shadow shadow shadow shadow shadow
    Last update 05/08/2024

    Grants and Loans for Startups and Small Businesses in Blaby, UK

    Blaby District Council offers a variety of resources and programs to support startups, small businesses, and new businesses in the area. This guide provides an overview of the opportunities, eligibility criteria, and how to apply.

    Grants

    Grow Your Business with Free Grants and Digitalisation Support

    • Blaby District Council offers grants to help businesses create jobs, expand operations, and improve efficiency. These grants may include financial support for digitalization projects, marketing campaigns, and other business development initiatives.

    The Leicestershire Business Recovery Fund

    • Funded by the Leicester and Leicestershire Enterprise Partnership (LLEP), this fund is aimed at helping small and micro-businesses recover from the effects of the pandemic and future-proof themselves.

    Other Local Grants

    • There may be additional grant opportunities available through the Business Gateway Growth Hub and Creative Leicestershire.

    Government-Backed Loans

    Start Up Loans

    • This national scheme offers personal loans of up to £25,000 with a fixed interest rate of 6% for pre-start and early-stage businesses. You also receive free mentoring and support.
    • Website: Start Up Loans

    Where to Find Information

    Support and Advice for Businesses

    Grants and Funding for Local Businesses

    Business Gateway Growth Hub

    • The Growth Hub can provide further guidance and advice on funding opportunities and other business support services.
    • Website: Business Gateway Growth Hub

    Additional Tips

    • Research Thoroughly: Before applying for any funding, clearly define your business's needs and look for grants or loans that align with your requirements.
    • Contact Blaby District Council or Leicestershire County Council: Reach out to these councils directly to inquire about the latest grant opportunities and eligibility criteria.
    • Consult with Business Support Organizations: Organizations like the Business Gateway Growth Hub and Creative Leicestershire can provide guidance and advice on funding options.

    Contact Information

    Blaby District Council

    FAQs about Grants and Loans for Businesses in Blaby

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

    While Blaby District Council does not offer specific grants for tech startups, broader programs like the Grow Your Business grants 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, the Start Up Loans offer up to £25,000, while the Leicestershire Business Recovery Fund provides grants aimed at small and micro-businesses.

    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 Grow Your Business grants?

    Projects that focus on job creation, digitalization, marketing, and overall business development typically qualify for the Grow Your Business 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 leveraging these resources and seeking advice from business support organizations, you can find the financial support needed to start or grow your business in Blaby.

     

     

    We use cookies and similar technologies that are necessary to operate the website.Please read our cookie policy.

    We use cookies and similar technologies that are necessary to operate the website. Additional cookies are only used with your consent. We use the additional cookies to perform analyses of website usage and to check marketing measures for their efficiency. These analyses are carried out to provide you with a better user experience on the website. You are free to give, deny, or withdraw your consent at any time by using the "cookie settings" link at the bottom of each page. You can consent to our use of cookies by clicking "Agree". For more information about what information is collected and how it is shared with our partners, please read our cookie policy.

    • Required to run the website
    • Monitoring website usage and optimizing the user experience
    • Evaluation of marketing actions
    • Storage of your preferences from previous visits
    • Collecting user feedback to improve our website
    • Recording of your interests in order to provide customised content and offers
    Cookie Settings Accept