Scotland readies $250m in funding

The Scottish-European Growth Co-Investment Programme has been backed by the Scottish Investment Bank and the European Investment Fund.

Scottish Investment Bank (SIB), the investment arm of Scotland government-owned economic development agency Scottish Enterprise, has backed the £200m ($250m) Scottish-European Growth Co-Investment Programme.

SIB has put £50m into the fund, with another £50m supplied by the EU-owned European Investment Fund. The remaining £100m will be leveraged from private fund managers across Europe.

The program is the first part of the Scottish Growth Scheme, a £500m initiative backed by the country’s government to support domestic business growth.

Kerry Sharp, director of the Scottish Investment Bank, said: “Today’s announcement is great news for Scottish companies with ambition for scale.  This new program will allow us to engage with even more international investors and attract larger amounts of investment into Scottish companies.”

See more from this Government Report: Scotland


Copyright Mawsonia Limited 2010. Please don't cut articles from or the PDF and redistribute by email or post to the web without written permission.

Most read

  1. Temasek-backed Adyen announces IPO plans

    June 01, 2018

  2. Ant Financial seals $10bn

    June 01, 2018

  3. Enterprise Ireland joins $10.9m Neurent round

    June 01, 2018

  4. Northern Ireland backs $4.3m SiSaf round

    June 01, 2018

  5. BDC joins $4.5m AvenueHQ round

    June 01, 2018