Accessing financial help
Financial help for businesses
We offer a range of discretionary grants and loans to new and established businesses based in the South Lanarkshire area. This is for micro, small and medium sized businesses that will increase turnover, profit and the number of employees through a growth project that has not yet started. We encourage applications which will introduce new and, or improved products, processes or services into the business and assist growth into new markets. Financial help is provided through the Business Support Grant and Business Loans Scotland. We would actively encourage other sources of funding to be explored first and for our grant support to be the funding of last resort. Other funding routes are available here https://www.mygov.scot/funding-opportunities/.
These are competitive and discretionary funds aimed at new and existing businesses based in South Lanarkshire that are considering investing in a project to help the business grow. For clarity, discretionary means the council has discretion in determining whether or not the applicant receives funding.
Business Support Grant
The Business Support Grant is funded by the Council and European Regional Development Fund. To be considered for support, businesses must be able to clearly demonstrate results from the project and how the project will directly increase jobs, turnover and profitability. They should also be able to show the need for public sector grant funding for the project. For more details on eligibility, grant conditions and project results see the business support grant guidelines.
The minimum grant level is £1,000.
The maximum grant level on any project is £10,000.
The Business Support Grant is split into:
Grants of up to £3,000 or 50% of eligible cost, whichever is the lower amount, towards external specialist consultancy costs. Examples could be e-commerce development and quality certification support. More on External expert
Grants of up to £10,000 or 50% of eligible costs, whichever is the lower amount, towards new capital equipment purchases. Examples could be the purchase of capital equipment that will introduce new and, or improved products, processes or services into the business and assist growth into new markets. More on Capital equipment
Grants of up to £10,000 or 50% of eligible costs, whichever is the lower amount, towards permanent property improvements. Examples could be permanent improvements undertaken to assist the introduction of new and, or improved products, processes or services into the business and growth into new markets. More on Infrastructure improvement
Exploring new markets
Grants of up to £3,000 or 50% of eligible costs, whichever is the lower amount, towards exhibition space and stand costs of attending UK and international trade events. More on Exploring new markets
The maximum grant award for any application is up to £2,000 or 50% of the eligible training fees, whichever is the lower amount. Training which can be supported under any other training funding, including Skills Development Scotland should not be applied for within this application. More on Training grant
Applying for business support
We would encourage you to start the process by calling the Business Gateway on 01236 702020 and speaking to a business adviser about your business and the eligibility of your project to make sure you maximise the wider support available for your business and explore all the alternative sources of funding available. Whatever stage your business is at, Business Gateway offer practical help, advice and support to help you grow your business, including workshops and events.
To complete an online enquiry form click on the link and you will be directed to our online grant application system.