Grants and loan funds are available to support businesses based in Angus.
We work alongside support agencies and funding partners to help new and existing businesses of all sizes. We are here to help you grow and thrive.
The following information about grants and funds was updated on 6th January 2020. Criteria and deadlines can change, so please check with the funding or grant provider before applying.
A business grant can help you fund a specific project if you meet the criteria. You will not have to repay the grant as long as you keep to its conditions.
A grant may only cover part of the total cost of your project. You may need to contribute funding alongside the grant.
The business grants listed below are operated by Scottish Enterprise.
SMART: SCOTLAND grant
Criteria: Research and Development
The SMART:SCOTLAND grant is a research and development (R&D) grant. It supports projects that have higher levels of risk and ambition than usual.
It can help you take your research to the next level using feasibility studies and prototypes to test your idea before going to market.
Your project will need to generate Intellectual Property (IP) that your business will own.
This grant can award up to £100,000 for feasibility studies and up to £600,000 for prototype development.
Closes: 31 August 2021
Learn more about the SMART grant.
Transport: Zero Emission Heavy Duty Vehicles
Grant funding to develop innovative solutions that will help the heavy duty vehicles sector decarbonise.
This funding call offers 100% of eligible project costs to help you undertake detailed design and assess the feasibility of your solution.
Closes: 17 September 2021
Learn more about the Transport: Zero Emission Heavy Duty Vehicles
European Innovation Council Accelerator
Criteria: Small and medium enterprises (SMEs)
The EIC Accelerator supports individual small and medium enterprises (SMEs), in particular startups and spinout companies to develop and scale up game-changing innovations.
UK companies can apply for grants of up to €2.5 million for disruptive, late-stage innovation projects. Low carbon and green tech projects are welcomed.
Closes: 6 October 2021
Learn more about the European Innovation Council Accelerator
Low Carbon Manufacturing Challenge Fund
Criteria: Manufacturing sector
The Low Carbon Manufacturing Challenge Fund (LCMCF) is to support the manufacturing sector to develop new products and processes. It will allow manufacturers (and their supply chains) to participate in (or create new) low carbon markets or to provide significantly lower carbon products for existing markets.
Typical themes include:
- Product design for circularity
- Digital technologies for net zero
- Electrification of manufacturing processes
Opens: August 2021 tbc
Regional Selective Assistance (RSA) grant
Criteria: Create or safeguard jobs
The Regional Selective Assistance (RSA) is a discretionary grant available for businesses who want to develop a project in Scotland. It is operated by Scottish Enterprise.
Support is available if your project will result in the creation or safeguarding of jobs. The amount offered depends on the size of your business, the location, and the cost of the project.
Learn more about the Regional Selective Assistance (RSA) grant
Green Jobs Fund
Criteria: Create jobs
The £4 million green jobs call will open to applications on Tuesday 18 May with grants from £50,000 up to a maximum of £500,000 being awarded on a competitive basis. It is part of a £27 million package of green funding that Scottish Enterprise will distribute to businesses operating in Scotland over the next three years.
Supported through the Scottish Government’s Green Jobs Fund, the funding call is part of Scottish Enterprise’s wider commitment to supporting Scotland’s net zero transition that delivers benefits for our environment, people and economic prosperity.
Learn more about the Green Jobs Fund.
A business loan can help with start-up costs, growth, and development.
It will need to be repaid over a pre-agreed time. You may pay interest on the loan. The repayment period and interest rate will vary depending on the provider’s terms.
Michelin Development Fund
Criteria: Fund creation of new jobs
The Michelin Development Fund offers low-interest loans ranging from £5,000 to £50,000 over 3-5 years. Applicants can choose financial help, business advice, or both.
The fund aims to contribute to the economic regeneration of the Angus and Dundee area by helping businesses create new jobs.
Your business must be an SME in the manufacturing, engineering, or service sector. You must be based in, or relocating to, the Angus or Dundee area.
Learn more about the Michelin Development Fund
Criteria: Small businesses only
Funding Circle is part of the Government-backed British Business Bank Investment Programme. The programme aims to support economic growth by providing more efficient finance to small businesses.
You can borrow £10,000 to £1m for any purpose. You can pay the loan back over six months to five years. There are no fees for full early repayment. Interest rates start at 1.9% per year.
