The Fintech business lender will grant £5,000 to SMEs in the UK as part of its commitment to give back to the community
Investor hands over a cheque

Fintech business lender MarketFinance has launched Business Booster Fund, an initiative that will make grants of £5,000 available to UK small businesses. The move forms part of its 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.

Bilal Mahmood, director external and media relations told NutritionInvestor that business in the food and drink space are welcome to apply.

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

Apply for Business Booster Fund

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 31 December 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 on the company website.

Anil Stocker, chief executive of MarketFinance, said: “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.”

Stocker noted 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,” he added.

In addition to the grant, MarketFinance will offer the time and skills of its 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,” Stocker concluded.

Date published: 15 December 2020

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