Scottish Growth Scheme

The Scottish-European Growth Co investment Programme

The Scottish-European Growth Co investment Programme is the first product under the Scottish Growth Scheme (SGS) and is focused on addressing a gap in Scotland’s supply of risk capital by providing equity funding to some of Scotland’s most ambitious companies looking for significant investment for growth. 

SGS was announced in last year’s PfG to target SMEs that have significant growth potential, both here and through exports, in particular those that are technology intensive and which struggle to obtain finance through conventional means. Other products under the Scottish Growth Scheme brand will emerge over coming months. 

Key aspects:

  • This is a risk capital Programme providing equity funding;
  • The Programme is a £200m initiative - bringing together a £50m commitment from Scottish Government (through Scottish Enterprise), and £50m from the European Investment Fund (EIF) which will leverage at least £100m from private sector fund managers;
  • The EIF is the EU financial institution within the European Investment Bank, and this Programme is part of a wider EIF initiative launched recently to increase investment opportunities in its Member State’s companies. Scotland will be one of the first to take advantage of the Scheme;
  • The Programme aim is to stimulate private sector investment in some of Scotland’s growth SMEs, with global ambitions, helping to attract higher levels of international investment into Scotland;
  • The initiative will see Scottish Government and the EIF’s contributions merged to form a co-investment Programme, from which EIF accredited investors can seek co-investment to support Scottish companies looking to raise significant funding for growth;
  • The Programme is open for applications from 16 June.

Directing companies to support

  • The Programme will be delivered and managed by the EIF, with companies able to access business support from Scottish Enterprise (SE);
  • SE can support individual companies seeking to participate, and assist in identifying relevant Fund Managers to engage with;
  • In addition, SE will directly assist companies wishing to access this funding, helping them to prepare investment propositions to attract this investment;
  • Scottish companies looking to secure this investment or explore the option, should in the first instance approach SE for advice and support, the Scottish Investment Bank (SIB) will be the point of contact; https://www.scottish-enterprise.com/about-us/what-we-do/investment/sib

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