A selection of Scottish bank notes

Funding opportunities

Many funding options are available to help your business grow. Most schemes are match-funded, meaning businesses are expected to make a cash or in-kind (staff time, materials, access to facilities etc) contribution to the project to match the value of the grant.

You can compare some of the most popular funding schemes below.

 Grant valueCompany contributionEligibility criteriaAdministered by

Scottish Funding Council Innovation Voucher

Scottish Funding Council & Innovation Vouchers logo  

up to £5,000* in-kind/cash Scottish SME; no previous joint funding received Interface

Scottish Funding Council Follow On Innovation Voucher

Innovation Vouchers and Follow On logos

 

up to £20,000 cash Scottish SME; completed knowledge exchange project Interface

Innovate UK funding competitions

Innovate UK logo  

up to £25,000 at least 40% cash UK SME Innovate UK

Scottish Enterprise SMART: Scotland programme

Scottish Enterprise and SMART logos

 

up to £100,000  at least 30 to 40% cash (dependent on company size) Scottish SME/spin-outs/individuals Scottish Enterprise

This list is by no means exhaustive. There are numerous funding schemes available to businesses to provide assistance at various stages of product or service development. To explore more funding options, please visit the websites of some of the major funders

*Please note, this scheme doesn't cover the following:

  • student internships
  • sales/marketing activities
  • consultancy projects, ie drafting of business plans
  • equipment purchase (rental only)
  • training courses
  • software purchase
  • VAT incurred