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The Early Stage Growth Challenge Fund, announced today (10 July 2020) by Economy Secretary Fiona Hyslop, will open to applications on Monday 20 July.
It is part of the £230m economic stimulus package launched by the Scottish Government in June.
The new fund is for successful businesses whose routes to investment and growth have been negatively impacted by the coronavirus (COVID-19) pandemic.
It will be open to applications until Friday 31 July. All eligible applications will be assessed and graded with the highest-graded applicants receiving funding.
Welcoming the announcement, HIE’s director of business growth, David Oxley, said:
“This fund is aimed at firms involved in life sciences, technology and advanced engineering, as well as the emerging space sector. It’s also intended to support companies that have the potential to create jobs and that have a low carbon focus.
“These criteria apply to many companies in our region, so we would encourage them to consider making an application.”
A four-year aquaculture R&D project that will create 30 jobs has been awarded up to £5m.
New graduates recruited in the Outer Hebrides
Young businesses in the region can now apply for funding from HIE
A survey is underway to find out what demand there is for commercial land and property in Shetland.
Green Jobs award helps create 14 jobs in Moray
Logie Timber secures £140,000
Another 22 young business leaders from around the Highlands and Islands have become the latest to take part in a year-long programme aimed at developing the next generation of entrepreneurs.
Argyll and Islands tourism recovery plan secures £350k and creates jobs
A global technology company, which is headquartered in Orkney, has doubled its workforce following an expansion supported by Highlands and Islands and Islands Enterprise (HIE).
Ten businesses in the Highlands and Islands are among the first to sign up to The Academy, a new initiative to drive growth in Scotland’s food and drink sector.
A development manager has been appointed to a new community organisation in the Outer Hebrides.