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    Last update 05/08/2024

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

    Pendle Council, UK, offers various resources to help startups and small businesses thrive, including access to grants and government-backed loans. This guide provides an overview of the opportunities, eligibility criteria, and how to apply.

    Grants

    Boost Lancashire Flying Start Programme

    • This program supports high-growth startups that are under three years old or haven't yet started trading and demonstrate ambition and growth potential.
    • Website: Boost Lancashire Flying Start Programme

    Other Business Grants

    • Pendle Council also provides information about other grant opportunities available for businesses through various organizations and initiatives. Visit their website for the latest updates.
    • Website: Grants for Businesses

    Government-Backed Loans

    Start Up Loan Scheme

    Where to Find Information

    Pendle Borough Council - Business Support

    Boost Lancashire

    • Lancashire's Business Growth Hub can provide further support and advice on funding options.
    • Website: Boost Lancashire

    Additional Links

    Important Tips

    • Research Thoroughly: Before applying, carefully review the eligibility criteria and requirements for each grant or loan.
    • Contact Boost Lancashire: Consider contacting Boost directly for guidance and advice on available grant programs.
    • Consult Government Websites: Check the UK government's website for additional funding options and support for businesses.
    • Website: UK Government - Business Finance Support

    Contact Information

    Pendle Borough Council

    FAQs about Grants and Loans for Businesses in Pendle

    1. Are there grants specifically for online businesses in Pendle?

    While specific grants for online businesses may be limited, broader programs from Pendle Borough Council and Boost Lancashire can support various business types, including online 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 per director, while Boost Lancashire grants typically cover high-growth startups.

    3. Am I eligible if my business is not yet registered?

    Some programs may require your business to be registered, while others might support pre-start businesses. Check the specific program requirements for details.

    4. What kind of business plan do I need?

    A detailed business plan outlining your business model, target market, financial projections, and growth strategy is usually required for application.

    5. How long does the application process take?

    The application timeline varies for each program. Contact the organizations directly for estimated processing times.

    6. Can I apply for multiple grants or loans?

    In some cases, you might be able to combine funding from different sources. Consult with the program providers for guidance on this.

    7. Are there any fees associated with applying?

    Most grant programs do not have application fees, but loan schemes might have arrangement or interest fees. Check the specific details for each program.

    8. What if my business is not in a "high-growth" sector?

    While some programs prioritize high-growth sectors, others might have broader eligibility criteria. Explore all available options to find suitable funding.

    9. Can I use the funding for marketing and advertising?

    Generally, funding can be used for various business expenses, including marketing, website development, and inventory. Verify specific allowable expenses with each program.

    10. 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.

     

    By utilizing these resources and seeking guidance from local business support organizations, you can find the most suitable funding solutions for your startup or small business in Pendle.

     

     

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