The SmallBusiness.co.uk Small Business Grants Initiative has been established to give promising new businesses the opportunity to receive a cash prize to help them become established and grow their operations into successful enterprises.

Every month, one business deemed by a panel of independent judges to be the most deserving will benefit from a package including a financial grant, as well as being featured on the Small Business Grants website as a monthly winner.

The winners will be those companies deemed to have the most potential in their sector, based on factors such as turnover growth, innovation, aspiration, key projects completed, contracts won and partnerships forged.

The prize for each Promotion is a cash deposit of £5,000. This is a grant that does not have to be repaid. In addition to receiving cash, grant winners will benefit from editorial coverage exploring how they used the money; articles that offer an insight into how a cash injection can benefit small businesses and help them flourish.

The money can be used towards marketing the business offering, investing in technology, or perhaps taking on some part-time staff.

Small businesses in the UK that are actively trading, at least one year old and with a turnover between £50,000 and £500,000 annually may apply. Small businesses are those that employ fewer than 50 staff. The business could be operating in any sector, for example a cafe, those operating a business from home, or perhaps managing a franchise.

Ben Lobel, editor of SmallBusiness.co.uk said:

“For years, our readers have been asking how they can get hold of grant funding, and while there are a few initiatives out there, they often require applicants to jump through hoops to get the money they need to invest in growth.

“Small Business Grants offers monthly cash to leading small businesses of any sector, no strings attached. All you have to do is fill in a single application form to give yourself a chance of winning. It really is as simple as that.”

Applications must be submitted before the monthly application deadline. To apply for September’s competition the deadline is 30 September 2017.

For more information please follow the link: Small Business Grants