HIE Welcomes New Business Fund
11th July 2020
The Early Stage Growth Challenge Fund, announced today (10 July) by Economy Secretary Fiona Hyslop, will open to applications on Monday 20 July.
It is part of the £230m economic stimulus package launched by the Scottish Government in June.
The new fund is for successful businesses whose routes to investment and growth have been negatively impacted by the coronavirus (COVID-19) pandemic.
It will be open to applications until Friday 31 July. All eligible applications will be assessed and graded with the highest-graded applicants receiving funding.
Welcoming the announcement, HIE's director of business growth, David Oxley, said:"This fund is aimed at firms involved in life sciences, technology and advanced engineering, as well as the emerging space sector. It's also intended to support companies that have the potential to create jobs and that have a low carbon focus.
"These criteria apply to many companies in our region, so we would encourage them to consider making an application."
David Oxley (photo by Trevor Martin)
The Business Panel survey was commissioned by Highlands and Islands Enterprise (HIE) and carried out in June. This wave of the survey focused on impacts of and responses to the pandemic.
IMPACT30 is a fully funded business growth programme, offering bespoke support from industry specialists. It is open to people aged 35 and under, who are in key decision-making roles in young ambitious businesses.
Audrey McIver HIE's director of energy and low carbon reflects on the benefits to the Highlands and Islands of recent announcements for the sector. This is a very difficult time for virtually all industries, and energy is no exception.
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60 new jobs at ODx. ODx established the medical testing business on Inverness Campus in August 2019, with up to £1.75m investment from Highlands and Islands Enterprise (HIE).
HIE organises training and courses for businesses. This online webinar may be of interest.
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The proposed 2700m² facility is a joint project between Highlands and Islands Enterprise (HIE) and the University of the Highlands and Islands. Designed by multi-disciplinary design firm Austin-Smith: Lord, it aims to build on the successes of the Centre for Health Science in the grounds of Raigmore Hospital.
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The public body responsible for Cairngorm Mountain acted appropriately when selecting a private company to manage the resort, but tough decisions on its future are now required. Cairngorm Mountain Limited (CML), which operated the mountain's winter sports and leisure activities, went into administration in 2018 following the closure of the funicular railway due to structural problems.