Grants and incentives
Reap the rewards
Making the most of available benefits
There are literally hundreds of millions of pounds available on an annual basis to support the development of business in the UK. However, it can be difficult to identify the appropriate scheme, the key drivers behind the scheme and the chance of success as schemes are frequently discretionary. To start this process you need to be able to define your investment plans.
Grant support – could I be eligible?
The starting point is to consider your medium-term investment plans. For example, do your three-year plans involve investment in one or more of the following areas:
Capital expenditure: plant and machinery, fixtures and fittings, land and buildings
Personnel: the recruitment, training and/or development of staff
Research and development: the development of new products or services, either on your own or with third parties
Business improvements: efficiency improvements, energy efficiency, carbon footprint.
If so, there may be an opportunity to secure support towards your investment plans provided no contractual commitment has been made to your project.
What type of sector projects may be eligible?
Eligible projects can be wide ranging, and include:
Establishing a Shared Service Centre
Relocation/expansion of back office functions
Expansion of customer support activities e.g. contact centre/IT helpdesk
Retention/expansion of Research and Development.
How much grant could be available?
It is too early to give a clear indication until the project paramaters are known but once available we can quickly establish a realistic estimate of the grant potential.
We are one of the world’s leading international business advisory practices, working successfully with a wide range of private and public clients to help them achieve their objectives. We have an experienced team of specialists who are dedicated to working in this arena.
The philosophy at Deloitte is to provide objective, realistic and practical business advice. Our role is to help operations grow and maximise their potential by taking advantage of credits and incentives.
Our UK practice has more than fourteen years experience working with companies to help them secure grant towards their investment plans. We have a 100% success record on UK grant applications throughout this period. Members of our team have spent time either working for, or seconded to, some of the key grant awarding bodies.
Our UK dedicated team works with a team of more than 100 grant consultants spread throughout Europe. We are able to work together to explore and support grant applications on a Europe-wide basis too.
How Deloitte can help
We are able to support you throughout the process. This can include:
The grant schemes. Meeting with you to understand your medium-term plans for the business, researching and reporting back to you on grant schemes that meet your requirements
Advance warning on grant schemes. Early alerts on specific grant programmes that could meet your particular needs.
Grant strategy. Through our detailed knowledge of the schemes we are able to provide you with a clear understanding of the merits of different grant funding routes. Some grant schemes are influenced by size of company and location of the project. We understand what this means in practice.
The application process. We understand what the grant providers are looking for and can help you to position the project effectively.
Meeting the grant providers. We provide a full hand-holding service that includes pre-meeting briefings and support to help ensure the application proceeds smoothly.
The grant offer letter. Advice on any terms and conditions within the final grant offer letter.
Recent projects include: an innovation centre for a consumer business, a software development centre, a specialist packaging factory and a fund managment company.