Trade development and workforce upskilling grants

First Published : 18 Mar 2022

Last Updated: 24 Mar 2022

Contents

  1. What does this involve?
  2. Am I eligible?
  3. What does this cost?
  4. Who is this for?
  5. How long does this take?
  6. Next steps

Support provided by Invest Fife Fife Council

What does this involve?

Fife’s SME Competitiveness Fund provides financial support to Fife-based businesses that wish to exhibit at a trade show, participate in a trade visit or upskill their workforce.

The fund provides a non-repayable grant of up to £2,000, or 100% of the eligible costs (whichever is lower) across 2 strands - trade development and workforce upskilling.

Trade development

The trade development funding provides grants to:

  • assist businesses with the cost of exhibiting at trade shows within the UK or Europe
  • assist businesses with the cost of participating in overseas trade missions.
  • support other costs associated with accessing new markets, such as exporting

Workforce upskilling

The funding for workforce upskilling provides grants to help companies improve the productivity and profitability of their business through training and upskilling existing employees.

The SME Competitiveness Fund is funded through the European Regional Development Fund (ERDF). The Scottish Government is the managing authority for ERDF in Scotland.

Am I eligible?

Yes, if you are a small to medium-sized business located in Fife with plans to grow your business.

What does this cost?

This is a free service.

Who is this for?

Small to medium-sized businesses located in Fife with plans to develop and grow.

How long does this take?

Once your eligibility and suitability have been confirmed, your application can be approved within 7 days.

Next steps

Visit the InvestFife website to find out more.

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