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.
We've been awarded funding from the European Commission’s European Structural and Investment Funds (ESIF) to contribute towards the support we provide to eligible SMEs. If you're awarded a feasibility grant and meet ESIF eligibility criteria, the grant offer letter will confirm this. You'll be asked to provide evidence to support your claim before you can receive grant payments. Details of the evidence we need will be included in the offer of grant.
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.