The Business Support Unit was established by HM Government of Gibraltar as a means of providing free guidance and support to individuals or businesses that wish to invest, start up, expand or diversify a business entity in Gibraltar. The Unit’s role remains largely unchanged although its functions are now carried out as part of the Office of Fair Trading
The Business Support Unit also actively participates in the development of new ideas and initiatives to promote business and entrepreneurship in Gibraltar. To this aim, the Business Support Unit arranges regular free seminars on business related topics providing information and support to all interested individuals.
Gibraltar Business Nurturing Scheme
The Gibraltar Business Nurturing Scheme is another prime example of the functions administered by the Business Support Unit. The scheme was recently established by HM Government to financially support the development and progression of new business start-ups in Gibraltar. The Ministry of Business and Employment and the Business Support Unit engaged extensively with the Gibraltar Chamber of Commerce and the Gibraltar Federation of Small Businesses to develop this initiative and ensure the effectiveness of the scheme.
A total amount of £250,000 has been set aside for the purpose of the Gibraltar Business Nurturing Scheme. Applicants may request up to a maximum of £25,000 in the form of a loan, for the commencement of a new business or the expansion of an existing one. Applications to the scheme are assessed on a points-based system by a committee of three individuals, comprising one member of the Gibraltar Chamber of Commerce, one from the Gibraltar Federation of Small Businesses and an official from the Ministry of Business and Employment. Applicants achieving a preliminary score of 50/100 or more are then invited to meet the committee. Following the meeting, the committee then finalise their scores and make a consolidated recommendation to the Minister for Business and Employment for approval.
|GBNS Application Form|
For more information on the Gibraltar Business Nurturing Scheme please contact the Business Support Unit at the Office of Fair Trading.
T - 20065396
Single Point of Contact
For support in relation to the establishment of a new business and the registration of the same please visit our Single Point of Contact page.