Brean Horne
Connor Campbell
There are several business grants available for women in the UK that could help entrepreneurs enhance their companies.
Here, we explain what active business grants for women are on offer currently and how much you could claim.
What is a business grant?
Business grants are sums of money that can be claimed for specific purposes, such as kick-starting a company or helping it grow.
Often, grants do not need to be paid back. However, they can sometimes be partially or conditionally repayable, so it is important to understand the terms of the grant before applying.
While the schemes mentioned below are specifically aimed at helping women entrepreneurs, don’t overlook other small business grants that may be more widely available across the UK. It is worth checking out grants for businesses in England, Scotland, Wales and Northern Ireland.
Small business grants for women
The following is a selection of the business grants for women available at the time of writing:
Anita Borg Institute For Women and Technology
Eligible regions: Worldwide
Sectors: Technology and computing
Amount: Varies depending on award
Details: The Abie Awards celebrate women working in the technology and computing sectors. For 2023, the organisation will give out five awards: Technical Leadership, Student of Vision, Social Impact, Educational Innovation and Emerging Technologist. The cash prizes on offer vary by award and year.
Diamond Education Grant
Eligible regions: Asia, Europe, Caribbean
Sectors: Women returning to work following an employment break
Amount: Varies
Details: The Diamond Education Grant is awarded to women looking to update their skills after an employment break, or wanting to acquire new skills to improve their opportunities for promotion and employment. The grants are intended for helping towards the cost of course fees, books and equipment.
Global Fund for Women
Eligible regions: Outside the United States
Sectors: Enterprises focusing on advancing gender justice
Amount: Flexible cash grants
Details: The Global Fund for Women aims to provide support grants to cover the costs of social justice work. These grants can be used for a variety of reasons including operating expenses such as rent, salaries, communication and travel. You can also apply for crisis grants that can be used to fund response action to climate and natural disasters.
Female Founders Fund
Eligible regions: Worldwide
Sectors: B2B, Consumer, Fintech, Healthcare
Amount: US$500,000 to $750,000
Details: The Female Founders Fund invests in early-stage businesses owned by women. It aims to support the next generation of transformational technology companies owned by female entrepreneurs. Companies must have at least one founder as part of the founding team who is a woman. Applications can be submitted at any time during the year and the review process takes roughly four to six weeks on average.
Other forms of business funding
Applying for a loan could be another way to help finance your business. However, keep in mind that – unlike a business grant – a business loan will be repayable and with interest on top.
There are a variety of business loans that could help to provide funds for business owners, including:
- Merchant cash advances
- Secured Business Loans
- Small Business Loans
- Business Bridging Loans
Shopping around for a loan that best suits your business’s needs is a great place to start. You could also compare start up loans options for your company using our comparison tables.
Image source: Getty Images
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