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New Micro Enterprise Fund - Perthshire Chamber of Commerce

New Micro Enterprise Fund

A new grant scheme to support microbusinesses in Perth and Kinross launches on Monday 17th May.

The Perth & Kinross Micro Enterprise Fund has been designed to support businesses that employ fewer than 10 people, whether they are just starting out or looking to grow.

Awards of up to £1,000 can be made and the money can be used for a range of purposes such as the purchase of equipment, product or market development or commercial property development or acquisition.

Money can also be used to develop e-commerce platforms, digital transformation activities, marketing or as leverage for co-finance to secure additional investment.

The grants can used to cover up to 90% of eligible costs.

Sole traders, community groups, social enterprises and co-operatives are all eligible to apply and the only business sectors excluded are betting shops, gambling-related activities and off-licences.

The scheme is open to all businesses in Perth and Kinross who meet the above criteria.

Council leader Councillor Murray Lyle said: “Small businesses will be critical in the recovery from the COVID-19 pandemic. “Around 60% of Scots are employed by small to medium-sized enterprises and, as such,  microbusinesses are key to our economy.

“Whether it is a boutique shop, a café or a new business just getting started, these grants will help firms develop as we move out of the pandemic and so I am delighted the Council is able to administer these grants and help start our economic recovery.”

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