Learn more about the Funding Circle
The Enterprise Finance Guarantee scheme
Criteria: Almost all business sectors are eligible
The Enterprise Finance Guarantee (EFG) scheme supports businesses that cannot secure a loan or other form of ‘debt finance’. This may be due to inadequate security or a lack of proven track record in the marketplace.
The British Business Bank operates this scheme. They are a Government-owned, independently-run development bank.
There are over 40 lenders participating in the EFG scheme. They range from well-known banks to small specialist institutions.
Loans are available from £1,000 to £1.2m.
Learn more about the Enterprise Finance Guarantee scheme
Princes Trust Youth Business Scotland
Criteria: 18 to 30-year-olds starting a business
The Princes Trust Youth Business Scotland scheme provides support if you are aged between 18 and 30 years old and starting a business. The programme also includes training and mentoring support.
Low-interest loans of up to £7,500 are available. The scheme also offers business grants for small start-ups in some circumstances.
Learn more about the Princes Trust Youth Business Scotland scheme.
CEIS Business Finance
Criteria: Small businesses and social enterprises
CEIS support small businesses and social enterprises that are unable to access funding from traditional sources like banks. CEIS offers a range of finance solutions and support services to help establish and grow your business.
CEIS provides start-up loans of up to £25,000 or loans of up to £50,000 for existing businesses.
Learn more about CEIS Business Finance
Business Loans Scotland
Criteria: New or growing SME
Business Loans Scotland (BLS) is the Fund Manager for a £7m loan fund. BLS is a consortium of Scotland’s Local Authorities. They provide funding to new and growing SMEs across Scotland.
They aim to help Scottish businesses trade regionally, nationally and internationally. You can borrow from £25,000 to £100,00 at a fixed interest rate of 6%.
Learn more about Business Loans Scotland
Crowdfunding is an alternative way to raise money for your idea from the people around you. Crowdfunding Angus provides expert crowdfunding coaching, events and grants to fund new business ideas.
If you have a crowdfunding project that aims to deliver better services to people in Angus, you could be eligible for a grant from Angus Council.
Examples of suitable projects include those that:
- reduce child poverty
- improve mental health and wellbeing
- improve accessibility
- improve connectivity
- have the support of the Angus community
By asking the “crowd” to invest in your idea through an online campaign, you can secure the funding you need to deliver your concept.
Crowdfunding is also a powerful tool to help you test new ideas with your customers and improve those ideas based on feedback.
Learn more about Crowdfund Angus
Business Start-up Support
Crowdfunder UK is offering zero platform fees for those fundraising to start up a new business after being affected by coronavirus.
This type of funding applies to businesses who want to reduce their environmental impact by becoming more energy efficient.
Circular Economy Investment Fund and Business Support Service
Criteria: Circular economy product or business model
Circular Tayside provides knowledge and resources to help businesses join the circular economy business movement. The service is run by Dundee and Angus Chamber of Commerce, Perthshire Chamber of Commerce and Zero Waste Scotland.
The fund is available to micro-enterprises, SMEs, social enterprises, and third sector organisations. It can help you to:
- introduce an innovative circular economy product
- Make the change to an innovative circular economy business model
Grants of between £50,000 and £1m are available. Free business support is also available to help organisations develop their circular economy idea.
Learn more about the Circular Economy Investment Fund and Business Support Service
SME Loan Fund from Resource Efficient Scotland
Criteria: Installation of energy-efficient measures
The SME Loan from Resource Efficient Scotland offers unsecured, interest-free loans for the installation of energy-efficient measures. Examples include:
- lighting and heating upgrades
- double glazing
- waste reduction
The programme is delivered by Zero Waste Scotland who offer loans from £1000 to £100,000 for suitable projects.
Learn more about the SME Loan Fund
Local Energy Scotland
Criteria: Non-profit organisations and rural businesses
Local Energy Scotland manages the Scottish Government’s Community and Renewable Energy Scheme (CARES). This scheme offers advice about all aspects of local, renewable energy. It also offers funding to support your project.
Loans and grants of up to £150,000 are available for local energy projects.
Learn more about Local Energy Scotland
Energy Saving Trust – Low Carbon Transport Loan
Criteria: Lower transport and travel costs
The Low Carbon Transport Business Loan offers interest-free loans of up to £120,000 for Scottish businesses. They aim to help you lower your transport and travel costs.
This loan can help you reduce your carbon emissions, save money and increase your competitiveness. There are many different uses, including:
- Purchasing electric hybrid vehicles
- Installing vehicle efficiency devices such as telematics systems
- Installing video and teleconferencing facilities
Learn more about the Low Carbon Transport Loan from the Energy Saving Trust.
