An entire checklist of Scottish enterprise grants

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If your enterprise relies in Scotland, you’ll 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 may create jobs or develop new merchandise, companies or markets.

Grants are there that can assist you fund a particular undertaking and can normally cowl solely a part of the entire prices concerned, so you will want to supply match funding normally.

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 unique software course of, though there shall be widespread 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 principle 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 initiatives resulting in new know-how or concepts
  • Are concerned in analysis and growth

Listed under are just a few key assets the place you’ll discover a number of sources of funding.

Higher Enterprise Finance: A portal that gives neutral data and assist to companies and entrepreneurs seeking to develop and develop. Use this search to search out out precisely what grant funding is offered to your enterprise with an entire 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 just lately modified. Most funding shall be introduced as funding calls – sequence of rounds which have mounted opening and shutting dates. They’ll be aimed toward serving to companies with particular initiatives. The next grant schemes are not taking purposes: analysis and growth, regional selective help, environmental support. You could find 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.

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 totally different funding programmes.

Interface: All Scottish SMEs are eligible for funding streams offered by means of Interface. Your online business will want an educational associate to use. When you don’t have one, Interface can discover one for you. Click on right here to search out out extra about their funding.   

Zero Waste Scotland: Zero Waste Scotland has funding obtainable to assist transfer your enterprise in direction of the round financial system and/or enhance your recycling efforts.

Grants obtainable to Scottish companies

SMART: Scotland Grant

NB: The present funding name is closed for purposes. Sustain-to-date with the SMART: Scotland Grant web site for data on future funding rounds.  

Who can apply?

Small and medium-sized companies, college spin-outs or people which are based mostly, or planning to be based mostly in Scotland.

Standards:

  • SMART:Scotland grants an assist feasibility research that assist to indicate your concept may work in the actual world. Your undertaking might want to generate mental property (IP) that your enterprise will personal
  • Help is offered at as much as 70 per cent of the eligible undertaking prices for small companies and 60 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 – methods to shield yours as a begin up or scale up

Office Innovation Grant

NB: The Office Innovation Grant is at present closed for purposes. It’ll reopen within the new monetary 12 months.

Who can apply?

Scottish-based companies who wish to introduce modern practices of their office

Standards:

  • The fund can contribute as much as £5,000 in direction of actions that may enable a enterprise to introduce new and modern office practices. To get the grant, the undertaking should fulfil no less than two of the next three standards:- Individuals: To assist motivating workers past pay. For instance, recognising the advantages of variety, reward and supporting studying and growth
    – Place: To assist bettering or sustaining a optimistic office tradition, creatively use bodily area to enhance how staff work collectively, supply coaching related to integrating know-how which allows staff to share data
    – Follow: To assist work practices to turn out to be honest, accountable and enhance productiveness. For instance, versatile working practices, creating self-managed groups and a tradition of management and training.

Specialist analysis and innovation grants obtainable to UK companies

IBioIC Services Entry Fund

The Industrial Biotechnology Innovation Centre’s (IBioIC) Services Entry Fund will enable companies to use for grants of as much as £10,000 to assist important analysis and growth initiatives. 

Initiatives have to be led by an industrial associate and might cowl a spread of biotechnology purposes corresponding to biorefining, foods and drinks, biomanufacturing, waste administration, textiles and agritech. The grants will allow corporations to safe well timed entry to the amenities and experience very important to expediting improvements.

Firms seeking to entry the fund are invited to get in contact with IBioIC to debate their software within the first occasion, earlier than having their submission assessed on its financial contribution, technical viability and extra advantages for Scotland corresponding to job creation or environmental affect.

You may contact them by means of their web site.

Innovate UK Grant

Who can apply?

Innovate UK is the UK’s innovation company and is a part of the 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 Development Scheme

Who can apply?

The Scottish Development Scheme is a bundle of economic assist of as much as £500m for Scottish companies.

What can it’s used for?

Small and Medium Enterprises (SMEs) in Scotland can apply for:

  • microfinance loans of as much as £25,000
  • debt or mortgage finance of as much as £100,000
  • fairness finance of as much as £2m

Scottish Enterprise Fund

Who can apply?

The Scottish Enterprise Fund invests in corporations from start-ups, early-stage to increasing companies in search of funding to develop merchandise and/or markets.

What can it’s used for?

