• The SMART Process
• Guidance Notes
• Application Forms
• Project Proposal
• Business Plan
• Accounts
• Technical Advisers

Business Plan

Your application must also include a business plan which we use to assess where the project fits into the business strategy.  Your business plan should include:

A brief description of your business and the roles of key staff:

• Describe the products you make or distribute, or the services you provide.
• Attach a catalogue or brochure if available.
• Give details of the names, roles, qualifications and experience of key personnel engaged in the business and the project for which grant is sought.

A description of how you see your business developing over the next few years:

• What market do you serve or are you aiming to serve?
• Who will be your major customers and where are they located?
• What competition for your innovation do you have or expect and how have you determined this?
• What benefits does your innovation have over the competition?
• How do you expect your products and market to change?
• What are the main risks to your business (for example Marketing, Finance, Technical).

An explanation of how the project fits in with your plans and how you expect the project to affect your current sales, profit and employment levels:

• How do you expect the project to affect your current sales, profit and employment levels?
• When do you expect to see the benefits from the project, in terms of sales and profits?

Details of how your business will be financed.

If you do not have an existing business plan which covers all of this, we have a pro-forma business plan which you can down-load below.

SMART: SCOTLAND Buisness Plan (PDF, 91Kb)

SMART: SCOTLAND Business Plan (Word, 2.57Mb)