Companies looking to invest in and grow their business may be able to access up to £10,000 of interest free repayable financial support through Business Gateway Fife/Fife Council for:
- Plant and machinery
- Property improvements
- Product development
- Process improvements
- Market development repayable grant
Business Loans Scotland
New and growing Fife businesses can access gap funding and borrow from £25,000 up to £100,000 through this fund.
- Loans up to £50,000 typically unsecured
- Fixed Interest Rate
- Repayment period up to 5 years
- No additional fees or charges up to £100,000 with Typical 6% APR
To find out more, or to apply online, visit www.bls.scot
DSL Business Finance
Our partner DSL provide Start-up and Gap finance which is available to small firms, charities and social enterprises unable to get funding from banks. Loans of £5,000 to £25,000 are available and can be used for requirements such as:
- Purchase of Machinery/Vehicle
- R&D and working capital to support business expansion up to £25,000
To find out more, visit www.dsl-businessfinance.co.uk.
Regional Selective Assistance
RSA Grant scheme for businesses to assist projects that create or safeguard jobs in Scotland. Depending on the location of the project and the size of business, discretionary RSA grants of up to 30% are available to companies creating jobs in Fife.
Zero Waste Scotland
Funded by the Scottish Government to help businesses reduce costs through improved energy, material resource and/or water efficiency.
Unsecured, interest free loans from £1,000 to £100,000 are available up to £100,000.
To find out more, visit https://energy.zerowastescotland.org.uk/.
SME Competitiveness Fund
Trade Development Grants - assisting businesses to exhibit at trade shows within the UK and participate in overseas trade missions with funding of up to 100% of eligible costs, up to a maximum of £2,000.
Workforce Upskilling Grants - for businesses looking to develop their workforce, funding of up to a maximum of £2,000 is available to put existing staff through training.
To find out more, contact Business Gateway Fife on 01592 858333 or email@example.com.
Research and Development Grants
Small, 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.
If 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:
- Less than 250 employees
- An annual turnover of less than EUR 50 million; and/or
- An annual balance sheet total of less than EUR 43 million
For more information visit Scottish Enterprise.