Financial assistance
Frequently asked questions Q: What financial assistance is available to business? A: The HIE network's initial investment and job creation programme provides discretionary financial assistance in the form of grants, loans and, where appropriate, equity investment for business development projects in the HIE area. The majority of project costs must normally be funded from private sector sources and demonstrate a requirement for public sector assistance. Priority is given to projects creating employment in the manufacturing, food and drink, knowledge and tourism sectors. Projects should not proceed before your LEC has considered a formal application and given a decision. Q: Are there other ways to raise finance? A: There are several ways of raising the finance for your business needs. You should consider each one carefully before choosing which will work best:
If you would like to talk it over, contact your Local Enterprise Company Q: What are the issues I should consider before applying for grant aid? A: You should ask yourself the following questions:
Q: Is money always the answer? A: Not always. Frequently, the solution to a business development problem is gained through advice rather than funding. The HIE network offers a range business advisory services, including marketing, e-business, and exchange of best practice, and is in regular contact with a range of organisations involved in marketing and development, so we can point you in the right direction. For more details contact your local enterprise company or e-mail Pauline Dingwall in HIE. |