What is a Business Grant?

Grants are non-repayable funds or products disbursed or given by one party (grant makers), often a government department, corporation, foundation or trust, to a recipient, often (but not always) a non-profit entity, educational institution, business or an individual.

The grants listed below are aimed at the local business community, they will each have their own criteria, so it is worth taking the time to read what is eligible to be applied for.

Crowdfund Hertfordshire: Small Business Innovation Fund

Hertfordshire Local Enterprise Partnership and Visit Herts are working in partnership to offer small and micro businesses within the tourism, leisure, hospitality, retail, arts and cultural sectors the chance to unlock between £2000 and £5000 in match funding to help overcome the challenges of Covid-19.

The £200,000 Hertfordshire LEP fund will be administered by Visit Herts and delivered through the Crowdfunder Pay it Forward platform. Participating businesses will raise money for their project through pledges from their community and loyal customers. Once a business secures their target through the Crowdfunder campaign, successful applicants will be able to unlock between £2,000 – £5,000 in match-funding from the Crowdfund Hertfordshire: Small Business Innovation Fund.

To qualify, your business will need to be located in Hertfordshire and be a micro or small business primarily operating in tourism, leisure, hospitality, retail, arts or culture sectors. You will need to demonstrate that your business has been affected by Covid-19 and how you would use the funding to adapt your current business to either operate during lockdown, or to adjust to post lockdown measures. You will also need to clearly demonstrate that the adjustments you intend to make will help protect jobs directly within your business.

Find out more about the fund and business criteria by downloading the full applicant guidance document here. 

If your business is eligible and you are interested in getting involved, you can apply for the fund here.

Apply for a business support grant and find out about changes to business grants as a result of COVID-19 (Coronavirus)

Local small and rural businesses, and the retail, leisure and hospitality sector, can now receive grants to help with the ongoing costs of Coronavirus.  If you think you may be eligible visit https://www.welhat.gov.uk/coronavirus/business-rates to apply.

Hertfordshire SME Growth Loan Scheme


£200k – £500k.


  • Typically debenture (e.g. 2nd ranking behind bank)
  • Unsupported personal guarantee (partial)
  • Assignment of key person cover
  • Directors loan to be postponed

Arrangement fees

Yes, there are arrangement fees but no ongoing monitoring fee.

Interest Rate

Reflective of risk appetite.


Up to 5 years (may include capital repayment holiday)

Click here to find out more

Hertfordshire Business Expansion Grant Scheme

Grant Amount

£20k – £100k

Supporting Job Creation

Up to £15k per job created.

Support Available

Up to 40% investment.


For existing Hertfordshire based businesses only (no start-ups)


Some sector exclusions apply

Click here to find out more

The Future Fund Scheme

The Future Fund issues convertible loans to innovative UK companies with good potential, that typically rely on equity investment and are currently affected by Covid-19. The scheme, will help these companies through the current period of economic disruption and the recovery, so they are able to continue their growth trajectory and reach their full economic potential. The scheme is designed by government and delivered by the British Business Bank.

The Government has made £250 million available for the Future Fund, and will keep this amount under review. The scheme is initially open for applications from 20 May until the end of September 2020.

How it Works

Investor applies:

  • The investor, or lead investor of a group of investors, certifies they meet the scheme eligibility criteria and provides key investment details.

Company confirms:

  • The company confirms the accuracy of the investment application details provided, before submitting the full application.

Contract is finalised:

  • In the case of approved applications, all parties will execute an agreement (in the template form provided) and satisfy certain conditions set out in the agreement before the funds are released.


  • Companies must be UK-incorporated and if part of a corporate group, only the parent company is eligible.
  • Companies in receipt of the loans will be required to have previously raised at least £250k in equity investment from third party investors in the last five years.
  • Only eligible companies that can attract at least 50% of third-party investment will receive funding.
  • Companies cannot have any of their shares traded on a regulated market, multilateral trading facility or other listing venue.
  • The company must have been incorporated on or before 31st December 2019.
  • At least one of the following must be true for the company:
    • Half or more employees are UK based.
    • Half or more revenues are from UK sales.

For more information on the Future Fund eligibility criteria and applications process, see visit the Future Fund webpages here.

The Future Fund online platform will be open for applications from Wednesday 20th May.

