Foresight Scottish Growth Fund

Support provided by Scottish Government

What does this involve?

The Scottish Growth Scheme is a package of financial support of up to £500 million for Small and Medium Enterprises (SMEs) in Scotland. The Scottish Growth Scheme is part financed by the European Regional Development Fund, backed by the Scottish Government, and aims to help businesses grow.

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

Equity funding can be used for a variety of purposes including:

  • working capital
  • capital expenditure
  • growth funding

Am I eligible?

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
  • 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 locate to Scotland (and 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.

What does this cost?

There is no cost to apply.

Who is this for?

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

How long does this take?

This will depend on the nature of your funding proposition and the review process. Foresight Group will evaluate your formal application and makes the investment decision.

Important information

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

Investments can be made in companies from early stage to expanding businesses seeking to develop new products and/or markets.

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

Next steps

Visit the Foresight Group website for more information and to contact the Foresight Team.

Support provided by Scottish Government

Help us improve

For example, something is incorrect, confusing or not working properly. Try to be as specific as possible. Don't include personal or financial information like your national insurance number or credit card details.