Yes. Grant payments are frequently delayed weeks or months after eligible spend is incurred. A bridging loan lets your company continue operating — or complete the funded project — without stalling for cash that you know is coming.
How grant bridging works in practice
Most grants reimburse costs after you spend and evidence them. That means your company lays out cash first. A Credicorp Business Loan covers the outlay; when the grant arrives you repay the facility. Because the term is short and the repayment trigger is predictable, the loan can be sized and timed to match the expected grant drawdown schedule.
Common grant types companies bridge
- Innovate UK and R&D grant tranches
- Local enterprise partnership capital grants
- Export development and trade mission grants
- Energy efficiency and decarbonisation grants
- Cultural or creative sector project grants
What to have ready
A grant offer letter confirming the amount and expected payment timeline gives us the clearest picture of your repayment source. We look at the company's overall position — not just the grant — but an evidenced award makes it straightforward to structure a short-term facility that sits neatly alongside it.
We lend only to UK limited companies and LLPs, and the loan is to the company with no director personal guarantee. As business finance outside the consumer-credit regime, it is not covered by the Financial Ombudsman Service or FSCS.
See also: Covering an unexpected tax demand, Funding certification or industry accreditation, Funding a website or e-commerce build