Financial incentives

To help you with your move to Fife there are grants and loans available to assist you.

We've listed a few of the main grants and loans available to you on this page. Please click on the links below to access further information.

Scotland-Based Companies

Scottish Loan Fund

The Scottish Loan Fund (SLF) provides mezzanine loans ranging from £250,000 to £5 million to qualifying Scottish businesses on a wholly commercial basis. The SLF is focused on established businesses that have growth potential or are engaged in exporting outwith Scotland.

Scottish Seed Fund

This fund provides funding from £10,000 to £1.5 million to improve the availability of investment finance for early stage Scottish companies with growth or export potential, usually at the end phase of product development or commercialisation.

Scottish Co-investment Fund

SCF is a £72 million equity investment fund that invests from £10,000 to £1.5 million in company finance deals - between Scottish businesses and private sector partners - of up to £2 million.

Scottish Venture Fund

The Scottish Venture Fund (SVF) invests £10,000 to £2 million, alongside private sector partners, in company finance deals of between £2 million and £10 million. The SVF will typically invest through equity instruments but also through mezzanine or debt instruments, provided that the commercial terms are on a matching basis with its private sector partner. When deciding whether to invest, we will carry out detailed due diligence.

The East of Scotland Investment Fund (ESIF)

The East of Scotland Investment Fund offers loans of up to £50,000 to new and growing, small and medium sized businesses. It aims to ensure that good, commercially viable proposals do not fail from a lack of access to finance. ESIF as a public sector owned fund can provide up to 50% of the funding package required to help start up and grow your business.

Create In Fife Fund

On behalf of Fife Council's Economic Development team 50% up to £500 will be granted to creative businesses for web development, e-commerce development etc.

Town Centre Business Support Fund

Support funds available for town centre businesses including vacant property improvement grant, business improvement grant, town centre expert help.

All Companies

Regional Selective Assistance (RSA)

RSA is a valuable source of funding in Scotland and Fife is the only area within the Edinburgh City region where it is available. It helps companies who can invest in and create jobs in areas of Scotland designated for regional aid under European Community law. If a project involves capital expenditure and will create or safeguard jobs, it may be eligible for RSA.

SMART: SCOTLAND

SMART: SCOTLAND provides discretionary grants to support technical and commercial feasibility studies, and research and development (R&D) projects. If you have an innovation project that represents a significant technological advance within your industry, it may qualify for a SMART: SCOTLAND grant.

R&D Grant

A R&D Grant supports industrial research and experimental development. All enterprises can apply for funding, even if the project is new only to your business and not within a national context. Our Research and Development (R&D) Grant can provide assistance to support Industrial research or experimental development. Projects typically last 6 to 36 months

R&D tax credits

R&D tax credits can reduce your tax bill or provide a cash sum for some small to medium-sized companies (SMEs). You may qualify for tax credits if you are looking for funding for an innovative business idea.

 

Business support

Invest in Fife’s support does not stop once you have relocated to Fife.

Our services are ongoing and we continue to provide information, support and inward investment services long after businesses move to Fife.

We work closely with key sectors including energy (the oil and gas and renewables sectors), finance and business services, contact and call centres, microelectronics, engineering, retail, creative and other public sectors to provide invaluable services such as industry networking groups to share best practice, ongoing CPD opportunities, and learning and networking events across Fife.

Business networks available to all Fife businesses include:

To find out more about the support Fife Council can provide, please click here or contact the team at enquiries@investinfife.co.uk or by phoning 01592 583539.

Twitter @investinfife

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