Business Gateway Fife

Funded by Fife Council and delivered by Business Gateway Fife, the Fife Investment Fund provides financial support to Fife-based businesses looking to invest in and grow their business or progress towards Net Zero.  
  
The fund provides a fully repayable grant of up to £10,000 or 70% of the overall costs of the project being undertaken (whichever is lower) with the following conditions:

• No interest or any other charges
• An initial payment holiday of 6 months
• Following the repayment holiday, up to 24 months to fully repay the grant.

There are a number of ways the fund can be used including:

• Purchasing plant and machinery
• Property improvements
• Product development
• Process improvements
• Training
• Market development 

You may be eligible if you are a small to medium-sized business (SME) based in Fife and can demonstrate that the support will lead to increased turnover and/or employment for your business, or help it progress toward net zero emissions. Applications are submitted at the discretion of your Business Gateway Adviser.

Fife Council’s Business Efficiency Grant provides financial support to help small and medium-sized enterprises (SMEs) in Fife become more efficient.

The initial round of applications opens on 1 March 2024 and closes on 30 April 2024. Further application rounds will be held if budget allows.

The fund provides small non-repayable grants of between £3,000 and £20,000 (£5,000 max for short-term let providers). These will cover up to a maximum of 90% of eligible project costs.

Grants can be used to help with costs in 2 eligible areas:

Net zero

The net zero grants help companies invest in measures that will increase the efficiency of their premises, processes and technologies. The funding can be used to:

• make the fabric of a building more energy efficient
• replace outdated heating, lighting or other systems
• introduce energy generation or storage solutions
• replace equipment used in the business processes with cleaner and more efficient alternatives

Digital development

The digital development grants help companies invest in digital solutions to improve their efficiency, competitiveness and reach. Eligible uses could include:

• a tourism or hospitality business implementing an online booking system
• a retail business implementing an integrated e-commerce, point of sale and stock control solution

Applications are completed by a Business Gateway adviser, then checked, signed and submitted by the business that's applying. Therefore, you must be working with Business Gateway Fife to be considered.

You'll need to provide detailed information about your business (including financial) and your proposed use of the funds (including quotes for proposed work or equipment purchases) to complete the application form.

The Business Efficiency Grant is delivered by Business Gateway Fife on behalf of Fife Council and is fully funded by the UK government through the UK Shared Prosperity Fund.

To find out more and submit an enquiry - https://findbusinesssupport.gov.scot/service/funding/business-efficiency-grants-for-fife-based-businesses