Inverclyde Council New Business Start-Up Grant

Support provided by Inverclyde Council

What does this involve?

Inverclyde Council offers a start-up grant to businesses that are starting to trade in the area. The grant can be used to cover up to 50% of eligible costs, to a maximum of £500, for capital expenditure on business development activities.

Applicants must submit:

  • a business plan
  • a one-year cashflow projection
  • evidence of trading status
  • 3 quotes for project costs
  • proof of business insurance
  • an unredacted copy of a bank statement, dated within the past 3 months, that clearly shows 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. 

You will need to meet with a business adviser from Business Gateway Inverclyde before you receive an application form.

Applications cannot be considered for projects that have already commenced.

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
  • the applicant will be expected to be working full-time for the business within 12 months from receipt of the grant
  • the business is operating in a sector where there is unlikely to be a significant impact on other local businesses
  • they have attended a 1-2-1 meeting with a business adviser from Business Gateway Inverclyde

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 six months. 

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

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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