There are some organisations that offer funding for social enterprises, charities, and community projects.
Criteria: New social enterprises
Firstport is part of the Scottish Government’s Social Entrepreneurs Fund. It supports new and emerging social entrepreneurs across Scotland. It offers business support, funding and resources to help you start a social enterprise in Scotland.
It offers repayable grants of between £30,000 and £50,000.
Learn more about the Firstport funding scheme
Criteria: Innovative social ventures
Nesta invests in social ventures offering innovative products or services that help address the UK’s most pressing challenges. Examples of these challenges include:
- the ageing population
- educational attainment
- environmentally sustainable communities
Nesta can help your social enterprise understand opportunities, test new ideas, and scale up. There are no set limits for the amount of funding provided.
Learn more about Nesta
Lloyds Bank and Bank of Scotland Social Entrepreneurs Programme
Criteria: Projects with social or environmental impact
The Lloyds Bank and Bank of Scotland Social Entrepreneurs Programme helps social enterprises, charities, community projects and impact-led organisations to start and grow.
They offer a learning programme, grants of between £1,000 and £7,000, mentoring, and a supportive community.
Learn more about the Lloyds Bank and Bank of Scotland Social Entrepreneurs Programme
The following organisations provide funding but do not fit into the categories above.
Food Processing, Marketing and Cooperation (FPMC) scheme
Criteria: Food and drink sector businesses
The Food Processing, Marketing and Cooperation (FPMC) scheme provides grants to suppliers and producers who contribute to the Scottish food and drink sector.
Through this scheme, you can apply for:
- start-up grants for a new food processing business
- development grants for an existing food processing business
The maximum grant award available is £500,000.
Learn more about the Food Processing, Marketing and Cooperation (FPMC) scheme
Scottish Co-Investment Fund
Criteria: SMEs with less than 250 employees and less than €50m turnover
The Scottish Co-Investment Fund aims to address funding gaps for businesses who are expanding into new markets or are developing new products. Scottish Enterprise manages this fund in partnership with accredited investment partners.
This is an equity fund with deals brought forward by partners of the Scottish Enterprise. The investment partner invests on equal terms with the Scottish Enterprise.
The fund can:
- Match accredited investment partners up to a maximum of 50% of the total funding package on a commercial basis
- Provide from £10,000 up to £1.5m, as part of an overall deal size typically ranging from £20,000 up to £10m
Learn more about the Scottish Co-Investment Fund
The Scottish Venture Fund
Criteria: Requires secure funding offer from private sector investor(s)
The Scottish Venture Fund aims to address funding gaps for businesses who are seeking funding to develop products or new markets. This fund is managed by Scottish Enterprise.
This Scottish Venture Fund can invest alongside private sector investors on equal terms. You need to secure an offer of funding from a private sector investor before you can approach Scottish Enterprise. They can then assess the gap in your investment package.
The fund provides from £10,000 up to £2m, as part of a total deal size typically ranging from £20,000 to £10m.
Learn more about the Scottish Venture Fund
Interface – Startup or Growth
Interface connects businesses from any sector to Scotland’s universities, research institutes and colleges. They administer funding programmes offered by The Scottish Funding Council.
Interface can help you find the right University to take your project forward. This can help you develop a new product, process or service, or develop skills in your workforce.
If your project is innovative, the University can apply for up to £5,000 to cover the cost of the project. This is match-funded by the time that your business spends on the project.
An additional fund of up £20,000 is available for a second project with a University. This must be matched with cash.
Learn more about Interface – Startup or Growth
Criteria: New entrepreneurs with high potential
Scottish EDGE is a competition aimed at identifying and supporting new entrepreneurial talent. The competition aims to attract innovative businesses in Scotland with the potential for high growth.
Prize funding of up to £150,000 is available through four separate categories;
- Scottish Edge: all companies that apply and meet the eligibility criteria enter in this category
- Higgs Edge: for Science, Technology and Engineering focused businesses
- Creative EDGE: for businesses from within Scotland’s Creative Sector
- Social Enterprise EDGE: for Social Enterprise businesses
- Circular Economy EDGE: for circular focused businesses
- Wild Card Edge: open to pre-trading businesses
- Young Edge: designed to support Companies whose Directors are all aged 18-30
Learn more about Scottish EDGE