This fund is for growing merchandise and/or markets. It will probably make investments alongside refined non-public sector traders on equal phrases, as much as a most of fifty per cent of the entire funding bundle on a business foundation. This versatile fairness hole fund invests alongside non-public sector traders, providing fairness funding from £10,000 as much as £2m.

Open Fund: Sustaining Artistic 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 £500 and £100,000
  • The fund goals to allow people and organisations to discover methods of working that may assist them to adapt and reply to the present altering circumstances
  • The fund is open all 12 months spherical, with no deadlines and might assist exercise for as much as 12 months

NESTRANS Sustainable Journey Grant Scheme

Who can apply?

Functions will be made on behalf of:

  • Any enterprise or different organisation, together with charities, not for revenue and public sector businesses, based mostly in or working in Aberdeen or Aberdeenshire
  • A selected office or part inside such a enterprise or different organisation
  • Industrial or public service premises (not a non-public residence) at present attracting guests or clients by automobile

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.

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 as much as £100,000 in funding plus a enterprise assist bundle to assist them profit from any grant cash.

The principle classes inside which awards are made are: Artistic, Social Enterprise, Round Financial system and STV Development Edge, which is open to consumer-based product companies.

Forestry Grant Scheme

Who can apply?

Any dimension of enterprise.

What can it’s used for?

This scheme is concentrated on offering monetary assist for companies concerned within the creation of both new woodland areas or the sustainable administration of present woodlands. It’s managed by the Scottish Rural Funds and Companies company and Scottish Forestry.

Small Innovation Grants Scheme

Who can apply?

Open to SMEs within the Highlands and Islands. The award of this funding is discretionary, with precedence given to innovation initiatives which are instantly responding to the Covid-19 disaster.

What can it’s used for?

This grant scheme is run by the Highlands and Islands Enterprise company, which relies in Inverness. The company can supply grants of as much as £15,000.

It could possibly be a health-related answer, or one thing that helps different companies get again to work –whether or not by means of diversification, use of know-how, adapting enterprise practices to regulate to the altering financial atmosphere or growing new merchandise to proceed to commerce.

Tradition & Enterprise Fund Scotland

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 provides pound for pound match funding for eligible initiatives of between £1,000 and £40,000 (excluding VAT) and is offered throughout two tiers:

  • Smaller funds of between £1,000 and £3,000
  • Bigger funds of over £3,000 and as much as £40,000

Its goals are to encourage companies to sponsor arts and heritage exercise inside Scotland whereas constructing new enterprise sector partnerships over a minimal two to three-year dedication.

Fife Monetary Help to Companies

Who can apply?

Fife’s monetary assist covers companies within the space seeking to make investments and develop.

What can it’s used for?

The fund quantity is as much as 70 per cent or £10,000, whichever is the smaller price. It’s absolutely repayable and have to be paid again over an agreed interval aside from some small funds that are a combination of repayable and straight grant funded assist.

Funding is meant for use for measures like product growth and property enhancements in addition to coaching and market growth.

Workforce Upskilling Grant

Who can apply?

Firms in Fife seeking to enhance the productiveness and profitability of their enterprise by means of workers coaching

What can it’s used for?

This scheme gives you at grant of as much as £2,000 when you’re seeking to enhance productiveness and profitability by means of workers coaching. The Workforce Upskilling Grant could be a 100 per cent contribution – so if the entire price of the coaching is £2,000 or much less, they’ll cowl the complete quantity.

Orkney Islands New Enterprise Begin Up Grant

Who can apply?

Your organization have to be based mostly in Orkney and using fewer than 50 folks in whole. Candidates have to be growing a brand new start-up enterprise and construct a full-time sustainable enterprise.

What can it’s used for?

Orkney Islands Council fund the New Enterprise Begin Up Grant and may give you £500-£1,500.

The council is seeking to goal tourism, foods and drinks, renewable vitality, lifeline native service suppliers and community-based social enterprise corporations. Franchise companies are additionally eligible.

West Dumbarton Enterprise Begin Up Grant

Who can apply?

This grant is for folks in West Dunbartonshire to stand up to £500 assist.

What can it’s used for?

Enterprise start-up prices.

Versatile Workforce Improvement Fund

Who can apply?

Accessible to all of Scotland’s employers who pay to the UK authorities’s apprenticeship levy.

What can it’s used for?

The Versatile Workforce Improvement Fund (FWDF) helps companies proceed to spend money on their workforce.

Helpful hyperlink: – In search of funding? Discover the proper finance for your enterprise right here

Learn extra

150 UK small enterprise grants to use for proper now

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