where can I find information on business grants and support provided by Tower Hamlets Council?

    You can find detailed information on business grants and support on the Tower Hamlets Council Business Support page. Link

    3. What kind of support does Tower Hamlets CVS provide?

    Tower Hamlets CVS offers a variety of grants and support programs for businesses and community groups. Link

    4. What are the common types of grants available in Tower Hamlets?

    Common types of grants include start-up grants, growth grants, innovation grants, sustainability grants, and community grants.

    5. What is a start-up grant?

    A start-up grant helps new businesses get off the ground by providing the necessary financial support to begin operations.

    6. What is a growth grant?

    A growth grant supports businesses that are expanding their operations, helping them to scale up.

    7. What is an innovation grant?

    An innovation grant encourages research and development within businesses, fostering innovation.

    8. What is a sustainability grant?

    A sustainability grant supports eco-friendly initiatives, helping businesses to implement green practices.

    9. What is the Tower Hamlets SME Energy Improvement Grants - Carbon Copy?

    This is a specific sustainability grant aimed at helping small and medium-sized enterprises (SMEs) in Tower Hamlets improve their energy efficiency. Link

    10. What other support services are available beyond grants in Tower Hamlets?

    Other support services include one-to-one business advice, training and workshops, and networking opportunities to connect with other local businesses.

    11. 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. Link

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

    The Recovery Loan Scheme was designed to support businesses as they recover from the pandemic. While it's closing to new applicants, businesses might still be eligible. Link

    13. Where can I find more government-backed loan options and grants?

    You can explore more options on the UK Business Finance and Support website. Link

    14. How can I get tailored advice for my business needs?

    Contact Tower Hamlets Council directly for tailored advice based on your business needs. They can provide specific information and guidance.

    15. What should I consider before applying for a grant or loan?

    It's essential to check the eligibility criteria and application process for each grant or support program to ensure that you qualify and understand the requirements.

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