Grants of up to £2,000* now available to help your business grow

What is it?

Get Growing is an ERDF and Hertfordshire LEP funded programme that support SMEs in Hertfordshire with growth potential.  This grant provides eligible companies with the opportunity to invest in their business.

Whether you are thinking about a project to increase sales, improving your website to access new markets or ensuring compliance to GDPR, this grant could potentially fund up to 50% of the project.

What’s eligible?

  • Business resilience & cyber security
  • New product development
  • Website development
  • Recruitment for hard to fill posts
  • What’s not eligible
  • Creation of a website for ‘business as usual’ purposes
  • Registration of patent, trade mark or copyright for ‘business as usual’ purposes
  • Product registration for ‘business as usual’ purposes

How to apply?

For more information visit:  hertsgrowthhub.com/get-growing-grant or call Herts Growth Hub on 01707 398168.

Business Payment Support Service

Enhanced support to businesses finding it difficult to make tax payments on time, including corporation tax, VAT, PAYE, income tax and national insurance contributions.

Fund Information

Funding Body:HM Revenue and Customs (HMRC)
Available Value:Discretionary
Application Deadline:None Specified


HM Revenue & Custom’s (HMRC’s) Business Payment Support Service takes the form of a helpline for businesses that expect to have difficulty in meeting their NIC or tax bills.

The Business Payment Support Service was introduced at the 2008 Pre-Budget Report against the background of a “credit crunch” crisis and the beginning of an economic recession affecting most advanced economies in the world.

In the Budget 2009: Building Britain’s Future , the Chancellor announced an extension to the service.  If the business anticipates making a trading loss in the current year, applicants should mention this when calling the helpline.  If the business is still viable, and HMRC agree the estimate of the loss, applicants can have the anticipated loss taken into account as part of any rescheduling of the Corporation Tax or Income Tax owed on the previous year’s business profits.

Depending on the size of the loss being claimed for, HMRC may have to ask for some evidence in support to consider.  However, HMRC will take a reasonable approach to the evidence asked for and look to settle the matter with as little fuss as possible.

Objectives of Fund

The aim of the scheme is to provide timely advice to those worried about being able to meet tax, National Insurance, VAT or other payments owed to HM Revenue & Customs. It is also to help advise those who anticipate that payments coming due will cause problems. The Service is designed to meet the needs of all businesses and individuals who are experiencing difficulties in paying the tax due in full and on time.

Value Notes

The Business Payment Support Service is a dedicated telephone helpline service designed to meet the needs of all businesses and individuals who are experiencing difficulties in paying the tax due in full and on time.

Who Can Apply

Any business in the United Kingdom, regardless of size or legal form, may use this helpline facility.


United Kingdom

Terms and Conditions

Apart from the requirement for it to be a new call, there are no further criteria.


The Business Payment Support Line is for new enquiries only.

Eligible Expenditure

When a business uses the Helpline it is wise to have the following information available to help HMRC deal with the call as efficiently as possible:

The tax reference number

Details of the tax that the business is, or will have, trouble paying;
when the business is expecting to be able to pay the tax.
The HMRC advisers will only ask for the information needed to make a decision.  They will review the circumstances and discuss temporary options tailored to the business’s needs, such as arranging for payments to be made over a longer period.

How To Apply

Enquirers can call the Business Payment Support Line on 0300 200 3835 seven days a week.

Contact HMRC for further advice and guidance.

Useful Links

Business Payment Support Service

Funding can be provided to any of the following businesses and is not an exhaustive list:

  • Beauty salons.
  • Franchises.
  • MOT services/garages.
  • Pubs.
  • Retail stores.
  • Dental practises.
  • Hotels.
  • Nail salons.
  • Restaurants.
  • Spa’s.
  • Manufacturers.
  • Wholesales.

Terms and Conditions

Full terms and conditions will be provided upon entry to the programme.


Although there are no restrictions stipulated in the programme, applicants are advised to contact the funding provider to discuss exclusions.

Eligible Expenditure

Funding can be provided for the following growth opportunities:

  • Purchasing inventory
  • Expansion and re-modelling
  • Equipment upgrades
  • Marketing and advertising
  • Cash flow

How To Apply

Applications are accepted to the programme on a rolling basis.

Applicants can apply to the programme via the website. A decision will be made within five working days.

