GRANTS/FUNDING

A wide range of grant/support options are available for potential investors in Glasgow:

Regional Selective Assistance

Regional Selective Assistance (RSA) is the main investment grant scheme for business in designated areas of Scotland (the 'assisted areas').  Most of Glasgow benefits from assisted area status and you could qualify for funding towards an investment project which will create or safeguard jobs.

For more information:
Tel: +44(0) 845 607 8787
E: rsa@scotent.co.uk
www.scottishbusinessgrants.gov.uk/rsa/208.html

Innovation Funding

A variety of funding and support is available to help develop your innovative business ideas - the SMART:SCOTLAND grant, Research and Development grants, Technology Strategy Board funding and the Business Transformation Fund.

For more information visit:
www.scottish-enterprise.com/funding-grants/innovation-grants

Scottish Seed Fund (SSF)

The SSF offers investment between £20,000 and £100,000 to start-up and expand young, growing companies.Aimed at businesses which have a high potential for growth by launching new products, breaking into new markets or boosting employment.

For more information visit:
www.scottish-enterprise.com/funding-grants-seedfund

Scottish Co-Investment Fund (SCF)

The SCF is an equity investment fund established by Scottish Enterprise, partly funded the the European Regional Development Fund, to invest from £100,000 to £1 million in company financial deals up to £2 million.

For more information visit:
www.scottish-enterprise.com/funding-grants-coinvestmentfund

Scottish Venture Fund (SVF)

Invests between £500,000 and £2 million, alongside private sector partners, in company finance deals of between £2 million and £10 million.

For more information visit:
www.scottish-enterprise.com/sedotcom_home/grow-your-business/find-money-to-grow/equity-funding

Scottish Loan Fund (SLF)

The SLF is a new fund targeted at growing and exporting businesses which has been introduced by the Scottish Investment Bank.  It is open for loans from eligible businesses across Scotland.  It can provide loans of between £250,000 and £5m to companies with an annual turnover above £1m that demonstrate growth or export potential.  The fund will be managed by independent fund managers - Maven Capital Partners.  For more information - Tel: 0844573 8460 or e-mail enquiries@mavencp.com

Commonwealth Jobs Fund

The Commonwealth Jobs Fund is a new fund which aims to create 1,000 new jobs in Glasgow by July 2012.  This scheme will be aimed at people aged 18-24 who have been unemployed for more than 6 months and who live in Glasgow.  For more information - Tel: +44(0)141 204 8327 or e-mail commonwealthjobsfund@glasgow.gov.uk

Commonwealth Graduate Fund
Companies in Glasgow are invited to participate in a new £10m scheme to provide 1000 jobs for graduates. The Commonwealth Graduate Fund will pay employers 50% of the salary costs for graduates they take on, up to a maximum of £10,000 per graduate for one year.

Further information available at http://www.glasgow.gov.uk/en/Residents/LearningEmployment_
Training/CommonwealthGraduateFund/

Glasgow4Business Fund
Discretionary grant to support business sustainability.
Tel: +44(0)141 287 7232/7236
Web: Click here to visit the website

Small Business Loan Fund
Access to gap funding for business development.
Tel: +44(0)141 287 7252
E: Business.Support@drs.glasgow.gov.uk
Web: Click here to visit the website

Supporting Sustainable New Business
New Start Up Grant for businesses under 12 months old.
Tel: +44(0)141 287 572 8336/8484
E: Patrick.cairney@go.uk.com
Web: Click here to visit the website

Small Business Bonus Scheme

From 1st April 2009, a large number of small businesses will pay no rates at all under the Small Business Bonus Scheme. You may qualify if you pay non-domestic rates for properties with a combined rateable value of £15,000 or less.
The savings band for eligible properties are:

Combined rateable value of all business properties in Scotland	Small Business Bonus Relief available
Up to £8,000	100%
£8,001 to £10,000	50%
£10,001 to £15,000	25%

The Application Form will only take a few minutes to complete and can be downloaded by clicking here.