SmallBusiness.co.uk launches new grant competition offering £5,000 a month

Businesses at least one year old and turning over between £50,000 and £500,000 now have a chance to win £5,000 in a new monthly cash competition.

Small Business Grants is a free-to-enter initiative from leading business advice website SmallBusiness.co.uk, giving promising businesses the chance of a cash prize in return for filling in a single online form.

Whether you are running a cafe, operating a business from home, or perhaps managing a franchise, you will need funds to establish and grow your company. Depending on the type of business, this requirement may vary from a few hundred pounds to multiple thousands.

However, it is often the case that business owners struggle to find the funds they need. The Small Business Grants initiative, in association with Travelers, Shelley Stock Hutter, Melt, A City Law Firm, and CMME, will help small businesses in this area, offering monthly financial assistance and benefits to maximise their chance of success.

The application process is simple – all business owners have to do is fill in a form talking about their business. They should detail key achievements, using figures and examples where possible, such as turnover growth, key contracts won, partnerships forged, or anything else that helped their company move forward.

At the end of each month, a shortlist will be compiled of the top applicants, which will be sent to a panel of judges, made up of leading entrepreneurs and industry authorities. The winner for that month will be announced in the middle of the following month.

In addition to receiving cash, grant winners will benefit from editorial coverage on SmallBusiness.co.uk exploring how they used the money; articles that offer an interesting insight into just how a cash injection can benefit small businesses and help them flourish.

Whether you need the money to market your offering, invest in technology, or perhaps take on some part-time staff, Small Business Grants is an easy, free, and exciting way to further your business.

Ben Lobel, editor of SmallBusiness.co.uk says, ‘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 for the Small Business Grants initiative can be made here. Only one application per business per quarter is permitted. Good luck!