If your small business is predicated in Scotland, you’ll have an interest to be taught there are Scottish enterprise grants that you simply might be able to entry.
Grants are a sort of funding offered by the federal government, native councils and a few non-public organisations.
You don’t usually should repay them. However you might need to satisfy some phrases, for instance a job creation goal or deadline.
Grants are normally obtainable to assist concepts or companies that can create jobs or develop new merchandise, companies or markets.
Grants are there that will help you fund a particular mission and can normally cowl solely a part of the whole prices concerned, so you’ll need to offer match funding typically.
Moreover, most grants are paid retrospectively which implies that you’ll must pay out cash upfront and reclaim the grant cash later.
Each grant can have a unique software course of, though there will probably be frequent belongings you’ll want to point out, like how the grant will cowl shortfall in funding and what different efforts you’ve made to boost funding.
The primary grant funding obtainable in Scotland is to assist concepts or companies that:
Will create social or financial advantages, for instance job creation
Wish to create collaborative tasks resulting in new expertise or concepts
Are concerned in analysis and growth
Listed beneath are a number of key assets the place you’ll discover a number of sources of funding and small enterprise grants for Scotland.
Higher Enterprise Finance: A portal that gives neutral info and assist to companies and entrepreneurs seeking to develop and develop. Use this search to seek out out precisely what grant funding is offered to your small business with a whole checklist of identified grants in Scotland.
Scottish Enterprise: A non-departmental public physique which inspires financial growth, enterprise and innovation in Scotland. Scottish Enterprise’s funding mannequin has not too long ago modified. Most funding will probably be introduced as funding calls – sequence of rounds which have fastened opening and shutting dates. They’ll be geared toward serving to companies with particular tasks. The next grant schemes are not taking functions: analysis and growth, regional selective help, environmental support. You will discover funding alternatives on the Scottish Enterprise web site.
Enterprise Gateway: Presents recommendation and steering to start-up corporations and established corporations throughout Scotland. See this web page for specifics on grants and funding.
Scottish authorities: Seek for enterprise funding and recommendation.
Inventive Scotland: Inventive Scotland distributes funding from the humanities, display and inventive industries from the Scottish authorities and the Nationwide Lottery. Discover out about their totally different funding programmes.
Interface: All Scottish SMEs are eligible for funding streams offered by Interface. Your enterprise will want an instructional companion to use. Should you don’t have one, Interface can discover one for you. Click on right here to seek out out extra about their funding.
Zero Waste Scotland: Zero Waste Scotland has funding obtainable to assist transfer your small business in direction of the round financial system and/or enhance your recycling efforts.
Grants obtainable to Scottish companies
SMART: SCOTLAND
Scottish Enterprise Regional Selective Help funding
IBioIC funding alternatives
Innovate UK
Scottish Enterprise R&D Grant
Scottish Enterprise Capital Fund
Open Fund: Sustaining Inventive Improvement
Scottish Edge
Forestry Grant Scheme
Worldwide Occasions Funding Programme
Tradition & Enterprise Scotland Fund
Regional Grants
SMART: Scotland Grant
Who can apply?
Small and medium-sized companies, college spinouts or people which are primarily based, or planning to be primarily based in Scotland. It’s an R&D grant geared toward high-risk, extremely bold tasks.
Standards:
SMART:Scotland grants assist feasibility research that assist to point out your concept might work in the true world. Your mission might want to generate mental property (IP) that your small business will personal
Assist is offered at as much as 70 per cent of the eligible mission prices for small companies and 60 per cent for medium-sized companies
Tasks should final between six and 18 months, and the utmost grant is £100,000
Feasibility is paid with a 3rd of the grant in an upfront instalment and the remaining is quarterly in arrears
>See additionally: Mental property – find out how to defend yours as a begin up or scale up
Scottish Enterprise Regional Selective Help funding
Who can apply?
RSA is a discretionary grant geared toward encouraging capital funding and job creation in Assisted Areas of Scotland, categorized as Tiers 2 and three.
The grant is offered for companies who need to develop a mission in these areas.
The postcode checker device can determine what tier your mission is in and the extent of funding that’s obtainable to you.
