The UK government has a number of schemes and programmes in place aimed at supporting businesses in various ways. These forms of support operate to, through a variety of measures, socialise financial and other risks, support marketing and R&D activities, provide advice, and support investment. Help may take the form of cash, loans or in-kind support.
Helping British businesses to thrive and grow is vital to the UK’s long-term economic prosperity. The Government’s ambition is for the UK to be one of the best places in Europe to start, finance and grow a business. In order to facilitate this, the Government offers support to business in accessing finance, promoting exports, developing manufacturing and encouraging growth at a local level.
The table below includes data from the current list of government schemes alongside recent programmes that are declared under the annual Business Industrial Development Act report.
Name Of Scheme
Location
Details
Source
Duration
Status
TotalExpenditure
IndexUnique
Name Of Scheme
Location
Details
Source
Duration
Status
TotalExpenditure
1
Business Focus on Enforcement
Industrial Development Act reports
2014 - 2015
Open
11
2
Key IQ Ltd - Cluster Development
Industrial Development Act reports
2014 - 2015
One-off
39
3
techUK - Cyber Connect UK
Industrial Development Act reports
2014 - 2015
One-off
108
4
NSARE - Traction and Rolling Stock Training Academy
Industrial Development Act reports
2013 - 2015
One-off, not yet repaid
3
5
Building Information Modelling
Industrial Development Act reports
2014 - 2015
One-off
5
6
Support for City Deals
Industrial Development Act reports
2012 - present
Open
8
7
Compensation to the Energy Intensive Industries (EIIs) for the indirect costs of the EU Emissions Trading Scheme and the Carbon Price Support Mechanism
Industrial Development Act reports
2015 - present
Open
12
8
UK Coal
Industrial Development Act reports
2014
One-off, not yet repaid
14
9
Growth Vouchers
Industrial Development Act reports
2014 - 2015
Closed
17
10
Business Finance Partnership (small business tranche) - Peer-to-Peer Investments