The Scottish Growth Scheme is a package of financial support of up to £500 million for Scottish businesses. It aims to help small and medium businesses grow throughout the country. This funding will be provided through a series of investment initiatives.
Small and Medium Enterprises across Scotland will have the chance to apply for financial support through five different fund managers, including Foresight. This includes equity investment in deals of up to £2 million, microfinance loans of up to £25,000 and debt or loan finance of up to £100,000. This funding comes from the Scottish Government and the European Regional Development Fund.
Foresight is one of the appointed fund managers tasked with deploying this capital over the next five years. The recently established Foresight Scottish Growth Fund aims to support economic growth and job creation in Scotland, also attracting additional private sector investment, by backing exciting growth companies across a range of sectors.