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Grants & funding for businesses

Growing and developing your business may need some sort of financing. 

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 Improvement Grant

The Business Improvement Grant is designed to support existing businesses with potential shop front upgrades or improvements to their business, for example, developing an online presence, entering the world of e-commerce or looking at diversifying their business.

If you are considering any improvements to your business, why not discuss your plans with a business adviser and discover whether support funding may be available.

Please note, further conditions apply.

For more information on how to apply and if you are eligible, visit Business Gateway, phone 01592 858333 or email success@bgfife.co.uk  

Create in Fife Grant

The Create in Fife Fund has been launched to offer financial support to creative businesses in Fife.  The management and administration of the fund will be delivered through Business Gateway Fife on behalf of Fife Council Economic Development.

The fund will offer a 50% contribution up to a maximum of £1000 and will support the following areas:

  • Market development
  • Web development
  • Feasibility research
  • Process and product development
  • Trade exhibition attendance as an exhibitor although not travel costs
  • E-commerce development
  • Expert help consultancy contributions
  • Capital equipment
  • Premise refurbishment

For more information on the fund, contact Business Gateway Fife on 01592 858333, email success@bgfife.co.uk or visit  http://www.businessgatewayfife.com/funding-and-investment

Crowdfunding

Although crowdfunding has been operational for some time in the USA and the UK, the creation of a new Scottish crowdfunding platform is an exciting new development in sourcing finance for SME’s.

Individuals, businesses, charities and community groups are now able to bring their projects or businesses to a wider audience via the internet and request financial support.

Bloom Venture Catalyst, the brainchild of two Scottish female entrepreneurs, has been launched and offers access to funds and help to define the project to ensure its optimum chances of gaining support. The projects are listed for between 30 to 60 days depending on the wishes of the project owner.

For more information visit www.bloomvc.com

 

East of Scotland Investment Fund

The East of Scotland Investment Fund (ESIF) is a consortium of nine Local Authorities, including Fife Council, working together to provide loan finance to new and growing businesses within the east of Scotland.

To find our more information and how to apply, visit http://www.eastscotinvest.co.uk/  or call Business Gateway on  01592 858333.

Fife Fisheries Development Fund

The FFDF is a discretionary grant scheme operated by Fife Council to support fisheries businesses based in Fife. It will contribute up to 50% of eligible costs (excluding VAT) for investment projects to be undertaken, up to a maximum of £5,000 per individual business beneficiary.

Who can apply?

The scheme is open to owners of Fife-based fisheries businesses.  This includes:
Fishing vessels operating from Anstruther District and registered with the Scottish Fishing Vessel Licensing Scheme/ Register of Shipping and Seamen, and thus licensed to fish commercially for sea fish.

Businesses operating in Fife in the production, processing and marketing of landed seafood products.

What can be supported?

Projects that aim to create new jobs or safeguard those already in place.

Eligible types of project work can include:

  • Improving engine efficiency
  • Training
  • Marketing
  • Improvements to product quality

Where can I get more information & advice?

Application packs & further Information are available from:

Bill Hughes
Fishermen’s Mutual Association (Pittenweem) Ltd
23 East Shore
Pittenweem
KY10 2NH
Tel: 01333 311263    Email: sales@KingdomSeafood.co.uk

Or

Graeme Ferguson
Economy, Planning & Employability Services
Fife Council
Kingdom House
Kingdom Avenue
Glenrothes
KY7 5LY
Tel: 03451 55 55 55 + Ext 442416   Email: graeme.ferguson@fife.gov.uk

Fife Investment Fund

This Fife Council funded grant 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.

Fife Market Development Programme

Fife 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.

Market development grants are available for Fife companies who want to attend exhibitions outside of Fife. For information contact Dot Smith 03451 555555 ext 492175 or email Dorothy.Smith@fife.gov.uk

Loans for small businesses

If you are a small business located in Central Scotland, including Fife, you can apply for a loan of £5,000 to £30,000 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.  DSL has a track record of success and a 92% client satisfaction rate.  Since setting up in 1993 DSL has helped more than 600 businesses to create 2,000 jobs by providing investment of £7 million.

For more information visit www.dsl-businessfinance.co.uk

Regional Selective Assistance

The 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. To find out more visit the Regional Selective Assistance homepage.

For more information on how to apply contact Business Gateway Fife on 01592 858333 or email success@bgfife.co.uk

Research & 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

SMART : Scotland

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 www.scottish-enterprise.com

Start up loan for new businesses

Business Gateway Fife is working in partnership with Start Up Finance Scotland to offer support to individuals looking to start a new business (or have started within 12 months) to provide funding.

For more information on how to apply visit http://www.startupfinancescotland.co.uk/or contact Business Gateway Fife on 01592 858333 or email success@bgfife.co.uk

Town Centre Business Support Fund

Business Gateway Fife is delighted to be able to offer valuable support funds for town centre businesses as Fife Council continues its efforts to revitalise its key towns. 

For more information on how to apply and if you are eligible, visit Business Gateway, phone 01592 858333 or email success@bgfife.co.uk   

Vacant Property Grant

The Vacant Property Improvement Grant is designed to support physical improvements to the exterior or interior of vacant properties (empty for 6 months or more) to support new and existing businesses opening new outlets in town centre areas.  

For more information on how to apply and if you are eligible, visit Business Gateway, phone 01592 858333 or email success@bgfife.co.uk  
 

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