Table 3: Start –up Finance
The
following is financial assistance available to new businesses. Many of the types
of assistance available to existing businesses (see below) are also available
to new starts
|
Source |
Type |
|
|
Grant |
Loan |
|
SALE |
HIE STARTS – Allowance – £150 p.w. maximum
HIE STARTS – Capital Grant Scheme - £500 maximum |
|
|
SALE |
Crofters Entrant Scheme – operated in partnership with The Crofters Commission |
|
|
PSYBT |
£1000 maximum – 18-25 age group.
Discretionary, in cases of those who
are unemployed and of limited
means |
£10,000 maximum – 18-25 age group (50% HOL match funding) |
|
The Highland Fund |
|
Unsecured loans from £3000 to £5000 – predominantly, but not exclusively, for new businesses |
|