8th January 2016
Obtaining grant support for technology-led business growth just got a bit harder
Whilst central government reiterates laudable intentions to focus on support on “new and growing enterprises”, recently announced changes have made things worse – at least in the short term.
Following the Chancellor’s autumn statement there will be a restructuring of the government’s funding agencies, and there is considerable uncertainty about how small business support will operate as we move towards the 2016/17 financial year.
Grant support can provide significant financial advantage, risk mitigation and solid business impact. However, understanding and commitment are required to make them work: the offers are highly competitive, and need patience, detailed strategic business planning, knowledge of the latest proposal and delivery processes and a tolerance of bureaucratic control and reporting procedures.