Business Investment Packages
As part of its on-going commitment to supporting
local business growth and development, Perth & Kinross Council
has introduced a number of financial investment packages
- Business Growth Grant - The
Business Growth grant has been designed to assist local businesses
looking to undertake viable growth projects. The business must be
able to demonstrate that any proposed project is essential to
ongoing business growth and that it will have a positive economic
impact on the local area. Potentially viable projects include the
purchase of capital equipment, product development initiatives and
property improvements.
Main Criteria & Requirements:
- Business must be trading or a proposed start-up with
significant growth potential
- Project must be viable
- Up to a maximum of £20k
- Can be no more than 50% of total project cost
- Business Plan with two year cashflow forecast
- Business must be based within Perth & Kinross
- Cannot be used for working capital
- No retrospective claims can be accepted
- Project must not be started prior to approval being given
- Includes all of Perth & Kinross
- Retail, Professional & Personal Services are excluded
- Grant may be fully repayable if business ceases trading or
moves out-with the Perth & Kinross area within 3 years of
receiving the grant
- Overseas Market Development Grant
(OMDG) - The Overseas Market Development Grant
is a new scheme designed to help remove barriers for growth
businesses considering internationalisation as part of their growth
strategy. Attending overseas trade shows is a very effective way
for you to test markets, attract new customers, source agents or
distributors and make sales.
Main Criteria & Requirements:
- Up to 50% match funding up to a maximum of £2000
- Can assist with the cost of travel, accommodation and taking
stand space
- Cannot be used to attend events previously attended
- Can be no more than 50% of total project cost
- Business must be based within Perth & Kinross
- No retrospective claims can be accepted
- Project must not be started prior to approval being given
- Includes all of Perth & Kinross
- Must form part of an over all marketing strategy
- Business must be able to demonstrate that the proposed activity
will help it to meet its growth objectives
- Full application form required
- No retrospective claims can be accepted
- Retail, Professional & Personal Services are excluded
- Grant may be fully repayable if business ceases trading or
moves out-with the Perth & Kinross area within 3 years of
receiving the grant
- The East of Scotland Investment Fund
(ESIF) - Provides loan finance to growing
businesses within Perth and Kinross. ESIF may be
suitable for businesses with commercially viable proposals but who
may experience difficulty in raising all of the required funding
from the usual commercial sources. Applicants must be able to
demonstrate a funding gap as we cannot be the sole funder of
projects.
Loans can be used for the purchase of plant and equipment (new
or used), the provision of working capital, the purchase,
refurbishment or expansion of commercial property and for the
purchase of a business.
Main Criteria & Requirements:
- Loans of up to £50,000 may be available to eligible
businesses
- A minimum of 50% of the total funding package to be provided by
the private sector
- Interest rates are fixed, currently at 6%, for the duration of
the loan
- Maximum repayment period is 5 years.
- Consideration will be given for ‘capital repayment’
holidays on a case by case basis.
- Loans cannot be used for speculative property development for
sale or lease or to finance private cars
- Ineligible sectors include retail, personal, local and
professional services , pubs & clubs and speculative property
development
- ESIF will reserve the right to seek any form of security where
it is deemed appropriate
For further information go to www.eastscotinvest.co.uk
| For further details and conditions related
to any of the above financial investment packages, please contact
us on t 01738 47 50 00 or
e BusinessGrowth@pkc.gov.uk |
