Small Business Grants in Scotland

As you may expect there a number of grants available in Scotland to help you develop your new business. The government is particularly keen to develop small business which it sees as a growth engine of the economy as well as to attract business into Scotland.

While these grants won’t cover your start up costs – they can provide a very useful access to some support and to lines of credit.

The business start up award – Up to £500 towards internet ready hardware and software

Microcredit – Low cost flexible loans. The first loan is up to £500 per person with a maximum of £5,000

Soft Loans between £5,000 and £10,000. These loans are available through most banks and are underwritten by the government.

More details of these grants can be found on the Scottish Executive Web Site

If you live in an assisted area you may be eligable for a Regional Selective Assistance Grant.

The Assisted Areas cover 48% of Scotland’s population and the aid intesity levels can be 10%, 15%, 20% or 30%.

More details can be found on the RSA website at www.rsascotland.gov.uk/