Inverclyde Boost Area Start-up Grant

Support provided by Inverclyde Council

What does this involve?

Inverclyde Council offers a start-up grant of £1,000 for businesses that are starting to trade in the area where the applicants resides in the Scottish Index of Multiple Deprivation (SIMD) postcode areas 1 or 2. SIMD is the Scottish Government's standard approach to identify areas of multiple deprivation in Scotland. 

The grant can be used to cover up to a maximum of contribution of £1,000 for either capital expenditure or as a contribution towards the start-up costs of the business, including working capital.

Applicants must submit:

  • a business plan
  • a 1 year cashflow projection
  • evidence of trading status
  • 3 quotes of project costs
  • proof of business insurance
  • an uncensored copy of a bank statement, dated within the past 3 months (the statement must also clearly show the name of the account holder, the account number and sort code)

If the business is operating from commercial premises, you must also submit evidence that you or your business own the lease. 

An application form will be issued following a meeting with a business adviser from Business Gateway Inverclyde who will confirm your eligibility for this grant.

Am I eligible?

Applicants are eligible if:

  • they can demonstrate that their business has started trading from an address in Inverclyde in the last six months and they reside in SIMD postcode areas 1 or 2
  • the applicant will be expected to be working full-time for the business within 12 months from receipt of the grant
  • they have attended a 1-2-1 meeting with a start-up business adviser from Business Gateway Inverclyde
  • they do not operate in the following sectors: businesses involved in politics, religion, multi-level marketing / pyramid selling or any business that may bring Inverclyde Council into disrepute

What does this cost?

This is a free service. Free business advice is also provided.

The grant is paid retrospectively into a business bank account following receipt of evidence to show total project expenditure.

Who is this for?

Businesses that are starting to trade in Inverclyde or have started trading in the past 6 months where the applicant resides in Scottish Index of Multiple Deprivation (SIMD) postcode areas 1 or 2. 

How long does this take?

Following a meeting with a start-up business adviser, your application must be approved and relevant information provided before you can submit a claim for payment - the timescale to approve applications will vary. Once you have submitted your claim for incurred expenses, payment will usually be made within 20 days

Important information

You will need to provide proof of your identity and one of the following documents is acceptable:

  • passport
  • driving licence
  • birth certificate (if photographic ID is not available)

You will also need to provide proof of trading from 0 to 6 months and 2 of the following documents are acceptable:

  • confirmation from your bank that you have opened a business bank account
  • confirmation of HMRC registration (UTR number)
  • a copy of your Companies House registration
  • confirmation of VAT registration

Next steps

Submit an enquiry and an adviser will be in touch to discuss your needs.

Support provided by Inverclyde Council

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