The Trust will offer loans which can only be used for the purposes agreed between the applicant and the Trust. In certain circumstances we will also consider funding by way of grants.

A loan will typically be given for a period up to 3 years, interest free, with repayments starting after year one at an agreed rate.
  • The Trust normally assists between 10 and 20 businesses per annum with loans up to £10,000 in value, usually in the region of £5,000.
  • Loans can be given for any legitimate business activity, eg capital development, working capital, training, marketing and so forth.
  • Loans from the Trust will be treated by most public sector funders as private input to the project. Thus the Trust’s funds might be used, for example, as a way of contributing to a capital expenditure project.
  • The Trust awards can supplement, but not substitute, existing public sector assistance.
  • Special consideration will be given to innovative and environmental projects and those using and promoting the use of local resources.

Applicants must be based in the current Argyll and the Islands Enterprise area - as displayed above