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    Last update 26/07/2025

    Grants and Government-Backed Loans for Startups in Torridge

    Starting or expanding your business in Torridge? This guide details the best local, regional, and national funding options available in 2025.


    Local Resources

    🔹 Torridge District Council – Growing Your Business

    Offers general business advice, support services, and referrals to regional funding programmes such as the Business BOOST bursary and UK Shared Prosperity Fund initiatives.

    🔗 Growing Your Business – Torridge District Council (startupgrant.co.uk, content.govdelivery.com, Torridge District Council)


    Government‑Backed Support

    🔹 Start‑Up Loans Scheme (UK Government)

    Loans up to £25,000 for eligible startups (under 24 months), including mentoring and fixed repayment terms.

    🔗 Start‑Up Loans – Official Website


    🔹 Business Finance Support Finder (GOV.UK)

    A smart online tool to find grants, loans, and equity finance tailored to your business’s sector, stage, and location.

    🔗 Business Finance Support Finder – GOV.UK


    Regional Resources

    🔹 Heart of the South West Growth Hub

    Supports businesses across Devon and Somerset with mentoring, funding advice, grants, and training opportunities.

    🔗 Heart of the South West Growth Hub (startupgrant.co.uk, heartofswgrowthhub.co.uk)

    Also includes Rural Grant Programme—offers grants up to £35,000 for businesses in North Devon and Torridge. (heartofswgrowthhub.co.uk)


    Additional Tips for Success

    • Define your funding needs clearly: outline the amount required and how it will be used.

    • Align funding to your business stage: use local and regional hubs to find support tailored for your size and sector.

    • Prepare a strong business plan: funders often require projections, goals, and resource allocation.

    • Build your network: events, peer groups, and online platforms like Gmax Card can yield referrals or funding advice.

    🔗 Gmax Card – Business Networking


    Torridge District Council Contact

    🔗 Torridge District Council – Official Website (startupgrant.co.uk, Torridge District Council)
    📞 Phone: 01237 428700


    Frequently Asked Questions (FAQ)

     
    🔹 What business support does Torridge Council offer?
    They provide guidance via their “Growing your Business” page and connect clients to regional schemes like Business BOOST and county-level grant programmes.
     

    🔹 How much can I borrow with Start‑Up Loans?
    Up to £25,000 per applicant, typically with flexible repayment and mentoring included.
     

    🔹 Where can I find tailored funding options?
    Try the Business Finance Support Finder on GOV.UK for grants, loans, and equity that suit your business.
     

    🔹 What support does the regional Growth Hub offer?
    The Heart of the South West Growth Hub offers funding advice, workshops, mentoring, and access to grant schemes in Devon and Torridge. (heartofswgrowthhub.co.uk, content.govdelivery.com, startupgrant.co.uk)
     

    🔹 Are there rural business grants available locally?
    Yes—the Rural Grant Programme provides capital grants up to £35,000 for eligible businesses in rural parts of Torridge. (heartofswgrowthhub.co.uk)
     

    🔹 Why is a business plan important?
    It demonstrates your organisation’s viability, strategy, and how funding will be allocated, increasing success in applications.
     

    🔹 Can networking help me secure funding?
    Definitely—connections from events or through platforms like Gmax Card often unlock referrals, funding leads, and collaborative opportunities.
     

    🔹 Who provides regional loan options beyond Start‑Up Loans?
    Beyond national schemes, the Growth Hub may refer your business to county-level or LEP-backed loan options depending on growth plans.
     

    🔹 How do I apply for a Start‑Up Loan?
    Visit startuploans.co.uk/apply and submit your business plan and projections.
     

    🔹 How do I stay updated on funding schemes?
    Subscribe to newsletters from Torridge District Council, Heart of the South West Growth Hub, and GOV.UK for alerts on new opportunities.
     

     

     

     

     

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