METHODS OF FINANCE - Grants

Grants - Are fixed amounts of capital provided to business by the government or other organisations to fund specific projects. This could be in the form of actual monetary grants, subsidies and tax relief schemes.

This method of finance operates both on a national and regional level. This can be really useful for new small businesses.

Certain factors do come along with grants to see if you qualify for receiving one, such as;

1. Locate in an area of high deprivation
2. Provide employment
3. Reduce negative environmental impacts
4. Support a good cause

This is also good for businesses needing a large sum of capital to injected into their businesses.