A number of incentives and funding support options exist for establishing or moving a business to Magenta. This assistance can come in the form of grants, special / conditional loans, sector specific funding, tax and business rate reductions. Support is available for employment and training including wage subsidies, recruitment assistance and upskilling of staff.
For further information, please contact Fionna Kell: firstname.lastname@example.org
Regional Selective Assistance (RSA) is a discretionary grant available for businesses who want to develop a project in Scotland.
The amount offered depends upon:
· The size of your business
· The location of the project
· Scottish Enterprise’s assessment of how much is needed for the project to go ahead
You can apply whether your business is based in Scotland or not – although the project must take place in Scotland. The project should also involve some capital investment and must directly result in the creation or safeguarding of jobs in Scotland.
Large businesses will only be eligible if the project involves diversification at an existing location or new activity taking place on a new site.
RSA is available to limited companies, sole traders or partnerships. To qualify, your project must meet certain criteria and the amount of grant available depends on Scottish Enterprise’s assessment of a number of factors. The grant is discretionary and the level offered (within EC limits) will depend on Scottish Enterprise’s assessment of how much is needed to make the project go ahead. For projects that require significant investment in capital expenditure, RSA can provide assistance under Aid for Initial Investment.
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Clyde Gateway www.clydegateway.com
Scottish Enterprise www.scottish-enterprise.com
Scottish Development International www.sdi.co.uk
Skills Development Scotland www.skillsdevelopmentscotland.co.uk
South Lanarkshire Council www.southlanarkshire.gov.uk
Glasgow City Council www.glasgow.gov.uk
of RSA was awarded in 2015
created or safeguarded across