🚀 Apply for £10k+ grants with our Startup Launch Kit
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    Last update 21/07/2025

    Grants & Government‑Backed Loans in Hinckley & Bosworth (2025)


    Key Funding Opportunities

    🔹 Start‑Up Loans

    Government‑backed loans up to £25,000 with 12 months of free mentoring.
    🔗 Start‑Up Loans UK


    🔹 British Business Bank

    Offers a wide range of finance options, including business loans, equity finance, and guarantees.
    🔗 British Business Bank


    🔹 Hinckley & Bosworth Business Prosperity Grant 2025/26

    Capital grants ranging from £5,000 to £20,000, available at 75% funding, aiming to improve productivity, net-zero infrastructure, tourism, and diversification. Total fund: £100,000 (hinckley-bosworth.gov.uk, startupgrant.co.uk, Business Gateway Growth Hub)
    🔗 Business Prosperity Grant 2025/26


    🔹 Rural England Prosperity Fund (REPF)

    Capital grants from £5,000 to £22,500 for rural SMEs and organisations, currently open to applications (deadline 12 May 2025) (leicestershirecommunities.org.uk)
    🔗 REPF – Hinckley & Bosworth


    Local Support & Services


    How to Access Support

    1. Define your funding need—e.g. start-up costs, green upgrades, rural development.

    2. Match schemes to your need—select relevant grants and loans.

    3. Engage early—attend council and LLEP events or pre-application sessions.

    4. Prepare your documentation—business plan, financial forecasts, minimum two quotes, ID/address proof.

    5. Apply online or via forms on council or scheme websites before deadlines.

    6. Implement and report—use funding as intended, keep receipts, and submit progress reports as required.


    Contact Information


    📘 Frequently Asked Questions (FAQs)

     
    ▫️ What are the Business Prosperity Grant amounts?
    Grants from £5,000 to £20,000 at 75% funding, with a total fund of £100,000 for 2025/26 (Business Gateway Growth Hub, startupgrant.co.uk)

     
    ▫️ Who is eligible for the REPF?
    Small businesses and community organisations in rural parts of the borough can apply for £5,000–£22,500 (active-together.org, Hinckley Free Press)

     
    ▫️ Can I apply for both grants and loans?
    Yes—combining sources such as Start‑Up Loans, Prosperity grants, and REPF is allowed, provided eligibility is met.

     
    ▫️ What documents are needed?
    A clear business plan, cash flow forecasts, at least two competitive supplier quotes, and proof of identity and address.

     
    ▫️ Are workshops required before applying?
    While not always mandatory, attending council presentations or Business Gateway LLEP sessions is highly recommended.

     
    ▫️ How long do decisions take?
    Prosperity Grant decisions are made in June 2025, approximately one month after application submissions (startupgrant.co.uk)

     
    ▫️ Will support continue post-funding?
    Yes—the council and LLEP hubs offer ongoing mentoring, networking, and advice services.

     
    ▫️ Where can I learn more or get help?
    Visit the council’s Business Support pages or contact the Business Gateway via phone or web-shop support.

     

     

     

     

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