If you're a small business owner in the Tees Valley, chances are you've explored the usual funding options – loans, overdrafts, maybe even a bit of crowdfunding. But have you checked out what local grants are on offer?
Local grants are a surprisingly underused resource that can provide much-needed financial support – and the best part? They don't need to be repaid. These grants are typically awarded by local councils, business groups, and charitable organisations to help small businesses grow, innovate, and make a positive impact in their communities.
At HMB, we're all about helping you live long and prosper, and that includes making sure you know what funding options are available to help your business thrive. Whether you're just getting started or looking to level up, local grants can support a wide range of goals, including:
- Starting a new business – covering the initial costs of permits, licenses, branding, and promotional materials.
- Growing your team or operations – helping you take on new staff, expand your premises, or upgrade your equipment.
- Making improvements – from refurbishing your storefront to updating your technology, grants can ease the financial load.
- Going green – many grants are aimed at sustainability projects like energy-efficient lighting, solar panels, or greener manufacturing methods.
- Innovating and developing – if you're working on new products or services, grants can help fund research and development.
- Supporting your local community – if you're running a social enterprise or have a project that benefits the local area, there could be funding for that too.
Where to Start Looking
As Swoop Trusted Advisors, we have access to Swoop's Grant Finder – a powerful tool that allows you to search for hundreds of grants available to small businesses, based on your industry, location, and funding needs. It's a smart and simple way to see what you might be eligible for.
We also recommend checking in with your local council, chamber of commerce, or regional development agency. They often have the latest updates on what funding is available and how to apply.
How to Strengthen Your Application
The grant application process can feel a bit daunting – but it doesn't have to. Here are some tried-and-tested tips from us (and our friends at Swoop) to help increase your chances of success:
- Read the details carefully – Make sure you're eligible and understand what's required before you start.
- Get your documents in order – You'll usually need a business plan, financial statements, and recent tax returns. If you need help pulling these together, that's what we're here for.
- Write a strong case – Your grant proposal should clearly explain what your business does, why it deserves the funding, and exactly how the grant will be used. If you'd like to go the extra mile, we can connect you with an experienced grant writer.
- Don't delay – Many grants are awarded on a rolling basis, so the sooner you apply, the better your chances.
Let's Get You Funded
Grants can be a game-changer – giving your business the boost it needs to take the next step. At HMB, we're ready to help you navigate the options, prep a winning application, and maximise your funding potential.
Because your success is our mission. And as always – live long and prosper (preferably with a local grant in your back pocket).
www.hmbaccountants.co.uk/resources/funding