Corporation Tax

Government funding

Produced by Tolley
  • 14 Oct 2021 16:56

The following Corporation Tax guidance note Produced by Tolley provides comprehensive and up to date tax information covering:

  • Government funding
  • Enterprise Finance Guarantee (EFG)
  • Start-up loans
  • Enterprise Capital Funds (ECFs)
  • Government grants
  • Grant for Research and Development
  • Community Investment Tax Relief
  • Links

Government funding

There are many different government sources of finance for 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.

Enterprise Finance Guarantee (EFG)

The EFG provides financial assistance for businesses which would not otherwise qualify for a bank loan as they do not have the level of security required or a proven track record. It is available for businesses with a turnover of up to £41 million in all sectors but subject to certain exclusions. Loans of between £1,000 a

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