WHERE LOCAL BUSINESS GROWS

Using Grants to fund your business



Overview
 

A grant is a sum of money given to an individual or business for a specific project or purpose.

A grant usually covers only part of the total costs involved. However, as long as you keep to any conditions attached to the grant, you will not have to repay it or give up shares in your business.

Grants may be linked to business activity or a specific industry sector. Some grants are linked to geographic areas, eg those in need of economic regeneration.

The Process
 

Before you apply for a grant, you should ensure that you:

  • meet the conditions of the scheme
  • are ready to put up some of your own money
  • need the money for a specific purpose
  • don't start the project before you get an agreement in principle of funding
Making your proposal

When you have identified the right grant scheme for your needs, you will need to provide:
  • detailed project description
  • an explanation of the potential benefits of the project
  • a detailed work plan with full costings
  • details of your relevant experience and that of other key managers
  • completed application forms
You may also need to provide a business plan. There are a number of factors which could affect your eligibility for a grant:
  • the location of your business – some grants are given by local authorities or in areas of social deprivation or high unemployment
  • the size of your business – many grants are limited to businesses with fewer than 250 employees your industry sector
  • the purpose of the grant – grants are often awarded for a specific purpose, ie purchasing machinery, improving offices, increasing employment or developing markets

Pros and Cons
 

Pros

  • grants don’t have to be repaid and don’t count as debt
  • you don’t have to give up shares in your business

Cons
  • the application process can be time-consuming
  • there is a lot of competition
  • you may have to demonstrate progress of the project to the grant body
  • you may need to match funds, as grants do not usually cover the full cost of a project

Common Mistakes
 

Your application may be turned down if:

  • your area of research/work is not relevant to the body awarding the grant
  • you haven't explained how your research ideas will be put into action
  • your proposal or application makes statements that aren’t backed up with supporting facts
  • your research plan is unfocused and lacks clarity
  • you haven't communicated the impact of the work on the wider community and industry effectively
  • the information you have provided in the application is not up to date
  • you haven't clarified the importance of the funds to the project's success or failure
  • you can't prove that you have matched funds
  • you haven't proven your need for grant support
If your business is declined for a grant, you can ask for feedback on why the application was turned down to help with future applications.

If you can’t get a grant, it may be worth looking at other forms of finance.

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Around Town In the Huddersfield Live Hygge Tipi

Wednesday 15 November 2017

What better time to get together than Christmas? Around Town believe that connecting the business community of Huddersfield in its iconic locations and organisations is a brilliant way to share ideas, hear inspirational stories and have some FUN. Organised by Oli Smith, Michelle Crowther and Chris Buckley Around Town create memorable events every 3 months. 2018 plans are already underway; “as well as meeting at some amazing businesses we are walking Around Town in Spring - a fantastic way to get to know each other whilst experiencing some award winning locations and scenery in Huddersfield “ says Michelle And with Huddersfield Live December promises to be a memorable Around Town event. Hosted in the Hygge Tipi in St Georges Square, hear Sam Watt and Poppy Stahelin tell of the fabulous work the team at Huddersfield Live are doing and some of the stunning events planned for next year. Laura Drury sets the backdrop of how she formed the The Hygge Tipi and how it creates a convivial atmosphere for Huddersfield folk to mingle, drink mulled wine, and keep the winter night out in front of the log fire. All In the heart of Huddersfield. Tickets are limited and can be reserved FREE here. Chamber members old and new are very welcome. Around Town Events for 2018 confirmed. March 1st - Valli Opticians May 17th - Owen Scott Tailors May 25th - (Walk) Around Town - 15miles (approx) Breakfast Sarnies, The Kirklees Way, Finish in a Brewery!
Posted by The Alternative Board
Group supporting crisis-hit asylum seekers wins crowdfunding cash at Huddersfield SOUP

Friday 10 November 2017

A charity that feeds and supports people fleeing war zones and violence gained a boost to its funds after winning the fourth Huddersfield SOUP event at The Media Centre. Destitute Asylum Seekers Huddersfield (DASH) was one of four good causes to pitch for audience members’ £5 entry fees at the packed crowdfunding get-together at Café Ollo and was delighted to win £400. Mike Shaw, who presented a four-minute bid, explained how DASH provides hot meals and help with casework, health and education issues and language. He said: “We will spend this money well, it won’t last long. It will go on food, bus fares and essentials. It is wonderful to be in room full of people who care. Thank you for the generosity of the citizens of Huddersfield.” Huddersfield SOUP, which has been running for a year, is based on an American concept in which four people pitch, four questions can be asked of each presenter and then the audience must vote for their favourite – as well as enjoying a bowl of warming soup, a bar and live music. The Media Centre’s Chief Executive, Brent Woods, said: “This was another great SOUP event with original, emotive pitches. The atmosphere was buzzing and there was plenty of opportunity for participants to meet new people and make connections. Big congratulations to DASH, our worthy winner.” Other people to pitch were: • Rachel Devereux who wants to develop her idea of ‘emergency bears’ for families to keep in their cars so that if there is an accident, paramedics can scan the bear electronically to receive important information about children on board. • Victoria Callum-Ward who is organising a Winter Pride event at Tokyo in Huddersfield to raise money for the Hands Off HRI campaign. • Sam Booth who talked about Crowns For Courage, her initiative to offer confidence-boosting head henna tattoos to women who have undergone chemotherapy and lost their hair. The event was compered by Rebecca Winwood, Zephyr Bar and Kitchen provided delicious pumpkin and pea and ham soups and Clint Junior, booked through Small Seeds acoustic nights, sang and played guitar. Those seeking help from DASH include women fleeing forced marriage and domestic violence, gay men facing persecution and many escaping war zones and conflict. Often they don’t know if they will be allowed to stay in the UK and find it difficult to prove what they have been through. DASH operates from the Salvation Army premises in New Hey Road, Oakes. It has five part-time staff who are paid for through charitable trusts as well as over 50 volunteers. For more information about DASH or to donate, go to www.huddsdash.org.uk
Posted by Scriba PR Limited
2 results found 
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