Whether you’re just getting started or already established, the government provides various forms of support for small businesses. From mentoring and grants to building capabilities, all aim for the success of these enterprises. Government support for small businesses focuses on enhancing your skills, and knowledge, and backing innovative business initiatives. While grants are accessible, it’s important to note that many of them require co-funding. This implies that you’ll need to invest at least an equal amount of money to match the grant you receive.
Tip
If your primary goal is financial gain, getting an investor on board could be a more favourable choice.
What am I eligible for?
The opportunities available for application largely depend on the specific industry you operate in and the stage of your business.
There are several initiatives designed to assist you in:
- Enhancing your capabilities through business advice, mentoring, and connecting you with new networks.
- Obtaining guidance and support for exporting or entering new markets.
- Driving innovation and developing new products and services.
- Securing funding for research and development (R&D) endeavours.
To gain an understanding of your eligibility and determine the most beneficial options, it is recommended to register with the Regional Business Partner Network. By doing so, an advisor will assist you in exploring the various forms of government assistance that can provide the greatest return on investment for your business.
Grants and help for your new business
Grants and help for your established business
Government help for small businesses[PDF]
How can I apply?
What could have the most significant impact on your business is often something you may not have been aware of previously. In many cases, the first step to take is reaching out to your local chamber of commerce or regional business partner to discuss the eligibility criteria for your business. Certain grants and programs can only be applied for once this initial contact has been made.
It’s essential to carefully consider the potential benefits of applying in comparison to the effort required. Most grants and initiatives involve a formal application process, which demands time and preparation. Alongside the investment of your time, there may be associated fees or other costs involved.
During the application process, you will need to be able to demonstrate:
- Your business plan.
- A track record illustrating your business’s financial performance.
- A compelling business case for the funds or services you are applying for.
- Market research and validation if you are a new business.
Contact details — Regional Business Partner Network
Tips and advice on business planning
Are you struggling with accounting and business management for your business? We are here to help! Get in touch with us to discuss how our expert services can support your business’s success. Contact us today to schedule a free consultation and see how we can add value to your operations. Please find us on Facebook | Linkedin | Instagram – Follow us and give us a like to see more updates and news.