Glasgow City Council

Transferring a Business

Contact Business Support

 

What is it?

We offer loans of up to £100k to support the transfer of a viable business from one owner to another through the Glasgow Business Transfer Loan Fund (GBTLF).

Did you know?

  • 90-96% of businesses that are successfully transferred remain trading after 5 years
  • Transferred businesses outperform start-ups in relation to survival, turnover, profit, innovativeness and employment
  • Business sustainability provides a platform for job creation and ensures jobs are safeguarded

Who is it for?

Having grown and nurtured your business, one of the most difficult stages is to consider moving on and letting someone else take over.  Succession planning and valuation is an important dimension of business and our Business Advisers can offer support and advice to ensure the transition is planned and considered.  They can also help entrepreneurs looking to acquire a business and ensure sustainable economic growth in Glasgow.

How do I apply?

Our Business Advisers will work with you to determine whether your business is eligible and guide you through the application process.

Contact Business Support

 

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