Renfrewshire Council

Check our Coronavirus (COVID-19) pages for the latest information

Coronavirus support for business, self employed and job seekers

Business grants and loans

We have a key role to play in helping to create the conditions in which the local economy can grow. Through our in-house Business Gateway team, we offer financial and practical support, helping your firm to develop.

Covid-19 grants, loans and financial support

Visit our grants, loans and financial help webpage for local businesses impacted by Coronavirus.

Growth New Start Fund

The Fund can provide assistance of up to £500 towards the start-up costs of new businesses that are able to demonstrate growth potential.  The grant can support the costs of commercial rent, IT or website development, but cannot be used for wages or stock. All purchases must be made through a business bank account and supported by invoices from suppliers.  The grant is paid after the purchases have been made and the payments to suppliers have been evidenced.

Training Grant

The training grant can support up to a maximum of £2,000 toward the costs of staff training required as part of a specific business development project and delivered by an appropriate external training provider.

The grant is available to Renfrewshire based businesses involved in manufacturing or business to business services. Legislation compliance training, and training considered to be 'routine' to the business cannot be supported.

Financial commitment to the training must not be made until an application has been submitted and a formal grant offer has been made.   The grant will be paid when the training has been satisfactorily completed, records have been provided and the provider has been paid.

Business Loans Scotland

Business Loans Scotland (formerly operating as West of Scotland Loan Fund in Renfrewshire) offers secured loan funding from £25,000 up to a maximum of £100,000 to new or established small and medium sized enterprises (SMEs). The purpose of the loan is to provide 'gap' funding so applicants must demonstrate that they have explored all available funding options including personal funds and borrowings.

The maximum loan available is 50 per cent of the total funding package required and applicants must provide evidence that the remainder of the required funding package has been secured from other commercial sources such as a bank loan or director's loan . The loan may be used for working capital, the purchase of plant and equipment or the purchase of business property.

Full details, including eligibility can be found at Business Loans Scotland.