Outer Hebrides Young Enterprise Support Scheme - OHYESS

Support provided by Comhairle Nan Eilean Siar Highlands and Islands Enterprise Business Gateway

What does this involve?

Comhairle nan Eilean Siar provides assistance and funding to new and growing businesses in the Outer Hebrides. The Outer Hebrides Young Enterprise Support Scheme (OHYESS) provides grant funding to businesses that have been trading for less than 5 years.

Funding is available for capital item purchases only. Grants of £3,000 for full-time businesses and £1,500 for part-time businesses are available, to cover up to 50% of eligible costs.   

The purpose of this scheme is to ensure that good, commercially viable businesses do not fail due to a lack of access to finance. OHYESS is funded by Highlands and Islands Enterprise and delivered by the Comhairle's Business Gateway team.

 

Am I eligible?

OHYESS funding is potentially available to new businesses and those that have been trading for less than five years in the Outer Hebrides region. Businesses must be in one of these key sectors:

  • renewables and energy-related activity
  • recycling
  • tourism (excluding accommodation projects)
  • creative and culture-based activity
  • food and drink
  • information technology
  • life and health sciences
  • research and development
  • innovation
  • manufacturing and processing
  • traditional industries indigenous to the Outer Hebrides

Please note that tourism accommodation developments are not eligible for support.

Applicants may be sole traders, partnerships, limited companies, co-operative groups, social enterprises or other legitimate business trading entities. 

Applicants must be able to fund the project until the grant can be claimed. Grant payments will be made only after you submit proof of payment. No money should be spent until your application has been approved and you've received an official letter of offer.

Each application will be considered on its own merits. However, projects in areas which are adequately served by similar existing businesses are unlikely to meet the eligibility criteria.

The full list of conditions can be found on the Comhairle nan Eilean Siar website.

What does this cost?

There is no cost to apply, but you must be able to fund the project until the grant can be claimed. Grant payments will be released only after you submit proof of payment. You shouldn't spend money on a project until your application has been approved and you have an official letter of offer.

Who is this for?

Businesses and business owners in key sectors that are based in the Outer Hebrides and have been trading for less than 5 years.

How long does this take?

Each application will be considered on its own merits. Timescales will vary depending on your project's scale.  

Important information

You will need to provide the following items with your application:

  • business plan
  • financial projections (3 years)
  • application form
  • bank statements
  • other supporting information as required

Next steps

Visit the Comhairle nan Eilean Siar website for more information.

Support provided by Comhairle Nan Eilean Siar Highlands and Islands Enterprise Business Gateway

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