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    Last update 24/07/2025

    2025 Grants and Loans for Small Businesses in West Devon, UK

    If you’re planning to start or grow a business in West Devon, you have access to a range of local, regional, and national funding options. This guide outlines verified grant schemes, government-backed loans, and business support available in 2025.


    Available Grants

    ๐Ÿ”น Devon County Council – Business Grants & Loans

    While West Devon Borough Council does not offer dedicated grant schemes, funding opportunities are managed at the county level.

    ๐Ÿ”— Devon County Council – Business Grants and Loans

    Schemes vary but may include:

    • Innovation & digital grants

    • Green and sustainability funding

    • Rural enterprise funding

    • UK Shared Prosperity Fund (via district councils)


    ๐Ÿ”น Business Information Point (BIP)

    Provides guidance on local funding, startup advice, and links to current grant programmes in Devon.

    ๐Ÿ”— Business Information Point – Funding & Grants


    Governmentโ€‘Backed Loans

    ๐Ÿ”น Startโ€‘Up Loans

    • Loan amounts: up to £25,000 per founder

    • Includes: Free 12 months of mentoring

    • Eligibility: UK-based startups (trading under 36 months)

    ๐Ÿ”— Start-Up Loans – Official Site


    ๐Ÿ”น Business Finance Support Finder

    Find suitable grants, loans, and equity finance based on your business type, stage, and location.

    ๐Ÿ”— GOV.UK – Business Finance Support Finder


    Regional Support Programmes

    ๐Ÿ”น Devon Growth Hub

    The Growth Hub is Devon’s central resource for business support. Services include:

    • Growth planning

    • Start-up mentoring

    • Access to funding schemes

    • Free events and workshops

    ๐Ÿ”— Devon Growth Hub – Get Support


    Local Council Support

    Although West Devon Borough Council doesn’t offer direct grants, they can assist with:

    • Business rates advice

    • Referrals to funding and support

    • Guidance on planning and licensing

    ๐Ÿ”— West Devon Borough Council – Business Support
    ๐Ÿ“ž Phone: 01822 813600


    Eligibility Guidance

    To determine which schemes you're eligible for:


    Application Process

    Here’s how to apply successfully for grants or loans:

    1. Define your funding needs: What’s the goal? What’s your budget?

    2. Match funding to your business using the listed resources

    3. Write a professional business plan with financial forecasts

    4. Apply online through verified portals (Start-Up Loans, GOV.UK, Growth Hub)

    5. Submit supporting documents like ID, financials, and projections

    6. Follow up and engage with any feedback or requests from the funding body


    Additional Tips for Success

    • Network locally through business groups and events
      ๐Ÿ”— Gmax Card – Business Networking Platform

    • Join newsletters from Devon Growth Hub, BIP, and the council

    • Attend workshops/webinars to improve funding knowledge and meet other entrepreneurs


    Contact & Further Information


    Frequently Asked Questions (FAQs)

     
    ๐Ÿ”น Does West Devon Borough Council offer business grants?
    They don’t offer direct grants but can connect you to schemes via Devon County Council or Devon Growth Hub.
     

    ๐Ÿ”น How much can I borrow through the Startโ€‘Up Loans scheme?
    Up to £25,000 per individual, with optional mentoring and fixed interest rates.
     

    ๐Ÿ”น How can I find funding relevant to my business?
    Use the Business Finance Support Finder to search based on your needs.
     

    ๐Ÿ”น What services does Devon Growth Hub provide?
    Advisory support, growth strategy development, funding application help, and events.
     

    ๐Ÿ”น Why is a business plan essential when applying for funding?
    A strong plan demonstrates your strategy, viability, and how the funds will be used.
     

    ๐Ÿ”น Can networking improve my funding chances?
    Yes – it can lead to investor introductions, grant awareness, and partnership opportunities.
     

    ๐Ÿ”น What should I include in my business plan?
    Market research, financial forecasts, business model, and clear use of funding.
     

    ๐Ÿ”น Are there local resources in West Devon for startups?
    Yes – including BIP, Devon Growth Hub, and Devon County Council.
     

    ๐Ÿ”น What’s the process to apply for a Startโ€‘Up Loan?
    Apply through Start-Up Loans, complete the form, and upload your plan and financials.
     

    ๐Ÿ”น How can I stay informed about new funding options?
    Subscribe to updates from Devon Growth Hub, BIP, and GOV.UK newsletters.
     

     

     

     

     

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