Grants

There are several forms of funding which are available. Whether you are an existing business, a start-up or developing an innovative product, one of the following could be for you.

• Regional Selective Assistance
• Innovation grants
• Business Gateway start-up
• Prince's Scottish Youth Business Trust
  

Regional Selective Assistance (RSA) is a national grant scheme administered by Scottish Enterprise. It is aimed at encouraging investment and job creation in specific areas of Scotland. Businesses of all sizes can apply for RSA, whether they are Scottish-owned or owned or headquartered outside Scotland. For further information visit: www.rsascotland.gov.uk

Innovation – Scottish Enterprise offers a range of Innovation support schemes to encourage small to medium sized enterprises (SMEs) to develop new products and processes. These are national schemes that operate across the whole of Scotland. The schemes have different criteria for support but are open to all SMEs who have or intend to have a business location in Scotland. For more information visit the Scottish Enterprise's guide to innovation support, grants and awards.

Business Gateway – If you want to start your own business, then you might be eligible for some form of financial assistance but this is likely to depend on which type of business and the geographical location.  Business Gateway can also provide a whole range of information including advice on finance, taxes, employing people, sales and marketing and much more to those who are starting or expanding their business.   
Please visit Business Gateway Finance for more details. 

Prince's Scottish Youth Business Trust (PSYBT) – If you are setting up your own business and are between 18-25 years old (or up to 30 with a disability) you may be eligible for a grant of up to £1,000 and a loan of up to £5,000 at 4% interest. Those with full rights of free movement within the European Union and those who have 2 years' leave to remain on the Post Study Work scheme are also eligible to apply. For more information please visit  www.psybt.org.uk