We offer several different financial support schemes to local businesses.
Business Restart Loan
The Business Restart Loan (previously the Falkirk Business Loan Fund) offers SME's in the Falkirk Council area with short term cash flow issues, interest free loans between £1,000 to £5,000.
Eligible businesses must be able to demonstrate:
That they have been adversely affected by COVID-19 That they have the ability to grow and create employment That they have been trading for a minimum of 6 months
The interest rate is fixed at 0% and loans will be repayable by monthly direct debit instalments from an established business bank account for a period of up to 3 years. A repayment holiday may be granted at the absolute discretion of DSL. There is no administration fee.
To apply, contact DSL:
Business Loans Scotland
Business Loans Scotland is a consortium of Scotland's local authorities, providing loan finance up to £100,000 to new and growing, small and medium sized businesses
(SMEs) across Scotland.
The loan fund offers gap funding to SMEs within the geographic
area of operation (including Falkirk) where public sector funding (including Business
Loans Scotland's contribution), does not exceed 50% of the total funding package.
Visit www.bls.scot for further information and how to apply.
Regional Selective Assistance
Regional Selective Assistance is a Scottish Government and Scottish Enterprise
discretionary grant scheme to encourage businesses to carry out investment that
will create or safeguard jobs.
Depending on location and other criteria, large businesses in the Falkirk Council
area can receive a grant of up to 15%, while small businesses can receive a grant
of up to 35%.
Small businesses employ fewer than 50 people and either:
- Have a turnover of less than £6.7 million or
- Have a balance sheet total (net assets) of less than £6.7 million
Medium businesses employ fewer than 250 people and either:
- Have a turnover of less than £34 million or
- Have a balance sheet total (net assets) of less than £29 million
For more information about any of these support schemes, please contact us: