How to find grants for self-employed workers and SMEs
Business grants usually demand more than simply being registered. The economic activity, company size, workplace location, investment date and tax status can all determine eligibility.
1. Define the applying company clearly
Check the accepted business activity code, the required address or workplace, staff numbers and company size. For business groups, calculating SME status may require adding data from associated or linked companies.
Check seniority, legal form and registration status. Some schemes target new activities; others require a minimum track record or exclude certain sectors.
2. Don't start spending too early
Many grants limit when the project can start or when an invoice can be issued. Ordering, paying or signing a contract before the allowed date can leave that expense out.
Make sure you have cash flow: often the company pays first and gets reimbursed after justifying the expense. Check advance payments, guarantees, the funded percentage and non-eligible taxes.
3. De minimis, jobs and maintaining commitments
If the call is subject to de minimis rules, correctly declare the aid received by the single undertaking during the applicable period. Limits and regulations can vary by sector and date.
Grants for hiring or investment usually require maintaining jobs, assets or activity. Work out that commitment before applying and keep a folder of evidence for justification and possible audits.
Checklist
- Eligible activity and location
- Company size calculated
- Expense not improperly started yet
- Funding and cash flow planned
- De minimis declared
- Manageable maintenance commitments