Funding & Investment
Many businesses need funding to move from a ‘take-make-waste' model to circular practices. Funding can help cover upfront costs such as redesigning products, processes, and supply chains for sustainability.
Securing funding for your start-up or small business can be tough - but you're not alone. Whether you're just starting out or looking to grow, the right financial support can make all the difference.
Why funding matters to businesses
Many businesses need financial support to shift from a “take, make, waste” model to one where we make the most of the materials we have. Funding helps cover the high upfront costs of redesigning products, processes, and supply chains to make your business become sustainable.
De-risking New Business Models: circular economy ventures often involve untested or emerging technologies and practices. Grants and support services reduce financial risk, encouraging SMEs and start-ups to experiment and innovate.
Building Capacity and Skills: Investment in training and skills development is essential to implement circular strategies effectively. Funding supports workforce upskilling and the integration of circular economy principles into education and lifelong learning.
Scaling Impact: Funding allows successful pilot projects to scale, increasing their environmental and economic impact. It also helps businesses commercialise new circular products and services.
Types of funding
With options ranging from grants and investors to crowdfunding and alternative finance, it’s important to find the solution that fits your goals. By exploring your funding options and understanding what’s available, you’ll be better equipped to make smart decisions that drive your business forward.
Small businesses typically rely on three main types of funding:
- Grants: non-repayable funds, often provided by governments or organisations to support specific projects or initiatives. Ideal for innovation, sustainability, or community-focused work.
- Loans: borrowed money that must be repaid with interest. Suitable for businesses with steady cash flow and a clear repayment plan.
- Investment: capital from external investors, like angel investors or venture capitalists, in exchange for equity. Best for high-growth businesses looking to scale quickly.
Each option comes with its own benefits and considerations. Depending on your business goals and stage of growth, a combination of funding types might be the most effective strategy.
Does my business qualify for funding?
No matter which funding route you pursue, being well-prepared can make all the difference. Funders, whether lenders, investors, or grant providers, want to see that your business is financially sound and has a clear strategy for growth.
Taking time to organise your finances and build a compelling business case will significantly boost your chances of success.
How to prepare for funding:
- Create a robust business plan outlining your business model, financial projections, and how the funding will be used to drive growth.
- Research eligibility criteria thoroughly before applying as grant applications can be time-consuming.
- Review your financial health by checking your credit score, analysing cash flow, and ensuring your financial records are accurate and up to date.
- Gather your essential documents and be ready to provide bank statements, tax returns, and performance metrics to support your application.
- Clarify your funding needs and know exactly how much you need and why. A well-justified amount shows credibility and planning.
Funding sources
Zero Waste Scotland
Zero Waste Scotland
Zero Waste Scotland currently has no active funding opportunities for businesses. Join our mailing list to be the first to hear about future support that could help you achieve your goals.
Funding offered by the Public Sector
Find Business Support
Find Business Support provides an overview of all funding and services offered by public sector organisations across Scotland, conveniently in one place.
Business Gateway
Business Gateway provides support and resources to help individuals start and grow their businesses.
Social Investment Scotland
Social Investment Scotland is a social enterprise and charity offering loan funding and business support for social enterprises, charities and community groups.
Scottish Enterprise Agencies
Scottish Enterprise Agencies offer support to help businesses innovate and scale up.
Business investment opportunities
Scottish Enterprise Entrepreneurship and Investment
The Scottish Enterprise Entrepreneurship and Investment team can help you find sources of finance, engage with funders and secure investment to grow your business.
Scottish EDGE
Scottish EDGE is Scotland’s biggest business funding competition, offering grants and loans to help grow your start-up, social enterprise or charity.
Banks
Banks, such as Royal Bank of Scotland, can offer financial support and loans for businesses.
Investment Fund for Scotland
The Investment fund for Scotland offers a range of commercial finance options across Scotland, including rural, coastal and urban areas.