Government funding

By Tolley
Government funding

The following Corporation Tax guidance note 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
  • Community Investment Tax Relief
  • Links

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. Many of these schemes were introduced for the first time, or improved / extended previous schemes, in the Emergency Budget in June 2010.

There are schemes on offer at both the national and regional levels and financial support is also offered by other bodies such as the EU and Regional Development Agencies. 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 except those which are excluded because of state aid rules (eg agriculture, coal and steel). Lo

More on Obtaining finance: