Tag Archives: UK

Limitations on Corporate Relocation Grants

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Corporate Relocation Grants can be a great boost to businesses. They allow you to move your business to where the money is to be made, into places like Kent in the UK. Businesses are not usually eligible for Corporate Relocation Grants if they are only intending to move their business to another area of the same country, as that is seen to be of limited beneficial impact upon a business. However, if you are relocating a business from overseas to the UK, then a Corporate Relocation Grant could be yours.

These grants are meant to be incentives which will attract companies to relocate from overseas to the UK and set up their businesses here. You may also find additional “sweeteners” on Corporate Relocation Grants if you move your business to certain areas of the UK, which need the industry or the economy to be revitalised. Existing UK organizations may also be eligible for Corporate Relocation Grants to allow them to move into these specified areas where industry, jobs and investment are needed.

All publicly funded schemes such as Corporate Relocation Grants are designed to encourage and develop business and commerce. Governments and other awarding bodies that give out these business grants know that businesses bring jobs and wealth to an area, so they are worth giving a helping hand to. These areas are also worth you considering for relocation of your business as you can be sure that a lot of investment will be ploughed into these areas; not just financial help, but technology, business and transport infrastructure too. Usually, there is a pattern of these initially deprived areas becoming the next big thing in terms of business location.

Corporate relocation grants are distributed through a variety of national and local government departments and agencies. Also, the European Commission is an important source of extra grants funding. They all offer different business grants for different reasons and to different types of businesses. The amounts you can get in these business grants may vary according to your circumstances or it may be a percentage or a lump sum which is awarded; again, this differs between business grants.

For each awarding body, there are specific areas they deal with and specific qualifications which businesses must go through. The UK is comprised of four individual countries (England, Scotland, Wales and Northern Ireland) and all may have different rules for corporate relocation grants. There will also be different rules for qualification of the business is intended to be relocated in one of the special areas where the government is especially keen to promote business and industry.

It’s a good idea that you do your homework first over corporate relocation. Find out the grants you want and who awards them. Make personal contact, if possible, with the grant provider before filling in the application forms.

There is no hard and fast rule on the time by which your application for a Corporate Relocation Grant will be accepted or denied. Generally, though, the more small-scale and local that the awarding body is, the more speedily they will be likely to make a decision. Some Corporate Relocation Grant schemes are always open; others are time sensitive, especially the ones relating to special interest areas as they are subject to change. So, when you’re researching Corporate Relocation Grants, be careful to meet any application deadlines and supply all of the information which is asked for, or your application may be rejected on a mere technicality; that is a real shame and you may have to wait a long time to get another chance to make an application. Don’t miss out – get your Corporate Relocation Grant organized today.

John McLean is an Business Development Executive with Locate in Kent. Locate in Kent has helped more than 440 companies relocate to or expand in Kent. The company’s free, confidential corporate relocation service includes information about business grants, sites and commercial property in Kent and Medway.

Small Business Grants: What You Need to Know

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Small business is categorized by its small capital, productivity, manpower and profit. Some of the small business start ups are self financed. But most of them are financed by borrowing of money. In order to prevent higher down payment of interest to banks, the Government of many countries provide the small business grant. The small business grant helps the entrepreneur to receive the principle amount without having to worry about the future repayment of it.

The small business grants help in boosting the growth of small firms since the financial aid received from is a stable and reliable source. Small business grants are mostly obtained from the national Government or from the state or local authorities. Some industrial organizations or established corporations also provide such grants but are not always desirable.

Small business grants provide limited funding. The funding is targeted in specific areas. The main area is principal amount where capital investment is very low or unavailable. Small business grants are also provided for business related to farming, fishery or husbandry. The small business grant is targeted towards funding for hiring of manpower or for purchasing of new machinery and other equipments. If a separate building is required then the small business grant is directed towards purchasing of the land and constructing of the required structure. For more established businesses, the small business grants provide financing for research and development and improvement of technology. Furthermore, small business grants are provided for small businesses with foreign exports to enhance international trade.

In order to avail the small business grant, a well drafted business plan is submitted to the Government or authority providing the grant. Usually the loan provider is the Small Business Administration. The borrower should clearly mention the areas where the grant money will be invested. It is expected that 50-85% of the grant money should be invested into the business. The small business grant is approved subjected to guarantee. Upon approval, the credit analysis is done and the final report is submitted to the business lender. The lender directly disburses the amount to the small business owner. The loan repayment is done on monthly installment basis to the business lender.

In the US, obtaining a small business grant for start up businesses is rare. It is provided only for selected category of businesses, especially those into higher technology. It is a time consuming procedure for the companies to obtain the small business grants. Hence such start up companies approach major corporations that provide the small business grants.

In UK, obtaining small business grants is relatively easier. The best source for small business grant in UK is the Princes Youth Business trust. They provide entrepreneurs aged 18-30 years with grants of £1500-£5000. For start up businesses, the trust provides £250 for marketing and research work. In order to qualify for the small business grant, the individual should prove the non availability of capital and ensure that no other organization has provided the required funding. Also the trust should be satisfied with the business plan that has been submitted by the business owner.

James Copper is a writer for http://www.bigstrategies.co.uk

Single Parent Government Grants Examined

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The fact is that there is a huge variety of government grants that have become available over the years and most people don’t even know about them, let alone how to qualify for them. Of them all, perhaps the most overlooked and least applied for, are the grants for single parents.

These aid packages are broken down into several sub-groups. These can include grants to help a single parent receive a formal college education, get assistance for heating bills during the winter and even help to pay for medical bills or day care.

Now to qualify for these type of single parent grant programs, you must at the very least be a single parent. You also must be a citizen of the country you are applying in. Keep in mind that it is the US, Canada and the UK where you are most likely to encounter these types of grant programs.

In the US, you must have a valid social security card and have valid proof that you are the parent and have custody of the child or children that you are applying for. Also there are special grants for Native Americans that require proof of membership of a tribe.

One of the most well known and often used is called (TANIF) which stands for “temporary assistance for needy families”. This grant is crafted as a parachute assistance program to insure that children are properly provided for in a single parent home.

Still one more of the popular government grants in the US is what is commonly referred to as a (Section 8 Voucher). This grant program is administered at the local level and deals with rent. If you qualify for this program you can then be put on a waiting list for discount housing, with the rent you pay being determined by your net income.

Author: Anthony Cheng
Article Source: EzineArticles.com
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