MarketFinance, the fintech business lender, has launched a Business Booster Fund for UK small businesses. It will be making grants of £5,000 to small businesses to help them kick off 2021. Applications are open until 31 December 2020.
The initiative forms part of the MarketFinance commitment to SMEs and giving back to the community. These grants are aimed at supporting passionate and driven UK-based entrepreneurs, giving them a kickstart as they head into 2021.
The Fund has been designed to push innovative entrepreneurs even further. Any business can apply in any sector, so 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. MarketFinance is looking for entrepreneurs that represent our community as a whole, and is keen to support those who value diversity, inclusion and giving back.
Business owners are encouraged to complete a short application form by 3 December 2020 to express their interest. In the first round, three businesses will be selected and announced on 6 January 2021. Timings of subsequent rounds will be confirmed in 2021. Interested companies should apply here: www.marketfinance.com/grant
Anil Stocker, CEO of MarketFinance says: “I’m very excited to announce the launch of our first MarketFinance Business Booster fund. 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 SMEs. 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.”
MarketFinance is a business finance company with offices in London and Manchester. The online platform enables businesses to access a range of flexible finance solutions – quickly and easily. This smart technology is backed by help from real people so business owners can save time and focus on growing their business.
Since 2011, MarketFinance has advanced over £3bn to companies across a range of sizes and sectors, providing working capital and finance for everything from paying staff and suppliers to launching new products or services and accelerating growth.
MarketFinance is backed by Barclays, Santander InnoVentures, European venture capital fund Northzone (invested in Klarna, iZettle and Trustpilot), and private equity group MCI Capital (also invested in iZettle, Azimo and Gett).