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In the Jewish family fled to a new life in the East End of London. For two years they lived in rented rooms at the north end of Brick Lane, then moved to the nearby Boundary Estate. At 15 Louis became an agent for a clothing firm, and shortly afterwards started his own business. But after he won a Charleston competition at the Royal Albert Hall in , he became a professional dancer under the name Louis Grad; his name's final form came from a Paris reporter's error which Grade liked and kept.

Around he became a booking agent and soon went into partnership with the established agent Joe Collins father of Jackie and Joan Collins. After the outbreak of the war in Europe in , Grade became involved in arranging troops entertainment in Harrogate, which were popular, and subsequently after he joined the Army. He was invalided out of the forces after two years when an old problem with water on the knees, which had earlier ended his dancing career, reoccurred.

In , Grade went into partnership with his brother Leslie the arrangement with Joe Collins had by now been terminated and spent some of his time in the United States where the brothers developed their interests. His connections led to Bob Hope and Judy Garland, among others, appearing in Britain for the first time. Their bid to the Independent Television Authority ITA was rejected owing to the conflict of interest from their involvement in artist management and prominent status.

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The Associated Broadcasting Development Company gained ITA approval for both the London weekend and Midlands weekday contracts, but was undercapitalised, and Grade's consortium joined with them to form what became Associated TeleVision. Grade was deputy managing director of ATV under Val Parnell until , but it was Grade who was responsible for committing the finance for what would become the companies' first success with an international audience: The Adventures of Robin Hood , commissioned by an American producer, Hannah Weinstein, who was based in Britain.

Although supportive of the produced shows, especially concerning Thunderbirds which he insisted on having the episodes be produced as an hour-long one on account of being so pleased by the premiere "Trapped in the Sky", the consistent drive for success at home and abroad led to various artistic differences for Grade with McGoohan and Anderson, leading to a split with both.

The companies were reorganised again in , under the Associated Communications Corporation umbrella. ATV lost its London franchise to what became London Weekend Television in , but at the same time the Midlands franchise was extended to the whole week.