SMART: SCOTLAND provides 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 that have a commercial endpoint.
A feasibility study is carried out as an early stage of an R&D project, to see if the new product or process will work in the real world.
We can support up to 70% of the eligible costs for a small SME and up to 60% of the eligible costs for a medium SME:
- A Small SME has less than 50 employees and a turnover of less than €10 million
- A Medium SME has 50-250 employees and a turnover of less than €50 million
Studies 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% 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.