🚀 Apply for £10k+ grants with our Startup Launch Kit
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    Last update 27/07/2025

    2025 Grants and Government‑Backed Loans for Startups in Taunton Deane, Somerset, UK


    🌟 Introduction

    Starting or growing a business in Taunton Deane (now part of Somerset West & Taunton)? You're in the right place.

    This 2025 guide outlines the best grants, government-backed loans, and local business support available for new or early-stage businesses in the area — all with working links and up-to-date details.


    💰 Available Grants


    🔹 SWEF Enterprise Fund – Start‑Up Grant

    • Purpose: Help 18–30 year olds in Somerset launch their first business

    • Amount: Up to £500

    • Eligibility: Ages 18–30, living in Somerset/BANES/North Somerset, business in early or pre-launch stage

    • Use of Funds: Equipment, branding, training, tools, websites, insurance

    • Apply via:
      SWEF Start-Up Grant – Somerset CF
      Bath & North East Somerset – SWEF


    🔹 SWEF Enterprise Fund – Established Business Grant

    • Purpose: Support growth for businesses trading under 2 years

    • Amount: Up to £2,000

    • Eligibility: Ages 18–30, trading under 2 years, some sales history, based in Somerset/BANES/North Somerset

    • Use of Funds: Product development, expansion, booking systems, training

    • Apply via:
      SWEF Business Grant – Somerset CF


    🔹 Rural England Prosperity Fund (REPF) – Somerset

    • Purpose: Capital funding for rural businesses and community infrastructure

    • Amount: £7,500–£75,000 (50% match funding required)

    • Eligibility: Must be located in a rural area or “hub town” (e.g. Wellington, but not central Taunton)

    • Status: Open from 1 May to 19 September 2025 (or until funding is exhausted)

    • Apply via:
      Somerset Council – Rural Fund Info
      📧 Email: REPF@somerset.gov.uk


    💼 Government‑Backed Loans


    🔹 Start-Up Loans – British Business Bank

    • What is it? Personal loans up to £25,000 for businesses less than 2 years old

    • Extras: Free 12 months of mentoring

    • Apply:
      Start Up Loans – GOV.UK


    🔹 Recovery Loan Scheme (RLS)


    🏛️ Local Council & Business Support


    🔹 Somerset Council – Business Grants & Funding


    🔹 Heart of the South West Growth Hub


    🔹 Somerset Chamber of Commerce


    ✅ Eligibility Guidance



    📝 How to Apply – Step-by-Step


    1. Choose your scheme: Match your business stage and location

    2. Prepare documents: ID, proof of address, business plan, forecasts

    3. Draft a strong plan: Include goals, funding needs, and use of funds

    4. Apply online: Use links above for each scheme

    5. Submit evidence: Include invoices, quotes, or bank statements as required

    6. Follow up: Be ready for interviews or clarifications

    7. Receive funding: Spend according to grant rules (keep receipts)


    🧠 Additional Tips for Success


    • Be specific about how funds will help your business

    • Build a realistic and clear cash flow forecast

    • Attend local networking events and join a business support group

    • Connect with entrepreneurs via platforms like:
      Gmax Business Networking


    📬 Contact & Further Information



    ❓ Frequently Asked Questions (FAQs)

    (Extra spacing added for clarity)


    🔹 What grants are available for startups in Taunton Deane?
    SWEF Start-Up and Established Grants are ideal for 18–30-year-olds. The REPF scheme supports capital projects in rural or semi-rural areas.


    🔹 How much can I borrow with a Start-Up Loan?
    You can apply for up to £25,000 through the government-backed Start-Up Loans scheme.


    🔹 Is Taunton Deane eligible for Rural England Prosperity Fund?
    Most of Taunton is excluded, but nearby towns like Wellington may qualify. Check the REPF area map or contact Somerset Council.


    🔹 What makes a good business plan for funding?
    Include clear goals, cash flow projections, target markets, and how you'll use the money.


    🔹 Can I get help writing my application?
    Yes — contact the Heart of the South West Growth Hub or the Somerset Chamber for free guidance.


    🔹 How long does it take to get a grant decision?
    SWEF decisions are made monthly. REPF is on a rolling basis and may close early when funds are used.


    🔹 What documents do I need to apply?
    Typical documents include: photo ID, business plan, cost breakdowns, and financial forecasts.


    🔹 Where can I meet other entrepreneurs?
    Try free networking events through the Growth Hub or online at:
    https://www.gmaxcard.com/business-networking


     

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