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Support for local businesses

Business Development Grants 2016 - 2018

East Renfrewshire Council has launched a new Business Develop Grant Programme. The Growth New Start Fund and Growth Company Development Fund are part-financed by the European Regional Development Fund (ERDF). In addition, there is also have a micro business grant and property support grant.

Logo to Invest East Renfrewshire

Between now and the end of March 2019, there is grant funding available to develop and strengthen businesses based and trading within the East Renfrewshire Council Area.

Grants will come alongside a support package from both Business Gateway and the Council's Economic Development Team and will work with and complement existing support available.


Growth New Start Fund up to £1,000

Designed to support businesses trading for no more than one year with the potential to achieve a minimum annual turnover of £100,000 within three years of trading. 

ERDF logo

The grant can provide assistance of up to £1,000 towards the start-up costs of businesses that are able to demonstrate growth potential. 

Growth Company Development Fund up to £10,000

Designed to support growth businesses which have been trading for more than one year and can demonstrate the potential to achieve a turnover over £150,000 per annum within 3 years of receiving the grant, but less than €50 million and a workforce of less than 250.  The fund can provide up to 50% of eligible costs to a maximum of £10,000. 

The Growth New Start Fund and the Growth Company Development Fund are both part-financed by the European Regional Development Fund (ERDF).

Please note that applications for ERDF funding will close on 31 August 2018.  All applicants must be able to complete their project and claim all funds back by 31 March 2019.   

Micro Business Grant up to £500

This small grant is designed to support businesses trading for no more than one year with a turnover of less than £83,000.  It can provide assistance towards small important purchases or activity that will make a difference to the sustainability of your enterprise. 

All applicants must be able to complete their projects and claim all funds back by 31 March 2019. 


Download Documents

For further information please contact:

Business Development Team Leader
0141 577 3106
Email: business@eastrenfrewshire.gov.uk

Business Loans Scotland

This fund provides loan finance to new and existing small to medium sized businesses that have a good, viable proposal but have difficulty raising finance from normal commercial sources.     

Business Loans Scotland can provide loan finance up to £100,000 to new and growing, small and medium sized businesses (SMEs). The primary focus is on Business to Business (B2B) and Business to Consumer (B2C) categories.  Please see the website www.bls.scot for more information.

DSL Business Finance supports Micro Businesses with under 10 employees looking for funding of less than £25,000.  Please see the website www.dsl-businessfinance.co.uk for more information. 

Loans can be used for:

· Working capital

· Purchase of plant, equipment or property

For information please contact:

Business Development Team Leader
Phone: 0141 577 3106
Email: business@eastrenfrewshire.gov.uk
 

 

 

 



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