Standards:
The quantity of RSA funding provided is dependent upon:
The dimensions of your small business
The placement of the mission
An evaluation of how a lot is required for the mission to go forward
Scottish Enterprise are searching for tasks that ship in opposition to our new deal with financial transformation, significantly round:
Vitality transition
Scaling innovation
Rising capital funding to drive productiveness
In case your mission focuses on capital funding, the minimal measurement of the mission will possible must be round £1m.
Specialist analysis and innovation grants obtainable to UK companies
IBioIC funding alternatives
The IBioIC has a variety of funding alternatives that will help you progress your R&D actions in addition to assist that will help you construct your small business case. Get in contact with them to seek out out extra. You possibly can contact them by their web site.
Innovate UK Grants
Who can apply?
Innovate UK is the UK’s innovation company and is a part of UK Analysis and Innovation. Grants can be found to any UK-based enterprise or analysis organisation
What can it’s used for?:
Analysis and develop (R&D) a course of, services or products
Take a look at your innovation concepts
Collaborate with different organisations
Scottish Enterprise R&D Grant
Who can apply?
Open to most Scottish-based companies who can display that the proposed R&D mission represents a ‘vital’ innovation, has severe industrial potential, and which have ‘the mandatory administration and technical experience and assets, both in-house or brought-in, to make the mission successful’. Non-eligible companies are sole merchants or charities. The minimal grant thought-about is £150,000. All corporations which are awarded the funding should adjust to the Scottish Authorities’s strategy to ‘Honest Work’ and web zero.
What can it’s used for?
Scottish Enterprise are searching for R&D tasks which have a deal with financial transformation. In essence, these are tasks that can assist to:
Create an internationally aggressive power transition trade in Scotland
Scale Scotland’s innovation strengths into high-growth industries of the long run
Drive capital funding to ship a step-change in Scotland’s productiveness
Scottish Enterprise Capital Fund
Who can apply?
The Scottish Enterprise Fund invests in corporations from start-ups, early-stage to increasing companies searching for funding to develop merchandise and/or markets.
What can it’s used for?
This fund is for growing merchandise and/or markets. It may well make investments alongside subtle non-public sector buyers on equal phrases, as much as a most of fifty per cent of the whole funding bundle on a industrial foundation. This versatile fairness hole fund invests alongside non-public sector buyers, providing fairness funding from £100,000 as much as £2m and £200,000 as much as £10m.
Open Fund: Sustaining Inventive Improvement
Who can apply?
The Open Fund is for people and organisations inside the artistic industries.
What can it’s used for?
It has separate funding strands for people and organisations.
Funding obtainable for between £1,000 and £100,000
The fund helps organisations to ship a variety of artistic actions masking: particular one-off tasks, a interval of artistic analysis and growth, or a long term programme of labor. It may well additionally assist organisations to undertake enterprise and organisational growth that can improve their enterprise sustainability by the event of latest or extra numerous revenue streams
The fund is open all 12 months spherical, with no deadlines and might assist exercise for as much as 18 months
Scottish Edge
Who can apply?
Scottish EDGE is ‘a contest geared toward figuring out and supporting Scotland’s up-and-coming, revolutionary, high-growth potential entrepreneurial expertise’.
What can it’s used for?
Winners can obtain between £10,000 and £100,000 in funding plus a enterprise assist bundle to assist them benefit from any grant cash.
The award classes are: Internet zero-focused companies (Internet Zero EDGE), circular-focused companies (Round Financial system EDGE), industrial product-based companies (STV Progress EDGE), and foods and drinks companies (Meals and Drink EDGE).
Forestry Grant Scheme
Who can apply?
Any measurement of enterprise.
What can it’s used for?
This scheme is targeted on offering monetary assist for companies concerned within the creation of both new woodland areas or the sustainable administration of current woodlands. It’s managed by the Scottish Rural Funds and Companies company and Scottish Forestry.
Worldwide Occasions Funding Programme from EventScotland
Funding to assist occasions which drive worldwide tourism and media profile for Scotland. These occasions can happen anyplace in Scotland as long as they’re focusing on guests from outdoors Scotland and the world over.
Potential candidates should submit a funding enquiry earlier than submitting a funding software. A member of the EventScotland staff will share additional particulars on the applying course of after evaluation of an enquiry.
