Investing now for growth tomorrow

There are those out there who believe that the government is only interested in helping out big business; about the big ticket new stories that will make the headlines. They’ll have you believe that they aren’t interested in small businesses.

If that was the case why would the following schemes exist:

1. Growth Vouchers
2. Growth Accelerator
3. Manufacturing Advisory Service
4. R&D Tax Credits

All of these enable SME businesses to get funding and support that will help them grow.

For the government, it’s an easy choice.  They provides grants and funding to your small business now.  You invest the money in support, in training and in advice and you grow your business.  Over time you need to employ more staff as you put into practice the advice provided.  Those people pay taxes.

In time, your business grows and so do your profits.  As your profits grow, so does your Corporation Tax bill

The government then has more money than it did before.  They’ve made an investment and it has earn’t interest for them.  Why would they not do this?

So who can claim this money?

It varies but most small businesses can claim under at least two of these schemes.  I’m not going to give you all the scenarios and I am sure you can follow the links and see which you are eligible for, but let me give you a couple of examples:

Startup producing a new craft beer