Businesses urged to apply early for funding scheme

Picture: John Devlin
Picture: John Devlin

Businesses are being encouraged to apply early for the Scottish Borders Business Fund following the success of the grant scheme last year, which was fully committed well before the end of the financial year.

The Scottish Borders Business Fund offers the chance to apply for a discretionary grant towards projects designed to boost sales and increase profit. Up to 50 per cent of a project’s eligible costs can be applied for, up to a maximum of £4,000.

Councillor Stuart Bell, SBC’s executive member for economic development, said: “This scheme is one of several the council run which support local businesses, but it proved hugely popular in the last financial year so it is important that businesses get their applications in early this year.

“The fund can help new or small businesses invest and grow and develop projects which otherwise would not be possible. In addition to any potential financial benefit, all applicants will work with a dedicated business adviser from our Business Gateway service who will provide business development assistance.”

To be eligible for the Scottish Borders Business Fund businesses should be based in the Scottish Borders, should have fewer than 50 employees and be looking to invest and grow their business.

Phil McCreadie, Business Gateway Manager, said: “In addition to the support Business Gateway provides as part of the Scottish Borders Business Fund, we can offer free help and advice to all sizes of businesses in the area, including helping them to access funding at local, national and European levels.”