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Growth Co. Development Fund

Invest in Renfrewshire > Business Services  > Grants and Loans > Growth Co. Development Fund

The Fund provides financial assistance to help businesses meet specific business growth objectives. It can support capital expenditure (including IT), property expansion/improvements, exhibiting at a national trade show or the costs of developing innovative products or processes. It can provide up to 50% of eligible costs, up to a maximum contribution of £10,000. The purchase of furniture and consumables, and routine property maintenance is not eligible for support.

The Fund is open to sole traders, partnerships, limited liability partnerships and limited companies that:

  • operate from commercial premises within the Renfrewshire Council area, for which there is a signed lease/rental /licence agreement in place , and
  • are working with a Business Gateway Adviser, and
  • have a business bank account, and
  • are small or medium sized – employing fewer than 250, an annual turnover of less than €50m or balance sheet assets of less than the €43m, and no more than 25% of share capital owned by a large company/public body.

The Fund is not open to retail businesses unless serving a particularly niche market.

More information

For more information please call 0300 300 1180, then option 2, to speak to one of our Business Advisers or press the button below to open Contact page.
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