How common is it for a bank to award grants for small businesses?

It is virtually unheard of for banks to award grants for small businesses, as banks tend to rely on the lending model, rather than the giving model. Since grants do not require repayment, a bank has no financial incentive to give away money to any small business or individual, but if they offer loans, they can then collect interest on said loans and profit from the money lent. Grants are far more commonly issued by governments instead. So, anyone hoping to benefit from a grant programme should definitely look in that direction instead. If you need assistance with that, ring us up at 020 3880 8554 or submit the information request our web site’s email contact form to learn more.

There are hundreds of government funding schemes available for small business owners in the UK. In fact, our Funding Database currently has over 600 government funding schemes and over 500 private investors available for small business owners and startup entrepreneurs. What are you doing to take advantage of this? Become a member and start your search.

Take advantage of the Small Business Startup Assessment Tool below and see the tools and resources you need to succeed at starting your small business. It just takes 30 seconds and will also tell you if there may be any funding assistance available.

Be sure to look at the hundreds of daily questions and answers we have from entrepreneurs like you who want to learn more about starting a business, creating a business plan, searching for funding. Our small business experts take the time to answer each and every single question, so if you have something on your mind – we can help!

Need funding for your business?

Learn how you can get funding for your small business in the UK. It takes 30 seconds.