Growing and developing your business may require financial support.
Finance Scotland can help you find finance specific to your business.
Click on the boxes below to find out further information on funding available to you.
Business Loans Scotland is a consortium of Scotland’s 32 local authorities, providing loan finance up to £100,000 to new and growing small and medium sized businesses (SMEs) across Scotland.
For more information and to apply online visit www.bls.scot
Back To TopThis Fife Council support can help with funding to encourage small companies in Fife to invest and grow their business and can help in the following areas – plant and machinery, property improvements, product development, process improvement, training and market development.
Your company may be eligible for assistance if you employ up to 50 people in manufacturing, business to business services or tourism. Your development plan must show that the investment will bring an economic benefit to Fife by way of increased employment and/or turnover.
Contact an adviser on 01592 858333 to discuss your situation.
Back To TopFife Council provides a range of services and practical assistance to help businesses develop existing and new markets. We can help you exploit the business opportunities that arise from participating in trade exhibitions, learning journeys or trade missions.
Trade development support is available for Fife companies who want to attend exhibitions. For information contact fifemeansbusiness@fife.gov.uk
Back To TopIf you are a small business located in Central Scotland you can apply for a loan of £50,000 from DSL Business Finance, the not-for-profit business lender. DSL specialises in start-up and gap finance for small firms, charities and social enterprises which are unable to get funding from banks. DSL is an ethical lender; any profit it makes is ploughed back into providing loans for small firms rather than distributing to shareholders or paying staff bonuses.
Using a Government scheme called The Enterprise Finance Guarantee, DSL can lend to firms even if they have no security or have been turned down by the banks. This fund has been in existence for many years, and is often used as part of a funding package for a business as the "makeweight" in a commercial transaction where other lenders are also supporting the proposal, but the risk is shared between them and DSL.
The Scottish Microfinance Fund (SMF) is managed by DSL Business Finance Ltd (DSL), a not-for-profit lender, with the support of UK Government through the Start-up Loans Company (SULCo) and the European Regional Development Fund (ERDF) to provide loans of up to £25,000 to businesses in Scotland.
The SMF is available to both new and established businesses, with a prime objective of supporting enterprise in Scotland.
Back To TopThe Scottish Government can provide financial assistance to new and existing businesses in Scotland. Following a review of their grant scheme structure in 2007, they can now offer direct financial support through our Investment and Innovation Grants which could help develop your business.
For more information on how to apply contact Business Gateway Fife on 01592 858333 or email success@bgfife.co.uk
Back To TopSmall, medium and large enterprises may receive funding for research and development, even if the innovation is new only to your business. The product need not be innovative within a national context.
Find out more about research and development grants on the Scottish Enterprise website
Back To TopIf your innovation represents a significant technological advance within your industry sector, then you may qualify for a Scottish Government SMART:SCOTLAND grant. Funding is available for small to medium sized enterprises (SMEs) which have:
For more information visit www.scottish-enterprise.com
Back To TopStart Up Loan is a government-backed personal loan available to individuals looking to start or grow a business in the UK.
With a fixed interest rate of just 6% per annum and the ability to borrow between £500 and £25,000, Start Up Loans offer an affordable source of finance to help new and early stage business owners bring their plans to life.
Start Up Loans are available to individuals over the age of 18 who are eligible to start a business in the UK. Individuals can only receive one Start Up Loan, however more than one partner in a business can be eligible to apply for a loan.
More info:-
For more information and to check eligibility visit https://www.startuploans.co.uk/
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