What is it?
The £150m Building Scotland Fund helps non public sector organisations with development projects.
This includes new affordable and private sector housing; modern industrial and commercial property; and supports industry-led research and development.
To date (January 2020) £100m has been committed towards supporting housing, regeneration and industrial and commercial developments.
Criteria and availability
Funding is available up to March 2021 so is best used to help projects that are at a later stage of development. This means funding is unlikely to be available if your project is at a concept stage.
Support will be given as loans which will need to be paid back, or as equity finance.
The funding is likely to be for projects that need over £1 million, and the specific amount available will vary depending on the project.
The loan will not cover the entire cost of a project, and applicants still need to find some of the money themselves.
Who can apply
The fund is open to non-public sector organisations, such as:
- housing associations
How to apply
When you apply, you'll be asked to send a business plan. Your business plan should show:
- why the project needs public sector funding
- why the project cannot be funded in another way, for example through your own resources or a bank loan.
Housing, industrial or commercial projects will also need to show their planning consent documents – if they're available.
Find out more and apply on the Scottish Government's website.