Scottish Growth Scheme offers funding for SMEs

The Scottish Government is to provide additional funding to ambitious businesses, through the Scottish Growth Scheme. The next phase of the £500 million programme will offer a range of financial support to new and existing SMEs that are keen to grow.

Support will include:

  • microfinance loans of up to £25,000
  • debt or loan finance of up to £100,000
  • equity investment of up to £2 million
  • loans of £250,000 to £2 million (up to £5 million in exceptional circumstances) for growth-focused SMEs with a viable business plan and a clear ability to repay the debt.

The funding is provided through a series of different initiatives, some delivered by Scottish Enterprise and some by fund managers appointed by the Scottish Government. More details at https://www.mygov.scot/scottish-growth-scheme/

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