RSA & Other Business Grants
RSA encourages businesses to undertake investment that will directly result in the creation or safeguarding of jobs in Scotland.
Both indigenous and foreign companies can apply with the resulting impact on employment helping to ensure Scotland’s economy remains globally competitive.
RSA is a discretionary grant scheme, so there are a number of criteria to be met for an application to be successful. The amount offered is dependent on the size of your business, location of the project and an assessment of how much is needed for the project go ahead. There are three tiers of assisted areas in Scotland reflecting different maximum levels of grant assistance potentially available.
We can assist your business to prepare a full application for RSA Grant and to avoid any pitfalls such as prior commitment to a project. Once a grant has been agreed we can carry out an audit at each stage to certify the expenditure to trigger a grant instalment.
SMART: SCOTLAND provides discretionary grants to Small to Medium Enterprises (SMEs) based in Scotland. The grant helps you undertake technical feasibility studies and research and development (R&D) projects with a commercial endpoint.
This covers early stage proof of concept R&D that enables informed decisions on the technical feasibility of a new product or process. SMART can support up to 75 per cent of the eligible project costs. Projects must last between 6 and 18 months, and the maximum grant is £100,000. One third of the grant is paid upfront when the project starts. The remainder is paid quarterly in arrears against claims submitted.
This covers projects that aim to develop a pre-production prototype of a new product or process. Support is available at up to 35 per cent of the eligible project costs. Projects must last between 6 and 36 months, and the maximum grant is £600,000. The grant is paid quarterly in arrears and minimum total project cost is £75,000.
We can assist you in preparing applications or by pointing you in the right direction of relevant SE advisors on SMART.
For more information please contact Iain Sim or Gill Groom.