Getting a small business off the ground takes hard work, bright ideas and let’s face it – cash. But all too often, trying to figure out how to find grants for a business can send even the most intrepid entrepreneur on a wild goose chase. In this piece, we’d like to introduce you to the NatWest Swoop Grant Finder, which was developed specifically to help you identify and get matched to grant funding based on your business needs.
Introducing the NatWest Swoop Grant Finder
Finding grants for a small business is no easy task, but luckily, there are tools that could help like the NatWest Swoop Grant Finder tool, which matches you to funding opportunities that are right for your business. Plus, it’s free to use and there is no sign-up required. Some of the incredible benefits include:
• No lengthy searches – the NatWest Swoop Grant Finder finds you the most relevant grant funding based on your requirements.
• Connections – you can be introduced to equity investors and crowdfunding opportunities.
• Apply for grants – you can keep track of potential grants, and submit your application through a simple tool.
What is a business grant?
A business grant is a lump sum of cash awarded to a business, and is often funded by the government, regional authorities or other businesses. The purpose of a grant is to help a business reach its potential. Unlike other types of investment such as business loans or venture capital, with a grant there is usually no obligation to repay (or reward in the case of crowdfunding) those providing the money.
Why apply for a business grant?
If you successfully receive a business grant, one obvious benefit is that you’ll receive a welcome injection of funds to get your venture off the ground. In some cases you’ll have access to a one-off payment, and for other grants there might be structured funding milestones depending on the results you deliver. For example, innovation grants are usually given in stages as the business meets specific targets that they outlined in their proposal.
Not only that – in some cases you may be invited to an awards ceremony where you can network with industry leaders and build your contact book. Finally, if you’re awarded a grant, you can grow your business’s reputation and promote yourself as an award-winning entrepreneur on your social channels and wider marketing materials.
Where can you find government grants for new businesses? Whether you’re looking to boost your cash flow or pandemic-proof your business, here are some examples of small business grants funded by the government and other sources.
- Innovation grants. Government-backed innovation funding can be used to research and develop products or services.
- Regional grants. You could seek funding through a Local Enterprise Partnership (LEP), for example, whereby local authorities and businesses provide coordinated support for enterprises.
- National grants. Grants are available through national, UK-wide institutions such as The Prince’s Trust for young entrepreneurs) and the National Lottery Heritage Fund.
How to use the NatWest Swoop Grant Finder
You can find business grants using the NatWest Swoop Grant Finder in less than a minute. Simply complete the grant requirements form by sharing information about your business, such as your sector, company structure and how much funding you require. The NatWest Swoop Grant Finder will then match you to the most suitable grants based on your business profile and business needs. There is no sign up requirement and you can see the results immediately.
Naturally, other grant finders are available. For example, GOV.UK’s online grant finder can help you work out how to find government grants for your small business.
More guidance from Tyl Talks
Rome wasn’t built in a day, and we understand that building your business takes time, dedication and investment. Our Tyl Talks guides are there to help you on your journey. Below you can read some of our latest articles for small business owners like you.
This has been prepared by Tyl by NatWest for informational purposes only and should not be treated as advice or a recommendation. There may be other considerations relevant to you and your business so you should undertake your own independent research.
Tyl by NatWest makes no representation, warranty, undertaking or assurance (express or implied) with respect to the adequacy, accuracy, completeness, or reasonableness of the information provided.
Tyl by NatWest accepts no liability for any direct, indirect, or consequential losses (in contract, tort or otherwise) arising from the use of the information contained herein. However, this shall not restrict, exclude, or limit any duty or liability to any person under any applicable laws or regulations of any jurisdiction which may not be lawfully disclaimed.