Support for business

Access to finance

There is grant funding available from the council to help you expand your business.

The council offers two different types of grant funding through our Business Support Grants to new and established businesses based in the South Lanarkshire area.

  • Small Business Support Grant is available up to a maximum of £3,000 and is paid on approval
  • Business Recovery and Growth Grant is available up to a maximum of £20,000 and is paid retrospectively after the project is complete.

These grants are a maximum of up to 50% of any total funding you require. Your business will be required to have identified and have in place the other 50% of the total cost of your project.

These grants are available to businesses employing less than 250 employees that can increase turnover, profit, and the number of employees through a project that has not yet started.

We encourage applications that will introduce new and, or products, processes, or services and to help you move into new markets.

These grants are competitive and discretionary funds which means the council reserves the right to determine whether the business receives funding as its sole discretion.

We would actively encourage you to explore other sources of funding first as our grant support is funding of last resort. Other funding routes are available at https://findbusinesssupport.gov.scot/. We would encourage you to call Business Gateway Lanarkshire on 01698 756956 and speak to a business adviser 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.

If you would like to discuss your project before applying, please email your contact details to business.support@southlanarkshire.gov.uk marked Grant Enquiry and we will contact you.

The South Lanarkshire Small Business Grant is a discretionary programme that can provide up to 50% match-funded grant support up to £3,000 for businesses with more than one full time employee. For self-employed individuals, with no employees, the maximum grant available is up to 50% and a maximum of £1,000. This is funded by South Lanarkshire Council and any decision re the award of this grant is at our sole discretion.  The aim of the fund is to help micro and small sized businesses fund a new project to safeguard jobs and improve the viability of the business.

The grant is up to a 50% contribution towards the cost of new equipment, property improvements, or other project costs such as digital trading, that will help the business grow from where you are at present. The grant will be paid after your application has been submitted in full, reviewed and approved for payment.  To help your cash flow, you will not need to pay the costs in full and then reclaim the grant from us but you will need to have at least 50% of your funds available before you apply. Any grants will be awarded based on the costs excluding VAT.

To find out more see our Small Business Support Grant page.

You will be asked to upload at least 6 pieces of evidence on the application form which may take some time to gather together in the appropriate format.

Please take some time to read through this section of the website and gather these as the application does not allow you to save and return to complete it.

We require the following pieces of evidence:

  1. one clearly marked quote for each item of your proposed expenditure
  2. latest 3 months bank statements for your business
  3. evidence of business address (if you work from home this will be evidence of your home address)
  4. most up to date financial records/accounts
  5. a cash flow projection for the next 12 months
  6. proof of your personal identity

There is information on the evidence required on our Small Business Support Grant page.

The South Lanarkshire Business Recovery and Growth Grant (SLBRGG) is a competitive, discretionary grant fund targeted at new and existing businesses based in South Lanarkshire to support their long-term sustainability and growth. SLBRGG grants will provide 50% of eligible project costs (excluding VAT), up to a maximum grant award of £20,000 to fund specific activities to help businesses recover and grow.  This grant is funded by South Lanarkshire Council and the European Regional Development Fund. 

The maximum grant level on any project is £20,000 and all approved applications will be supported at the rate of 50% of eligible project costs (excluding VAT)

The types of project costs we can consider are detailed below:

Capital equipment purchases. Examples could be the purchase of capital equipment that will help you diversify into a new products, or improve your processes, and access to new customers. 

Infrastructure improvements. Examples could be permanent improvements undertaken to change the layout of the business premises, improve the process flow, add a new service into the business.

External expert costs of bringing in a specialist to help your business at this time. Examples could be e-commerce developments to diversify, or quality certification support to secure new business.

External expert costs of bringing in a specialist to help your business at this time. Examples could be e-commerce developments to diversify, or quality certification support to secure new business.

Training grant to support training costs that will assist the business growth. Examples could be training that is non-statutory and not core to the business such as quality or e-commerce related, or other training that will improve skills within the business. Training which can be supported under any other training funding, including Skills Development Scotland should not be applied for within this application

Exploring new markets. Grants towards exhibition space and stand costs of attending UK and international trade events once these reopen. 

To find out more see our South Lanarkshire Business recovery and growth grant page.

Business Loans Scotland offers secured loans from £25,000 to £100,000 to businesses employing more than 10 people. It can fund up to 50% of your project costs for working capital, capital expenditure or property purchase. The interest rate is 6% and there is no arrangement fee. The interest rate may be higher for new businesses with low levels of security.

Resource Efficient Scotland provides unsecured, interest free Scottish Government loans of up to £100,000 for the installation of energy efficient measures such as lighting and heating upgrades, insulation, waste reduction and much more.

Email them on enquiries@resourceefficientscotland.com or call 0808 808 2268.

The Prince’s Trust can help anyone aged 18-30 to explore a business idea and provides a package of training, funding and a business mentor for up to two years.

Scottish Microfinance Fund provides business loan funding up to £25,000 to businesses with less than 10 employees, at a 6% interest rate. No match funding is required. 

Email them at info@dsl-businessfinance.co.uk or call 0141 425 2930.

The Start up Loan Company provides individuals at least 18 years old with personal loan funding up to £25,000 at a 6% interest rate and 12 months of free mentoring.  The business may have started up already but must be trading for less than 24 months.

The Digital Development Loan provides unsecured loans from £5,000 to £100,000 at 0% interest to limited companies, sole traders, partnerships and social enterprises. This can cover the costs of improving your company’s digital capacity, capability and/or the digital skills of the workforce. The loan is repayable over 3 months to 5 years and businesses must be trading 6 months or more.

FindBusinessSupport.gov.scot directs your business to Scotland’s public sector support. It gives customers an overview of all funding and services offered by public sector organisations across Scotland. This makes it quicker and easier for businesses to find the information, advice and support they need, when they need it.

Information is available for businesses of all sizes – from start-ups to established companies, from sole traders to large enterprises, from commercial businesses to social enterprises.