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Scotland - Grants & Funding schemes

Since before devolution, Scotland's investment strategies were assisted by the Scottish Office. Now renamed the Scottish Executive, the good work of generating and stimulating investment in Scotland continues apace.

Small Businesses are aided by the Small Business Gateway.

In summary the available Capital Expenditure grants are:

RSA available for capital expenditure projects taking place within Scotland in Tier 1 and Tier 2 Areas, and which will create and/or safeguard jobs. Grants from £10K upwards, and running into millions are possible since there is no maximum stipulated by the RSA scheme (eg £45M to Ford at Jaguar and £10M to their Brigend engine plant in 1997/8, or £15M to Rolls-Royce in Renfrewshire more recently (2002).
IFG is now replaced by a streamlined RSA scheme for smaller projects from £10K up to £250K in grant size, with an alternative of job creation evaluation to assist projects that are low on capital expenditure but still create worthwhile jobs and offering improved support for R&D and commercialisation projects.

INNOVATION

Innovation Grants including such schemes as SMART Scotland is managed by the Scottish Executive.

See Other Funding for details of Innovation grants.

 

 

 

News of Scotland (4)

IN THE NEWS




Scottish Enterprise Overhauled

During a statement to parliament, Cabinet Secretary for Finance and Sustainable Growth, John Swinney said that re-energised enterprise networks will be the firm foundation on which increased, sustainable economic growth is built in Scotland.

The changes would make Scottish Enterprise (SEn) and Highlands and Islands Enterprise (HIE) - More clearly focused on the goal of delivering sustainable economic growth; and more responsive to the needs of businesses and the Scottish economy as a whole.

The proposals also include the transfer into SEn - initially on a joint venture basis - of the business and innovation grant functions, such as Regional Selective Assistance, currently delivered by the Scottish Government



NEW Government

On May 3rd 2007 a new Scottish Government was formed following close fought elections.

On May 16 Alex Salmond MSP was elected First Minister by the Scottish Parliamen

Newly appointed within the new administration as Minister for Enterprise, Energy & Tourism is Jim Mather, MSP.

As Shadow Enterprise and Economy Minister, he was a member of the SNP's Shadow Cabinet.


£48.9M in RSA

Allied Vehicles gets RSA of £600,000

More than 7,300 Scottish jobs could be created or safeguarded with the aid of £48.9m in Regional Selective Assistance (RSA) funding, said Jim Mather, during a visit to Glasgow-based firm Allied Vehicles, which has recently accepted an RSA offer of £600,000 towards the expansion of its Possilpark premises.



Scotch Whisky for Korea

Enterprise Minister, Iain Gray, welcomed news that Scottish company Edrington, best known for The Famous Grouse and The Macallan whiskies, has signed a major agreement to supply a new range of Scotch whisky to South Korea, the world's largest market for deluxe Scotch.

The long-term partnership with Hite Group, South Korea's leading alcoholic beverage distribution company, is designed to capture a major share of the Korean market and the privately-owned group will spend £3m to develop new capacity at its bottling plant at Great Western Road, Glasgow to meet anticipated demand.


 

SE will support, assist and even bully - says Crawford

Scottish Enterprise chief executive Robert Crawford said he would not allow the electronics industry in Scotland to flounder. He said: "Scottish Enterprise will support, assist and even bully, where necessary, to help the industry find a path through these challenging times.


 £4M awarded under UK Coal Operating Aid Scheme

Four coal mines in England and Scotland are set to receive over £4m of Government aid following European Commission approval today. This takes the total amount of aid approved under the UK Coal Operating Aid Scheme to over £142 million.


A big opportunity for SME's to diversify says Walker

Adrian Walker, the newly appointed director of Electronics Scotland: "There’s also a big opportunity for SME's to diversify - while the PC industry may have reached a degree of maturity in terms of commodities, there are many potential opportunities in other sectors to develop products and markets.


NEWS ALERTS by eMail

A new service to GRA's Scottish site subscribers is to be launched soon.. please let us know if you would like to receive these.

27.09.2007
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