Daily Q&A: Can my new business in Scotland apply for government start up grants?

Today’s question of the day is “Can my new business in Scotland apply for government start up grants?”

If you are thinking of starting a new small business in Scotland or already have an existing small business; you may be able to apply for government funding in the form of government grants, government loans and tax credits.  Being able to apply for government start up grants does depend on many factors.

While not every single small business in Scotland will be eligible, a large percentage of startups may be able to benefit from the startup funding.

The various factors which as a small business in Scotland you may have to meet in order to qualify for funding may include the following:

• Your location
• Your Industry
• Your Funding Needs (what you wish to get funding for)
• Amount of Funding
• When you Need the Funding
• Your Business Plan
• Your Credit History

Remember that each funding scheme in Scotland and in the UK has different set of criteria; and no programme is alike.

Eligibility considerations aside, the Scotland government has made available a number of start up grants programmes to help with the process of making a new small business funding attempts such as yours successful. However, you will need to research which ones suit your new business needs best before applying. Consider using the Funding Database in order to locate the funding programmes which may be right for your small business in Scotland.