How to apply
Eligibility & Decision Criteria
The Scheme Rules detail the eligibility criteria and can be downloaded here.
- Nature of the Business & Structure
- Applicants are based in the Dounreay “travel to work area” (see below map)
- Purpose of the loan
NHRF is an open programme to all but applicants MUST be able to demonstrate:
- A funding gap exists
- Viability of the Business
- Potential for Growth & Employment
- Good practice
- Financial standing of proposed borrowing organisation
The loans the North Highland Regeneration Fund (NHRF) make are provided by the Nuclear Decommissioning Authority (NDA), which is ultimately tax payer’s money.
Therefore, the North Highland Regeneration Fund has a duty to ensure that where defaults occur all reasonable steps are taken to recover the debt. In addition, the NHRF will notify Companies House and other relevant agencies where it believes inappropriate behaviour has occurred.
An application form can be downloaded here, but we recommend that potential applicants contact the Managing Agent team on 01847 500103 or email firstname.lastname@example.org to discuss before filling out the form.