If your corporation relies in Scotland, you’ll have an interest to be taught there are Scottish enterprise grants that you just could possibly entry.
Grants are a kind of funding offered by the federal government, native councils and a few non-public organisations.
You don’t usually must repay them. However you might need to fulfill some phrases, for instance a job creation goal or deadline.
Grants are often accessible to assist concepts or companies that can create jobs or develop new merchandise, companies or markets.
Grants are there that can assist you fund a selected venture and can often cowl solely a part of the entire prices concerned, so you will want to supply match funding usually.
Moreover, most grants are paid retrospectively which signifies that you’ll must pay out cash upfront and reclaim the grant cash later.
Each grant may have a special utility course of, though there might be frequent belongings you’ll want to indicate, like how the grant will cowl shortfall in funding and what different efforts you’ve made to boost funding.
The primary grant funding accessible 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 improvement
Listed under 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 help to companies and entrepreneurs trying to develop and develop. Use this search to seek out out precisely what grant funding is accessible to your corporation with a whole record of recognized grants in Scotland.
Scottish Enterprise: A non-departmental public physique which inspires financial improvement, enterprise and innovation in Scotland. Scottish Enterprise’s funding mannequin has just lately modified. Most funding might be introduced as funding calls – collection of rounds which have fastened opening and shutting dates. They’ll be aimed toward serving to companies with particular tasks. The next grant schemes are not taking functions: analysis and improvement, regional selective help, environmental assist. You’ll find funding alternatives on the Scottish Enterprise web site.
Enterprise Gateway: Affords 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.
Artistic Scotland: Artistic Scotland distributes funding from the humanities, display screen and artistic industries from the Scottish authorities and the Nationwide Lottery. Discover out about their completely different funding programmes.
Interface: All Scottish SMEs are eligible for funding streams offered by Interface. Your small business will want an instructional accomplice to use. When 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 accessible to assist transfer your corporation in the direction of the round economic system and/or enhance your recycling efforts.
Grants accessible 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 Artistic Growth
- 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 can be based mostly, or planning to be based mostly in Scotland. It’s an R&D grant aimed toward high-risk, extremely formidable tasks.
Standards:
- SMART:Scotland grants help feasibility research that assist to indicate your thought may work in the true world. Your venture might want to generate mental property (IP) that your corporation will personal
- Help is accessible at as much as 70 per cent of the eligible venture prices for small companies and 60 per cent for medium-sized companies
- Initiatives 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 – how you can defend yours as a begin up or scale up
Scottish Enterprise Regional Selective Help funding
Who can apply?
RSA is a discretionary grant aimed toward encouraging capital funding and job creation in Assisted Areas of Scotland, categorized as Tiers 2 and three.
The grant is accessible for companies who need to develop a venture in these areas.
The postcode checker software can determine what tier your venture is in and the extent of funding that’s accessible to you.
Standards:
The quantity of RSA funding provided will depend on:
- The dimensions of your corporation
- The placement of the venture
- An evaluation of how a lot is required for the venture to go forward
Scottish Enterprise are in search of tasks that ship in opposition to our new concentrate on financial transformation, significantly round:
- Power transition
- Scaling innovation
- Growing capital funding to drive productiveness
In case your venture focuses on capital funding, the minimal dimension of the venture will possible have to be round £1m.
Specialist analysis and innovation grants accessible to UK companies
IBioIC funding alternatives
The IBioIC has a variety of funding alternatives that can assist you progress your R&D actions in addition to help that can assist you construct your corporation 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
- Check your innovation concepts
- Collaborate with different organisations
Scottish Enterprise R&D Grant
Who can apply?
Open to most Scottish-based companies who can exhibit that the proposed R&D venture represents a ‘vital’ innovation, has critical business potential, and which have ‘the mandatory administration and technical experience and assets, both in-house or brought-in, to make the venture a hit’. Non-eligible companies are sole merchants or charities. The minimal grant thought of is £150,000. All corporations which can be awarded the funding should adjust to the Scottish Authorities’s strategy to ‘Honest Work’ and internet zero.
What can it’s used for?
Scottish Enterprise are in search of R&D tasks which have a concentrate on 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 longer term
- 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 looking for funding to develop merchandise and/or markets.
What can it’s used for?
This fund is for creating merchandise and/or markets. It will possibly make investments alongside subtle non-public sector traders on equal phrases, as much as a most of fifty per cent of the entire funding package deal on a business foundation. This versatile fairness hole fund invests alongside non-public sector traders, providing fairness funding from £100,000 as much as £2m and £200,000 as much as £10m.
Open Fund: Sustaining Artistic Growth
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 accessible 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 improvement, or a long run programme of labor. It will possibly additionally help organisations to undertake enterprise and organisational improvement that can improve their enterprise sustainability by the event of latest or extra various earnings streams
- The fund is open all 12 months spherical, with no deadlines and might help exercise for as much as 18 months
Scottish Edge
Who can apply?
Scottish EDGE is ‘a contest aimed toward figuring out and supporting Scotland’s up-and-coming, modern, 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 help package deal to assist them profit from any grant cash.
The award classes are: Internet zero-focused companies (Internet Zero EDGE), circular-focused companies (Round Economic system EDGE), business product-based companies (STV Progress EDGE), and foods and drinks companies (Meals and Drink EDGE).
Forestry Grant Scheme
Who can apply?
Any dimension of enterprise.
What can it’s used for?
This scheme is concentrated on offering monetary help 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 Providers company and Scottish Forestry.
Worldwide Occasions Funding Programme from EventScotland
Funding to help occasions which drive worldwide tourism and media profile for Scotland. These occasions can happen wherever in Scotland as long as they’re concentrating on guests from outdoors Scotland and the world over.