Access to Work

Financial assistance is available to help organisations in Great Britain with any extra employment costs that result from employing a person with a disability.

Match Funding Restrictions

Match funding of a minimum of 20% of costs is required under some circumstances.

Eligible Expenditure

The money can pay for things like:

  • Adaptations to the equipment used
  • Special equipment
  • Fares to work if unable to use public transport
  • A support worker or job coach to help in the workplace
  • A support service for those who have a mental health condition and are absent from work or finding it difficult to work
  • A communicator at a job interview

The cost of moving your equipment if there is a change to location or job

View the guidelines.

Interested organisations should contact their Disability Employment Adviser at the nearest Jobcentre Plus.

Payment Procedure

Grants are usually paid in arrears for support that has already been purchased.

Manufacturing Growth Programme

Are you an SME Manufacturer who could benefit from a grant?

The Manufacturing Growth Programme (MGP) is specifically designed to help SME manufacturers access funding towards specialist external consulting and coaching support to help overcome operating challenges and grow the business.

How much is the grant?

Claim up to 35% of the total cost of our project (min grant £1,000; max £3,500).  The grant is now available in Hertfordshire, subject to eligibility.

What can I use it for?

To bring in external skills, coaching, mentoring or bespoke consultancy to drive growth.  Support is bespoke so you get exactly the assistance you need.

These are just some of the areas MGP can help you with:

  • Sales and Marketing
  • Quality systems
  • Supply chain development
  • Leadership and management training
  • Productivity and capacity
  • Innovation and R&D
  • Lean Manufacturing

Want more information?

Accessing the Manufacturing Growth Programme is quick and easy.  Contact Amanda Freeland at Amanda.freeland@egs.live or telephone 07973 946529.  The website is www.manufacturinggrowthprogramme.co.uk.

Low Carbon Workspaces

The Low Carbon Workspaces project provides support to help SMEs make energy efficiency changes to their premises or processes.

The project is being delivered by Ngage Solutions and has a countrywide focus.

The project is helping SMEs make energy efficiency changes, including with the support of grants. IN Hertfordshire it is expected to support 124 SMEs, provide grants to 124 SMEs and help bring about 880 greenhouse gas reductions.

Hertfordshire LEP helped the project applicant secure £1m from the European Regional Development Fund.

Hertfordshire Business Expansion Grant Scheme

Hertfordshire LEP has launched a new £3m grant scheme as part of a wider £10m funding package to support SME growth within the county. The Hertfordshire Business Expansion Grant Scheme (BEGS) is designed to support businesses identified as having great propensity to grow, but which have been unable to obtain all, or part, of the financial support they need through traditional methods.

Grants provided under this scheme can be used towards the purchase of machinery and equipment to aid the expansion of a business. This includes the costs of buying plant and machinery, IT equipment, and in certain cases, the acquisition or construction of additional floor-space. Grants will range from £20k to £100k, subject to an aid ceiling of 40% of capital expenditure on fixed assets, and will be linked to the creation of at least two full time jobs.

This scheme is funded jointly by Hertfordshire LEP and the European Regional Development Fund (ERDF), and supported by Hertfordshire Growth Hub, FSE CIC, and Hertfordshire County Council.

Eligibility criteria

This scheme is open to companies registered in England at Companies House (with no more than 250 employees, and a turnover of less that €50m or a balance sheet total of less than €43m), but excluding start-ups, sole traders and unincorporated partnerships. Further sectors and exclusions may apply. For full details, please contact Hertfordshire Growth Hub.

Application process

The application process is managed jointly by Hertfordshire Growth Hub and FSE CIC, an independent financial company, on behalf of the LEP:

  • Interested businesses should contact Hertfordshire Growth Hub for an initial discussion with a Growth Account Manager, and to complete an Expression of Interest form. A due diligence audit will then be carried out by FSE.
  • Your application will be considered by an independent grants panel which meets monthly. Provided sufficient funds are available, and the applicant is eligible and has a sound investment proposition, a grant is likely to be awarded within a few weeks.
  • Once the grant is awarded, the applicant will be assigned a case worker from Hertfordshire LEP who will provide support throughout the claims process.

Contact Hertfordshire Growth Hub, as their advisers will signpost other options if this scheme is not suitable: please visit www.hertsgrowthhub.com, or call: 01707 398168.