Support for Aberdeenshire Business Scheme

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Support for Aberdeenshire Business Scheme
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SAB SCHEME

• Christine Webster
• Senior Business Development Executive
• Transportation Infrastructure Economic
  Development Service
• Aberdeenshire Council

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(No Transcript)
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SAB Scheme

• Available to Aberdeenshire businesses
• Part of Business Gateway
• Advice
• Discretionary loans and grants
• Links to other Council Services agencies

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Sab Scheme

• Eligibility criteria
• Additional economic benefit for Aberdeenshire
• Confirmed market and viable proposal
• Potential for additional employment
• Need for top-up finance
• Effect of proposal on existing local businesses

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SAB Scheme

• Development Grants 50 maximum 10,000
• Non statutory Training
• RD
• Market Development
• Implementation of recognised quality systems
• Trade fairs exhibitions outside North east

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SAB Scheme

• Other grants
• Rental - lesser of 6 months or 50,000 on
  industrial premises
• Job Creation - up to 1,000 per permanent job
  created
• Sustainable Business Grant - lesser of 50 or
  5,000 plus consultancy support
• Applies to significant number of jobs created
  only

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SAB Scheme

• Loans
• Interest free loans up to 15,000 for purchase of
  plant equipment
• Low-interest loans up to 25,000 for working
  capital
• Standard loans where criteria may be an issue

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• Loan requirements
• Ability to repay
• Contribution limited to 1/3 of project cost
• Maximum repayment term 5 years (or life of asset)
  but repayment holiday may be considered
• Personal guarantees
• Heritable security loans over 25,000

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SAB Scheme

• Other information
• Loan arrangement fees
• State Aid Rules apply
• Applications subject to 6-month rule
• Minimum grant 500
• Retrospective applications not eligible
• Application process on line/ hardcopy

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SAB Scheme

• What next?
• Contact your local E.D. officer to discuss your
  project
• Consider all options available with Business
  Gateway partners and commercial sources
• Prepare information thoroughly
• Bear in mind eligibility criteria