Government funding

Copyright © 2026 LexisNexis
Produced by a Tolley Corporation Tax expert
Corporation Tax
Guidance

Government funding

Copyright © 2026 LexisNexis
Produced by a Tolley Corporation Tax expert
Corporation Tax
Guidance
imgtext

There are many different government sources of finance for small and medium enterprises (SMEs) in the UK. These may be suitable for companies seeking lower levels of finance than is generally provided by private equity. This guidance note summarises key features of the main Government supported grant, lending and equity investment schemes for small businesses.

There are schemes on offer at both the national and regional levels. There are links to various other bodies offering financing to small businesses at the end of this guidance note.

State aid

Under the ‘level playing field’ provisions of the EU-UK Trade and Cooperation Agreement (TCA), the UK is permitted to establish its own state aid or subsidy control system. The framework for the regime was subsequently set out in the Subsidy Control Act 2022 and commences from 4 January 2023.

However, the application of EU state aid law (at least in respect of trading in goods) continues to apply in Northern Ireland, as set out in Article 10 and Annex 5 of the Northern Ireland Protocol. Government grants or loans in Northern

Continue reading the full document
To gain access to additional expert tax guidance, workflow tools, generative tax AI, and tax research, register for a free trial of Tolley+™
TAKE A FREE TRIAL NOW
Powered by Tolley+™
  • 10 Jan 2025 11:10

Home/ Tolley Tax Guidance/ Corporation Tax / Funding and expanding the business

Popular Articles

Value Added Tax

Exemption ― burial and cremation

Exemption ― burial and cremationThis guidance note provides an overview of the VAT treatment of services that are provided in connection with the burial or cremation of human remains.VAT treatmentThe following services are exempt from VAT:•the disposal of the remains of the dead•making arrangements

14 Jul 2020 11:38 | Produced by Tolley Read more Read more
Corporation Tax

Entity classification

Entity classificationImplications of entity classificationIf a subsidiary is established, it is important to determine how it will be treated for UK tax purposes as this will determine the basis on which it is taxed. A subsidiary may either be transparent (like a partnership, where the individual

14 Jul 2020 11:37 | Produced by Tolley Read more Read more
Owner-Managed Businesses

Capital allowances on cars

Capital allowances on carsSummary of capital allowances on carsThe current capital allowance rates applicable to cars are as follows:Pool typeDescription of carRateLegislationMain rate poolNew and unused cars with CO2 emissions of 50g/km and below 18%CAA 2001, s 104AASecondhand cars with CO2

14 Jul 2020 11:08 | Produced by Tolley Read more Read more