MarketFinance to make £5,000 grants available to UK businesses

MarketFinance has launched a Business Booster Fund that will make grants of £5,000 available to UK small businesses.

The fintech business lender said these are aimed at supporting passionate and driven UK-based innovative entrepreneurs.

Any business can apply in any sector, as long as it’s been trading for at least two years and is showing positive growth. It’s not necessary to be an existing customer of MarketFinance to be eligible for the grant.

Read more: MarketFinance’s losses widen as the lender spends for future growth

Business owners must complete a short application form on MarketFinance’s website by 31 December to express their interest. Then three companies will be selected in the first round and announced on 6 January.

Timings of the next rounds will be made public next year.

As well as cash grants, MarketFinance said its team will offer their time and expertise in technology, financial planning, networking and marketing.

Read more: MarketFinance appoints Lib Dem peer to oversee grant spending

“I’m very excited to announce the launch of our first MarketFinance Business Booster fund,” said Anil Stocker, chief executive of MarketFinance.

“These grants represent a small boost that will help the successful businesses pivot, scale or grow in 2021. It’s been a difficult year for most, but we can’t forget that a lot of businesses were good, strong and viable in 2019.

“We want to support the UK’s hardest working and most exciting small- and medium-sized enterprises. In addition to the grant, we will offer the time and skills of our expert staff to help their leadership teams.

“Whether they need tech, marketing, finance or communications support, we will provide the resources to help them get to where they want to go.”

Read more: MarketFinance secures £10m grant to expand product range