Potential candidates should submit a funding enquiry earlier than submitting a funding utility. A member of the EventScotland crew will share additional particulars on the applying course of after overview 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 impartial charity. The fund affords as much as £1 for each £2 of enterprise sponsorship. The minimal C&BS Fund funding is £1,000, so the minimal enterprise sponsorship have to be £2,000. Organisations can apply as much as two instances, offered the entire C&BS Fund funding doesn’t exceed £10,000.
Regional Grants
NESTRANS Group Challenge Grant Fund
Who can apply?
The grant is open to neighborhood organisations and social enterprises who wish to fund small tasks which help folks to extend their use of lively and/or sustainable transport modes.
What can it’s used for?
NESTRANS helps improvement of journey plans in Aberdeen Metropolis and Shire. Candidates can bid for as much as £10,000 in matched funding to help 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 may have to have the ability to exhibit that they will match fund a big a part of the venture, and in addition they have to adjust to HIE’s ‘honest work’ requirement.
What can it’s used for?
This grant scheme is run by the Highlands and Islands Enterprise company, which relies in Inverness. The company will think about grant help to tasks the place:
- Major and secondary market analysis signifies a transparent market want for the tip product/course of and a market past the Highlands and Islands.
- A path to market has been mapped out and there’s a sturdy enterprise case for investing in creating 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 may have on your corporation 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 end in advantages to the Highlands and Islands economic 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 entire price of a venture. The minimal grant award is £10,000. It prioritises tasks based mostly in distant, rural and island areas, and can be utilized in the direction of capital investments involving the event of premises, new expertise, and capital gear (e.g. manufacturing gear, equipment, instruments and so on.)
Enterprise Gateway Fife
Managed beneath the umbrella of ‘InvestFife’, the Enterprise Gateway crew supply two funding channels:
1. Fife Funding Fund
Monetary help to Fife-based companies trying to spend money on and develop their enterprise or progress in the direction of Internet Zero. It’s a absolutely repayable grant of as much as £10,000 or 70% of the general prices of the venture being undertaken (whichever is decrease).
2. SME Growth Grant
Small non-repayable grants to help with prices throughout the next seven themes: Commerce Growth, Workforce Upskilling, Transition to Internet Zero, R&D Innovation, Agriculture Enterprise Diversification, Help for Research, Digital Growth.
Perth & Kinross Council grants
There are three grant funds of curiosity to native companies:
1. Inexperienced Capital Growth Grant
Grants are on supply as much as £25,000 – masking as much as 50% of eligible prices. Initiatives have to be of a minimal £10,000 (this equates to a minimal £5,000 match from the enterprise). They’re accessible for CapEx and can be utilized to accumulate, improve, and preserve bodily property comparable to property, crops, buildings, expertise, or gear (excluding automobiles).
2. Past Scotland Market Growth Grant
For companies wishing to increase their market abroad or into different elements 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 business properties as a way to carry them again into use as business, neighborhood or residential premises to assist implement sustainable financial progress. Property house owners or tenants can apply for grant help of as much as 50% of the price of the venture to a most grant award of £75,000.
West Dumbarton Enterprise Begin Up Grant
Who can apply?
This grant is for folks in West Dunbartonshire to stand up to £500 help.
What can it’s used for?
Enterprise start-up prices.
Orkney Islands Grants
The Orkney Islands Council Financial Growth and Enterprise Gateway groups handle a programme of grant help schemes which collectively purpose to help Orkney companies to extend employment and strengthen the Orkney Economic 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 folks. The grant funding stage has a most stage of £1,500 and a minimal worth of £500.
Versatile Enterprise Growth Grants
These grants concentrate on supporting investments in enterprise progress, rising competitiveness, and the survival of companies. The utmost FBDG grant accessible is £5,000. Purposes are significantly inspired from the next sectors: Tourism, Meals and Drink, Low carbon and Renewable Power Know-how, Manufacturing Artistic industries, Group-based Social Enterprises.
The Financial Growth Grant Scheme
Help of as much as £55,000 at a price of as much as 30% of prices, in the direction of capital expenditure. A minimal £10,000 of eligible venture price applies to those grants. It’s focused in the direction of supporting: tasks which encourage financial diversification; actions which increase the typical wage price; efforts to beat boundaries 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 accessible:
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 affords 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 crew and is open to functions from new small companies positioned in Shetland. Companies established as much as 12 months previous to the applying date might be eligible to use for help. A grant of £500-£4,000 will be awarded to profitable candidates.
Shetland Rural Retail Providers Scheme
The aim of the Scheme is to enhance the amenities and facilities of native retailers and guarantee they proceed to supply an important native retail service to their neighborhood. Grants vary between £1,000 and £10,000 for eligible companies to spend money on 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 venture prices
- Proof of enterprise insurance coverage
- An uncensored copy of a financial institution assertion, dated inside the previous 3 months, that clearly exhibits the title 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 business premises, you will need to additionally submit proof of possession of a lease. If the grant is for constructing works, you will need to additionally make clear if planning permission and a constructing warrant are required.
You’ll need to fulfill with a enterprise adviser from Enterprise Gateway Inverclyde earlier than you obtain an utility kind.
You’re eligible if:
- Your small business is buying and selling from an deal with in Inverclyde
- Your small business has been buying and selling for a minimum of 12 months
- Your small business operates in a sector the place there may be unlikely to be a big affect on different native companies
- You will have 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 progress 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: In search of funding? Discover the best finance for your corporation right here – Full a number of fast particulars on our kind and we’ll match you with the best lender.
