Eligibility Criteria
What are the eligibility criteria for applying?
Ltd Co’s / Social Enterprises / Charities - Your business has been Incorporated at Companies House / OSCR
Ltd Co’s only - A minimum of 50% of the business ownership is attributed to Directors actively working in the business on a day-today basis
Sole Trader businesses can only apply for one of the grant awards (£15,000 or £10,000) and are not eligible to apply for the top award of £50,000 as this contains a loan.
Please note that Scottish EDGE funding cannot be used for Founders/Current Directors’ salaries. Funding can be used to cover salaries for new additional members of staff to help grow the team.
Your business must be headquartered within the region to which you are applying, either Tayside (Dundee & Angus / Perth & Kinross), North East, Highlands and Islands, or South of Scotland
Your business has been in operation for less than 5 years, as at Regional EDGE application window closing date
Your business is head-quartered in Scotland and key business leaders must be resident in Scotland (min 50%)
Key business leaders have not won a main Scottish EDGE (Loan + Grant) award in a previous round with the same business (Previous Young EDGE or Wild Card EDGE winners can apply)
With support, your business has the potential to achieve new/increased cumulative sales of £200,000 over the next 3 years.
Current annual turnover does not exceed £1m and/or the business has not received external investment of £500,000 or more
Over the next 3 years, with support, your business should be capable of creating new, sustainable Scottish jobs
Your business is not in administration or liquidation, and your business’s directors or key principals have never been prosecuted for fraud or disqualified from becoming a business director
For All Non-UK Passport Holders – evidence of your visa status and visa expiry date is required
For full Loan and State Aid terms, click HERE.