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    Last update 05/08/2024

    Grants and Government-Backed Loans for Startups and Small Businesses in Harlow, UK

    Currently, Harlow Council itself does not offer direct grants or government-backed loans for businesses. However, they provide guidance and information on various funding schemes that could benefit businesses in the area. Here are some options you might explore:

    Government-Backed Loans

    Start-Up Loans

    • This national government-backed scheme provides unsecured personal loans up to £25,000 for starting or growing a business. Along with the loan, you will receive 12 months of free mentoring and business support.
    • Website: Start Up Loans

    Recovery Loan Scheme (RLS)

    • This scheme provides financial support to businesses affected by the COVID-19 pandemic. Loans are available from £25,001 to £10 million per business.
    • Website: Recovery Loan Scheme

    Other Resources

    Harlow Business

    • This website provides information and resources for businesses in Harlow, including links to local and national business support programs and funding opportunities.
    • Website: Harlow Business

    Let's Do Business Finance

    NWES

    • Based at the Harlow Enterprise Hub, NWES provides free business support, training, and networking. They also offer assistance with accessing funding and grants.
    • Website: NWES

    Harlow Council Economic Development Team

    • This team is on hand to provide support and advice to Harlow-based businesses or those looking to relocate to the town. They can signpost you to available business support and assist with property searches, among other things.
    • Website: Harlow Council Economic Development

    Additional Tips

    • Research Thoroughly: Before applying for any funding, carefully research and understand the eligibility criteria and requirements of each scheme.
    • Contact Harlow Council's Economic Development Team: Reach out to them directly for guidance and information on available funding opportunities.
    • Network with Other Businesses: Connect with other local businesses and entrepreneurs in Harlow to learn about their experiences with funding and potential opportunities.

    Contact Information

    Harlow Council

    FAQs about Grants and Loans for Businesses in Harlow

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

    While Harlow Council does not offer specific grants for tech startups, broader programs like those offered by NWES and Let's Do Business Finance 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, Start Up Loans offer up to £25,000, while Let's Do Business Finance offers loans ranging from £25k to £100k.

    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 Business Growth Grant Scheme?

    Projects that focus on business growth, innovation, and job creation typically qualify for various business growth grants.

    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 exploring these resources and seeking professional advice, you can increase your chances of securing the financial support needed to start or grow your business in Harlow.

     

     

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