Tradition & Enterprise Scotland Fund
Who can apply?
Scottish social enterprises.
What can it’s used for?
The CBFS is managed by Arts & Enterprise Scotland, an unbiased charity. The fund gives as much as £1 for each £2 of enterprise sponsorship. The minimal C&BS Fund funding is £1,000, so the minimal enterprise sponsorship should be £2,000. Organisations can apply as much as two occasions, offered the whole C&BS Fund funding doesn’t exceed £10,000.
Regional Grants
NESTRANS Group Venture Grant Fund
Who can apply?
The grant is open to neighborhood organisations and social enterprises who wish to fund small tasks which assist individuals to extend their use of lively and/or sustainable transport modes.
What can it’s used for?
NESTRANS helps growth of journey plans in Aberdeen Metropolis and Shire. Candidates can bid for as much as £10,000 in matched funding to assist sustainable transport initiatives.
HIE’s Innovation and R&D Grant
Who can apply?
Open to all companies within the Highlands and Islands. The award of this funding is discretionary. Candidates can have to have the ability to display that they will match fund a big a part of the mission, and in addition they have to adjust to HIE’s ‘truthful work’ requirement.
What can it’s used for?
This grant scheme is run by the Highlands and Islands Enterprise company, which is predicated in Inverness. The company will contemplate grant assist to tasks the place:
Major and secondary market analysis signifies a transparent market want for the top product/course of and a market past the Highlands and Islands.
A path to market has been mapped out and there’s a robust enterprise case for investing in growing the product/course of.
A method for exploiting and defending the mental property generated has been developed.
You possibly can quantify the affect the brand new product/course of can have on your small business and there’s a clearly recognized funding shortfall which can’t be met by the corporate or raised privately.
It may be demonstrated that funding would lead to advantages to the Highlands and Islands financial system.
HIE’s Younger Enterprise Capital Grant Fund
This grant goals to stimulate a rise in productiveness, innovation and employment within the Highlands and Islands by capital funding in start-up/younger companies and social enterprises who’ve been buying and selling for lower than 5 years.
The funding is a non-repayable grant of as much as £75,000 which can cowl between 20% and 50% of the whole value of a mission. The minimal grant award is £10,000. It prioritises tasks primarily based in distant, rural and island areas, and can be utilized in direction of capital investments involving the event of premises, new expertise, and capital gear (e.g. manufacturing gear, equipment, instruments and many others.)
Enterprise Gateway Fife
Managed beneath the umbrella of ‘InvestFife’, the Enterprise Gateway staff provide two funding channels:
1. Fife Funding Fund
Monetary assist to Fife-based companies seeking to put money into and develop their enterprise or progress in direction of Internet Zero. It’s a absolutely repayable grant of as much as £10,000 or 70% of the general prices of the mission being undertaken (whichever is decrease).
2. SME Improvement Grant
Small non-repayable grants to help with prices throughout the next seven themes: Commerce Improvement, Workforce Upskilling, Transition to Internet Zero, R&D Innovation, Agriculture Enterprise Diversification, Assist for Research, Digital Improvement.
Perth & Kinross Council grants
There are three grant funds of curiosity to native companies:
1. Inexperienced Capital Improvement Grant
Grants are on provide as much as £25,000 – masking as much as 50% of eligible prices. Tasks should be of a minimal £10,000 (this equates to a minimal £5,000 match from the enterprise). They’re obtainable for CapEx and can be utilized to amass, improve, and keep bodily belongings equivalent to property, crops, buildings, expertise, or gear (excluding automobiles).
2. Past Scotland Market Improvement Grant
For companies wishing to increase their market abroad or into different components of the UK (excluding Scotland). Grants of as much as £3,000 masking as much as 50% of eligible prices can be found.
3. Adapt Your Property Fund
A grant to help enterprise and property house owners to improve and repurpose vacant industrial properties in an effort to carry them again into use as industrial, neighborhood or residential premises to assist implement sustainable financial development. Property house owners or tenants can apply for grant help of as much as 50% of the price of the mission to a most grant award of £75,000.
West Dumbarton Enterprise Begin Up Grant
Who can apply?
