Foresight Scottish Growth Fund

The Scottish Growth Scheme is a package of financial support of up to £500 million for small and medium enterprises (SMEs) in Scotland. Backed by the Scottish Government, it aims to help businesses grow.

This funding includes the Foresight Scottish Growth Fund, which is managed by the Foresight Group on behalf of the Scottish Government. It provides equity finance of up to £2 million in rounds of up to £10 million for eligible businesses.

This equity funding can be used for a variety of purposes, including:

• working capital
• capital expenditure
• growth funding

To be eligible for equity financing of up to £2 million from the Foresight Scottish Growth Fund, businesses must:

• be a small to medium-sized enterprise (SME), external link which will open in a new window
• have a funding proposal which demonstrates potential for high growth
• have a viable business plan which demonstrates how the requested funding will help grow your business
• be based in Scotland or ready to relocate to Scotland (and be located in Scotland before any equity financing is made available)

Foresight Scottish Growth Fund is not sector-specific and businesses in a variety of sectors have already been supported under the fund, though certain sectors may be restricted.

There is no cost to apply.

High-growth SMEs based in Scotland seeking funding to develop new products and/or markets.

This is an equity fund: Foresight will subscribe for shares in the businesses of successful applicants.

Investments can be made in companies at a variety of stages, from early stage to expanding businesses seeking to develop new products and/or markets.

Advice and support for SMEs seeking to access finance is available from Business Gateway. Financial readiness support is available from Scottish Enterprise, including in the Highlands and Islands area.

Visit the Foresight website for more information and to apply.