The European Commission unveiled plans to free up 100 million euros (142 million dollars) from the EU budget to provide credit to people wanting to set up small businesses.
When supplemented by funds from international financial institutions like the European Investment Bank group, the Commission said, around 500 million euros would be available for micro-credits.
The plan could help people struggling to find money because they are too young, have been unemployed or due to the credit crunch sparked by the global financial and economic crisis.
"This new facility will extend the range of targeted financial support to new entrepreneurs and help them to overcome the squeeze on credit," Commission President Jose Manuel Barroso told reporters.
Read more: http://www.eubusiness.com/news-eu/1244044932.35
www.ukba.co.uk
Showing posts with label grants. Show all posts
Showing posts with label grants. Show all posts
Monday, 15 June 2009
Tuesday, 9 June 2009
Improvements and Changes to Major Grant Programmes
Proof of Market funding is now available.
Small scale projects lasting between 3 and 9 months
To carry out desk based research into the commercial potential of an idea, funding between £5,000 and £20,000 available
Provide support at 60% of eligible costs (maximum project cost £33,000)
For companies with less than 250 employees, a turnover of less than £34M or annual balance sheet total (total assets net of depreciation) of no more than £29M.
Development project grants:
Grants up to 35% of the R&D costs maximum grant £250,000, for companies with up to 250 employees and a turnover of less than £34M or an annual balance sheet total of £29M.
NEW ELEMENT - Grant up to 40% (maximum grant £250,000) for companies with less than 50 employee's and a turnover of less than £7.5M or an annual balance sheet total of £7.5M.
Exceptional project grants
Couple of changes here:
NEW ELEMENT - Exceptional Research Projects lasting between 6 and 36 months
For the development of a new technology that is strategically important to an industrial or technology sector, between £100,000 and £250,000
Provide support at 60% of eligible costs
For companies with less than 250 employees, a turnover of less than £34M or annual balance sheet total (total assets net of depreciation) of no more than £29M.
Capital Investment and Staff Cost Support.
Remember that there are significant Grant Support Programmes for SME companies that want or need support for capital investment (land, buildings, infrastructure and capital equipment) and also to increase and grow the number of staff employed.
www.ukba.co.uk
Small scale projects lasting between 3 and 9 months
To carry out desk based research into the commercial potential of an idea, funding between £5,000 and £20,000 available
Provide support at 60% of eligible costs (maximum project cost £33,000)
For companies with less than 250 employees, a turnover of less than £34M or annual balance sheet total (total assets net of depreciation) of no more than £29M.
Development project grants:
Grants up to 35% of the R&D costs maximum grant £250,000, for companies with up to 250 employees and a turnover of less than £34M or an annual balance sheet total of £29M.
NEW ELEMENT - Grant up to 40% (maximum grant £250,000) for companies with less than 50 employee's and a turnover of less than £7.5M or an annual balance sheet total of £7.5M.
Exceptional project grants
Couple of changes here:
NEW ELEMENT - Exceptional Research Projects lasting between 6 and 36 months
For the development of a new technology that is strategically important to an industrial or technology sector, between £100,000 and £250,000
Provide support at 60% of eligible costs
For companies with less than 250 employees, a turnover of less than £34M or annual balance sheet total (total assets net of depreciation) of no more than £29M.
Capital Investment and Staff Cost Support.
Remember that there are significant Grant Support Programmes for SME companies that want or need support for capital investment (land, buildings, infrastructure and capital equipment) and also to increase and grow the number of staff employed.
www.ukba.co.uk
Friday, 15 May 2009
The Carbon Trust is offering £100m worth of interest free loans to SME businesses who invest in energy efficient plant and machinery
The scheme will be open to those looking for between £5,000 and £200,000, with the money being given out over the next two years.
“The size of the loan offered and its repayment period will be based on your projected CO2 savings, which will be assessed by the Carbon Trust,” explains the trust’s website.
Impressively, the application process has been sliced down to an average 10 days (the 763 businesses who secured loans last year had to wait four to six weeks). This is a far sight less time than the three to four months grants and other government-backed finance often take.
“Come and get it”, said Hugh Jones, director of solutions at The Carbon Trust. “There’s always been financial benefit from carbon saving but we are bringing it closer to home by offering the money interest free.”
The government increased the trust’s loan fund in this year’s Budget, meaning around twice the number of businesses should now be able to access the loans.
Tom Delay, chief executive of the trust, pointed out companies could reduce their energy costs by up to 20% by investing in energy efficient plant and machinery.
Find out more here: http://www.carbontrust.co.uk/energy/takingaction/about-loans.htm
www.ukba.co.uk
“The size of the loan offered and its repayment period will be based on your projected CO2 savings, which will be assessed by the Carbon Trust,” explains the trust’s website.
Impressively, the application process has been sliced down to an average 10 days (the 763 businesses who secured loans last year had to wait four to six weeks). This is a far sight less time than the three to four months grants and other government-backed finance often take.
“Come and get it”, said Hugh Jones, director of solutions at The Carbon Trust. “There’s always been financial benefit from carbon saving but we are bringing it closer to home by offering the money interest free.”
The government increased the trust’s loan fund in this year’s Budget, meaning around twice the number of businesses should now be able to access the loans.
Tom Delay, chief executive of the trust, pointed out companies could reduce their energy costs by up to 20% by investing in energy efficient plant and machinery.
Find out more here: http://www.carbontrust.co.uk/energy/takingaction/about-loans.htm
www.ukba.co.uk
Wednesday, 21 January 2009
Help for small businesses
Various funds have been made available for small businesses:
Working Capital Scheme
£10 billion available to assist companies with T/O less than £500 million, who are having Working Capital Problems.
50% is guaranteed by the Government
Enterprise Finance Guarantee Scheme
£1.3 billion earmarked for loans to companies with <£25 million T/O and the loans are between £1,000 and 1 million!!
Capital for Enterprise Fund
£75 million (£50m from Government) enables companies urgenbtly needing a cash injection to sell debt in return for a stake in the business. Firms with a turnover of <£50 million will be able to obtain equity and quasi equity investment of between £250,000 and £2 million.
http://www.ukba.co.uk
Working Capital Scheme
£10 billion available to assist companies with T/O less than £500 million, who are having Working Capital Problems.
50% is guaranteed by the Government
Enterprise Finance Guarantee Scheme
£1.3 billion earmarked for loans to companies with <£25 million T/O and the loans are between £1,000 and 1 million!!
Capital for Enterprise Fund
£75 million (£50m from Government) enables companies urgenbtly needing a cash injection to sell debt in return for a stake in the business. Firms with a turnover of <£50 million will be able to obtain equity and quasi equity investment of between £250,000 and £2 million.
http://www.ukba.co.uk
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