Regulation 4 Business Plans
The Scottish Ministers may require that an eligible person, who intends to make an application under regulation 5, prepares a business plan in accordance with the following paragraphs of this regulation.
The business plan shall be in writing in such form as the Scottish Ministers reasonably may require and shall include statements of–
the assets and liabilities of the eligible business;
the current viability of the eligible business and proposals for enhancing its current viability; and
the skills and training requirements for the eligible business.
The Scottish Ministers may approve a business plan submitted in accordance with this regulation.
The Scottish Ministers may pay to an eligible person financial assistance towards the costs of an approved business plan–
if the business plan has been prepared by an independent adviser, at the rate of 50% subject to a maximum payment of £400; or
in any other case, at a fixed amount of £100.