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We support businesses, communities and social enterprises through a range of support services, including advice, funding, events and property. Find out how we can help you.
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Our Young Business Capital Grant Fund aims to stimulate an increase in productivity, innovation and employment in the Highlands and Islands through capital investment in young businesses and social enterprises who have been trading for less than five years.
We are looking to support projects that help businesses and social enterprises grow, for example through investment enabling new market entry, enabling an increase in sales or quality employment opportunities.
The funding is a non-repayable grant of up to £75,000 which will cover between 20% and 50% of the total cost of a project. The minimum grant award is £10,000. Projects with a total cost of £20,000 or less are therefore unlikely to be eligible.
We will prioritise projects based in remote, rural and island areas where applicants may be eligible for up to 50% funding towards project costs.
HIE’s contribution to projects will be based on the financial need of the business or social enterprise. Applicants will be required to provide financial information on request to allow an assessment to be made.
The funding can be used towards capital investment, including but not limited to, purchasing equipment, fixtures, fittings and installation costs. You will need to demonstrate that the funding will help to grow and develop your organisation.
Suggested uses include:
The funding can NOT be used for:
To be eligible for the grant your organisation must:
Applicants must comply with HIE’s fair work conditions for grant support. If you want to speak to someone about the Fair Work requirement or need more information, please email enquiries@hient.co.uk
The final grant will be subject to specific terms and conditions set out in an individual grant award letter.
**SME Definition:
The main factors determining whether an enterprise is an SME are:
1. Average employees (full time equivalents)
2. Either turnover or balance sheet total
Please see the user guide to the SME definition for further information.
The following organisations are NOT eligible for this fund:
Applications will follow a two-stage process. The first stage is to complete the online Expression of Interest Form (EOI) available on this page above.
You will hear the outcome of your EOI within 4 weeks of applying. If your EOI is unsuccessful we will tell you why and signpost you to other forms of support where possible.
If your EOI is successful, you will be allocated a development manager who will guide you through the second stage of your application.
This fund is open to applicants until March 2026.
If you would like to talk to someone about your application, please email enquiries@hient.co.uk and we will get back to you.
Please complete the expression of interest (EOI) form to apply for funding through the Young Business Capital Grant fund.
Any organisation applying for grant funding from HIE must comply with our fair work conditions for financial support. This includes:
* The Real Living Wage increased from £12 per hour to £12.60 per hour on 23 October 2024. Employers have 6 months, until 01 May 2025, to implement the increase.
If you would like to speak to someone about the fair work requirement, or need more information, please email enquiries@hient.co.uk.
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We support businesses, communities and social enterprises through a range of support services, including advice, funding, events and property. Find out how we can help you.