Funding Opportunities in Angus: Grants & Loans for Startups & Small Businesses

Angus, known for its entrepreneurial spirit, offers a range of funding options designed to support startups and small businesses. This guide explores the grants and government-backed loans available to help your business grow and succeed in Angus.

Grant and Loan Programs

Grants

Angus Council SME Start & Grow Business Grant
This grant, funded by the UK Government’s Shared Prosperity Fund, supports six key themes: Start-up, Resilience, First Employee, Market Development, New Property, and Growth. It offers small to large grants ranging from £500 to £7,000.
Learn more about the Angus Council SME Start & Grow Business Grant

Government-Backed Loans

Start Up Loans
Provides personal loans from £500 to £25,000, along with 12 months of free mentoring support, for individuals starting or growing a business in the UK.
Apply for Start Up Loans

Key Resources

Business Gateway Angus
Your local hub for business support and advice, offering guidance on funding options and application processes.
Visit Business Gateway Angus
Invest in Angus
The economic development arm of the council provides detailed information on funding opportunities and support programs available to businesses in Angus.
Explore Invest in Angus
Find Business Support
This Scottish Government website allows you to search for funding and support programs based on your location and business needs.
Search for funding on Find Business Support

Angus Council Contact Information

Website: Angus Council
Phone: +44 345 277 7778
Email: Contact forms are available on the council’s website.

Advice on Applying

Contact Business Gateway Angus: Begin by reaching out for tailored advice on suitable funding options and support through the application process.
Understand Eligibility Criteria: Ensure your business qualifies for funding by thoroughly understanding the requirements of each program.
Prepare a Compelling Application: Develop a detailed business plan and financial projections to strengthen your application.
Meet Deadlines: Ensure your applications are submitted before the deadlines to enhance your chances of success.

Frequently Asked Questions (FAQs)

What types of expenses can the Angus Council SME Start & Grow Business Grant cover?
- The grant can be used for costs associated with start-up, resilience, employment, market development, acquiring new property, and business growth.
Who is eligible for Start Up Loans?
- Individuals in the UK starting a new business or within the first two years of trading are eligible for this funding.
How do I apply for the Angus Council SME Start & Grow Business Grant?
- Applications should be submitted through the Angus Council website, with guidance available from Business Gateway Angus.
What support does Business Gateway Angus offer?
- They provide business planning, financial advice, and application support among other services.
Can I combine different grants and loans for one project?
- Yes, combining different funding sources is possible, but each must be used for different parts of your project as specified by the grant or loan conditions.
What should I include in my business plan when applying for funding?
- Your business plan should outline your business model, market analysis, competitive advantage, financial projections, and how the funding will be used.
Are there sector-specific grants available in Angus?
- While some grants may target specific sectors, many are broad in scope to support a variety of businesses.
How often can I apply for these grants and loans?
- You can apply as often as new opportunities arise, provided you meet the eligibility criteria.
What is the maximum amount I can borrow from Start Up Loans?
- You can borrow up to £25,000, subject to eligibility and approval.
Where can I find updates on new funding opportunities in Angus?
- Regular updates are posted on the Invest in Angus website and through Business Gateway Angus.

Leverage these insights to explore and utilize the funding opportunities available in Angus. For personalized guidance or to start your application process, contact Business Gateway Angus or consult the Angus Council's business support pages.

Value AD

CAN BE

ALTERNATIVE

INVESTMENT

What is Value Ad?

Value Ad is an innovative policy designed to foster a mutually beneficial relationship between two key groups: new businesses and service providers. This policy helps startups save significantly on essential services while enabling service providers to gain valuable traction and growth opportunities.

How is it a Win-Win Deal?

For New Businesses:

Cost Savings: Startups can save 50% to 80% on essential services such as website development and marketing. This means they don’t need to invest heavily upfront, making it easier to launch and grow their business.

Alternative Investment: The money saved through these discounts can be reinvested into other critical areas of the business, acting as an alternative investment that fuels further growth and development.

For Service Providers:

Initial Customer Base: Service providers, often tech startups themselves, can attract a significant number of initial customers by offering their services at a discounted rate. This helps them build traction and demonstrate value, which is crucial for attracting venture capital (VC) funding and other opportunities.

Marketing Efficiency: By providing affordable services, service providers do not need to spend heavily on marketing to acquire new customers. The discounted services themselves become a powerful marketing tool, bringing in customers who can spread the word and enhance the provider’s reputation.

Growth and Expansion: Attracting more customers through Value Ad helps service providers expand their client base and build long-term relationships, which can lead to increased revenue and business growth.

Alternative Investment for New Businesses:

For new businesses, the significant cost savings achieved through the Value Ad policy effectively serve as an alternative investment. Instead of spending large amounts on website development and marketing, they can leverage the affordable services provided by service providers. The saved funds can be redirected into other strategic areas of the business, enhancing overall growth and sustainability.

Benefits for Service Providers:

Service providers benefit from the Value Ad policy by gaining access to a ready pool of new customers who are drawn by the discounted rates. This initial customer base is crucial for:

Building Traction: Demonstrating product or service viability to potential investors.

Securing Funding: Enhanced customer traction and a growing user base can make the service provider more attractive to venture capitalists and other funding sources.

Market Penetration: Establishing a presence in the market quickly and efficiently without heavy marketing expenditures.

In Summary:

Value Ad is a strategic policy designed to create a win-win scenario for both new businesses and service providers. By offering significant discounts on essential services, startups can save and reinvest those savings, while service providers gain crucial initial customers and market traction. This mutually beneficial arrangement supports the growth and success of both groups, making Value Ad a powerful tool for business development and investment.

Value AD

CAN BE

ALTERNATIVE INVESTMENT