This grant is for individuals in West Dunbartonshire to stand up to £500 assist.
What can it’s used for?
Enterprise start-up prices.
Orkney Islands Grants
The Orkney Islands Council Financial Improvement and Enterprise Gateway groups handle a programme of grant assist schemes which collectively intention to assist Orkney companies to extend employment and strengthen the Orkney Financial system. The next grants can be found:
Orkney Islands New Enterprise Begin Up Grant
A discretionary grant is open to functions from new small companies positioned in Orkney, which have been buying and selling for lower than 6 months and are using lower than 50 individuals. The grant funding stage has a most stage of £1,500 and a minimal worth of £500.
Versatile Enterprise Improvement Grants
These grants deal with supporting investments in enterprise development, rising competitiveness, and the survival of companies. The utmost FBDG grant obtainable is £5,000. Functions are significantly inspired from the next sectors: Tourism, Meals and Drink, Low carbon and Renewable Vitality Expertise, Manufacturing Inventive industries, Group-based Social Enterprises.
The Financial Improvement Grant Scheme
Assist of as much as £55,000 at a charge of as much as 30% of prices, in direction of capital expenditure. A minimal £10,000 of eligible mission value applies to those grants. It’s focused in direction of supporting: tasks which encourage financial diversification; actions which increase the common wage charge; efforts to beat obstacles to exporting
Different Group Funds
There are additionally three extra funds targeted on neighborhood and voluntary organisations, together with one tied to the OIC Crown Property Group.
Shetland Islands Grants
The Shetland Islands Council has the next enterprise grants obtainable:
Financial Improvement Grant Scheme
Sole merchants, partnerships, restricted legal responsibility partnerships and restricted corporations can apply for grant
funding to begin up or develop companies in Shetland. This scheme gives a discretionary grant of as much as 50% of eligible prices, with a minimal grant stage of £1,000 as much as a most grant of £25,000.
Shetland Enterprise Begin Up Grant
The grant is run by the Enterprise Gateway Shetland staff and is open to functions from new small companies positioned in Shetland. Companies established as much as 12 months previous to the applying date will probably be eligible to use for help. A grant of £500-£4,000 might be awarded to profitable candidates.
Shetland Rural Retail Companies Scheme
The aim of the Scheme is to enhance the amenities and facilities of native retailers and guarantee they proceed to offer an important native retail service to their neighborhood. Grants vary between £1,000 and £10,000 for eligible companies to put money into variations, enhancements and new methods of working.
Inverclyde Council Enterprise Help Grant
The fund can cowl as much as 50 per cent of eligible capital expenditure prices, with a most contribution of £5,000.
Candidates should submit:
A marketing strategy
A one-year cashflow projection
Proof of buying and selling standing
The final full 12 months’s accredited accounts and up-to-date administration accounts
Three quotes for mission prices
Proof of enterprise insurance coverage
An uncensored copy of a financial institution assertion, dated inside the previous 3 months, that clearly reveals the identify of the account holder, the account quantity and type code
An outline of the works to be undertaken and the way these contribute to the event of the enterprise
If the enterprise is working from industrial premises, you could additionally submit proof of possession of a lease. If the grant is for constructing works, you could additionally make clear if planning permission and a constructing warrant are required.
You will want to satisfy with a enterprise adviser from Enterprise Gateway Inverclyde earlier than you obtain an software type.
You might be eligible if:
Your enterprise is buying and selling from an deal with in Inverclyde
Your enterprise has been buying and selling for no less than 12 months
Your enterprise operates in a sector the place there’s unlikely to be a big affect on different native companies
You’ve got attended a one-to-one assembly with a enterprise adviser from Enterprise Gateway Inverclyde
This discretionary fund from Inverclyde Council gives monetary help to assist companies within the space obtain particular enterprise development goals.
Learn extra
150 UK small enterprise grants to use for proper now
The place to seek out inexperienced small enterprise grants – that includes grants from both native authorities or nationwide organisations selling sustainability alternatives for UK SMEs.
Helpful hyperlink: Searching for funding? Discover the suitable finance for your small business right here – Full a number of fast particulars on our type and we’ll match you with the suitable lender.
