Investor Readiness Support

Description

The main objectives of the Investment Readiness Support ("IRS") scheme were to improve SMEs' ability to secure investment finance,  in order to further grow their businesses in the areas of new products, markets or increasing employment. 

The project was available across Lowland and Upland Scotland. The Investment Readiness Support programme delivers advice and financial support to companies requiring professional help to produce growth strategies and link these to investment propositions, thus improving their ability to secure, and effectively use equity investment.

IRS aied to address the following issues surrounding "access to finance for SMEs":

  • Investability -  to help owner managers developing sound investment proposals which will have a direct impact on business growth.
  • Equity aversion - to educate entrepreneurs and SMEs about the financing options available and develop their skills in preparing proposals and accessing  equity finance
  • Presentation - to help entrepreneurs present those proposals effectively to investors

The project provided grant support to participating companies of up to £10,000, on at least a 1:1 leveraged basis, towards eligible consultancy costs.  The maximum grant rate was generally 30% for existing companies and 50% for start ups.

The project targeted SMEs who can clearly demonstrated high growth potential. It did so through close integration with the SE local delivery offices, Business Gateway providers, LINC and the SE National High Growth Start Up Unit.  IRS was complementary to other existing business development and investment initiatives across Scotland.   

 


KEY DATES
  • Status
  • Completed
  • Project Launch
  • 01 April 2008
  • Project completed
  • 31 March 2013
regional development business competitiveness business growth
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