Many people around the world, in fact, face the problem of trying to start a business. It is a classic dilemma: You have an idea to make money, but money is needed to start the business. It's a classic scenario "Catch-22". So, that is where a concession business government can come into play. It so happens that the UK is one of the best places in the world to start or expand a small business.
The good news about business grants from the government is that there are plenty of them out there. The bad news: You have to look and apply; they do not come after you. There are nearly two dozen different business awards in the UK. Therefore, we will see only some of them. First, there is the direct award in a program that will give some funds to pay part of the costs of training, product development, etc. Now, that's a key point: Share of the costs. It is rare for a grant to fully cover the costs of some aspects of their business, but embraces at least one portion.
Then there are grants that are much like a small business loan. The difference is that if the business fails, you do not have to pay it back. And then there are real commercial loans; They are called soft loans because the terms are very generous. The interest rate is usually quite low, even some free rate. Then you can get what is known as equity financing. With this type of gift, you do not pay the grantor back in cash but in shares in the company. In this case, the grantor is in your business as an investment; It is believed to have the potential to grow your business into something profitable, and that will mean that the stock it will increase in value.
Sometimes business grants in the UK are not money at all; having to do with skills. After all, many new companies often lack knowledge or skills in a particular area: Marketing, promotions, etc. Therefore, some subsidy programs have come to recognize this and offer free advice (or greatly reduced) on these critical issues. Then there is the question of resources. For some small business owners, not that they do not know what they are doing; It did not have the physical materials or perhaps a factory / store to develop your product or service. Therefore, some grants are made from raw materials to office equipment, etc. Going hand in hand with this type of grant is technology transfer. Very often, inventions or new and innovative processes are created by large companies or government laboratories. In the US, NASA was responsible for incredible advances in fuel cells, computers, etc. Therefore, sometimes large corporations or governments share these new developments with some small businesses as a means of helping both to start, and for the dissemination of technology.
Then there is the issue of not new technology, but simply the best way to do something. For example, a dozen people have a different way of laying bricks. However, one could do it better and more efficient. Over time, that way it will become the industry standard. This is also known as "best practices", and some companies will share these with start-ups to help them operate in the most efficient possible.