Are you planning significant capital expenditure in the coming year? Our Regional Selective Assistance grants could help make your plans a reality.
If you’re a small to medium-sized business based in Scotland you could be eligible for a Scottish Enterprise Regional Selective Assistance (RSA) grant starting at £20,000 to over £250,000.
The grant can be used to:
- Help increase your workforce or secure existing jobs
- Support the purchase of new equipment to keep up with demand for a product
- Get support to improve efficiencies in your business – you may have an idea on how to do this but need some funding to make it happen
- Help sell your products in new markets or abroad to make your global ambitions a reality
We invest £20 million each year on Regional Selective Assistance to ensure that Scotland’s economy remains globally competitive.
How do we do this? By helping all sizes of companies at all stages of development, across Scotland’s key business sectors to help improve their productivity and secure and grow their workforce.
Fantastic opportunity for small businesses
The Regional Selective Assistance grant is a fantastic opportunity for small businesses.
Matthew Evans, managing director of Leading Edge Creative Ltd
Thanks to a Regional Selective Assistance grant of £37,300, Leading Edge Creative Design Ltd, a specialist in creative graphics display, will be able to purchase new ‘flatbed’ printing machinery for its Livingston facility. The company has itself invested £186,675.
Overall investment will create four full-time positions and support delivery of existing UK contracts for McDonalds, Card Factory and Goodyear Tyres.
The company currently services these contracts via their facility based in West Yorkshire, so it will ultimately save on transport costs too.
The new machinery will also give Leading Edge the opportunity to compete on a larger scale and further expand its Livingston operations to service future UK-wide contracts.
“The Regional Selective Assistance grant is a fantastic opportunity for small businesses,” said Matthew Evans, managing director at Leading Edge Creative Design Ltd, “and I would highly recommend company owners finding out if they are eligible.”
“We’re very grateful for the support we’ve received from Scottish Enterprise – we feel very valued and welcome in the Scottish business community,” Matthew added.
“For us this is an exciting time as we expand our production in Livingston which will hopefully make us more competitive when obtaining new UK wide contracts.”
Supporting rural communities
The support that we’ve received from Scottish Enterprise will enable us to proceed with this major investment and support the sustainability of the business within the rural community.
Stan Mitchell, CEO of Key Facilities Management International
Key Facilities Management International is fulfilling its ambition to expand its facilities management business overseas.
The family-run business based close to Stirling has been awarded £90,000, helping them to acquire a new HQ in the village of Doune.
This will allow them to increase capacity and take advantage of new opportunities within the market, which in turn will create nine jobs.
“The support that we’ve received from Scottish Enterprise will enable us to proceed with this major investment and support the sustainability of the business within the rural community,” said Stan Mitchell, CEO of Key Facilities Management International.
“Any small or medium-sized business needing support should consider enquiring about Regional Selective Assistance.”
Funding in action
Other SMEs recently celebrating Regional Selective Assistance grants include:
- Sorba-Freeze who produces chilled packaging solutions in Aberdeen and has been awarded a £45,000 grant to help buy additional machinery to bring some manufacturing in-house, which in turn will create five full-time jobs
- Theraplay who produces specialist tricycles in Glasgow and will use its £50,000 grant to relocate and expand operations, enabling scope to develop the product range and customer base as well as create four jobs
- Stockwell Ltd in Cumbernauld which produces bespoke staircases and is celebrating a £52,000 grant that will create six jobs and help them to invest in equipment
From these examples you can see how RSA grants are an incredibly useful source of financial support to growing Scottish companies across a broad range of industry sectors.
Grow your business with our help
Growing your business and managing cash flow in the current economic climate may feel challenging. Yet, an RSA grant could be the solution you’re looking for – providing the vital support which can make an expansion project affordable.
That’s why we’re especially keen to hear from small to medium-sized manufacturing businesses.
Start your application
The level of grant available will depend on the size of the business and the location of the project – generally speaking, smaller businesses in the most economically deprived areas can get the highest support in percentage terms.
If you’re keen to invest in new equipment or machinery and plan to create new jobs or secure some or all of the existing jobs, we want to hear from you.
Find out more about RSA grants
How to apply