Government grants come in a range of shapes and sizes, ranging from discounted premiums and free supplies to cash incentives to aid in the development of a new business. Typically, government grants are distributed in the form of a direct grant.

Direct grant

This is money allocated to a new company to cover the expenses of getting started, such as preparation, equipment purchases, or moving into new markets, such as international exports. Most grants enable the company to pay half of the grant’s amount, but funding of up to £0.5 million is possible based on the sector.

Start-ups soft loan

These are similar to scholarships, but they are essentially loans with lower interest rates and longer terms than those offered through traditional lending platforms. The government-backed Start Up Loans scheme provides personal loans of up to £25,000 at a 6% interest rate and free business advice and mentoring. Reference: [Start-up loans]

Plan for webinars

Every week, we can provide one free webinar in which students can benefit from our guest’s experience learning at a specific school, as well as one fee-based webinar in which students can hear about the most recent rules and news for specific programs. We don’t expect many people to turn up for the first three months, but having one free session to draw people and build confidence is preferable. The fee-based webinar would likely cost £45 for 90 minutes and the advisory call would be £55 for an hour.

Upfront costs

Website development cost: £8000

• Unlimited subpages
• UX|UI design
• All Exclusive features
• Database

Reference: [elaraweb.co.uk]

Intellectual property solicitor legal fee: £1500. Reference: [Waterfront Solicitors LLP]

Ongoing Costs

Domain: £18 per annum

Google cloud: Free for 12 months and after $300 per annum

Google Business E-mail: £4 per month

Adobe Creative Cloud: £49.94 per annum

Website Technician: £ 2150.04 per annum

UI/UX designer: £2354.18 per annum

Digital Strategist: £2106.54 per annum