Grant funding for innovation ... the SME Instrument

So... the first round of SME grants have been awarded... worth the hassle?

The SME Instrument offers a 50,000 Euro cash grant for a feasibility study into an innovative project.

It has 4 application deadlines in the year... and 26 UK projects were awarded the grant in the June round...

Are you a Permanent Non-Borrower?... you're not alone...

A third wouldn't borrow money - even if they were paid to ?

Owner Managed Businesses (SMEs) are becoming increasingly self sufficient and shunning all forms of borrowing... 

31% are now classified as Permanent Non-Borrowers (PNBs)... the highest level to date and up from 20% in Q1 of 2012... 

That's a problem for the Bankers et al who finance SMEs because roughly a third of SMEs have had no 'borrowing event' in the last 5 years, and don't plan to have one in the future either...