Small Business Assistance Grant

Grant funding is available to small and medium-sized businesses in Inverclyde, for capital expenditure projects which will stimulate business growth. Grants of up to £5,000 are available, covering up to 50% of costs. Applicants must have a business plan and financial projections, a clearly defined market, have carried out a competitor analysis, and should demonstrate how the company intends to capture market share.

The SBA provides ‘gap’ funding - the minimum finance needed to allow a project to proceed after a business establishes how much it can raise itself and from banks and other lenders.

Grants will fund up to 50% of ex-VAT costs for projects. The retail sector (and others where there is likely to be high displacement of other local businesses) are not eligible for this grant.

For further information please contact:

Will Nisbet, Business Development Team Leader, Inverclyde Council, Regeneration & Planning, Municipal Buildings, Clyde Square, Grenock PA15 1LY

will.nisbet@inverclyde.gov.uk

01475 715555