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Funding, Finance & Support Schemes, SMMT
The SMMT List of Funding, Finance and Support Schemes
This document brings together sources of money and support useful for businesses active in the automotive sector.
This is a ‘working’ document, by which we mean we are constantly reviewing, adding and amending the information contained within to reflect the changing initiatives available to businesses in the UK. As such, we recommend that you always access this document on-line to ensure you are using the latest version and to always visit the schemes home website before embarking on any application activity.
The report is organised into European and national/regional schemes with each scheme being further categorised as detailed below. The loose definitions we have applied are:
Funding: grants for specific projects where monies received do not need to be repaid.
Finance: access to loans which is subject to repayment.
Support: incentives and tax breaks, these may be direct (of benefit to your business such as enhanced capital allowances) or indirect (promoting activities that may result in benefits for your business such as the plugged in car grant)
Closed Schemes: Some funding schemes are re-launched or have funding rounds announced throughout the year. To ensure that readers do not miss new funding rounds, which are not currently available/announced at the time of publishing, closed schemes are included in the appendix. If interested in a closed scheme please refer to the appendix and check the note or website link for additional information.