Scottish Co-Investment Fund

Support provided by Scottish Enterprise Highlands and Islands Enterprise South of Scotland Enterprise

What does this involve?

The Scottish Co-investment Fund (SCF) is designed to address a finance gap alongside Scottish Enterprise's accredited co-investment partners.

You’ll need to secure funding from an accredited co-investment partner before applying for the fund. The partner will carry out diligence and bring the investment proposition to Scottish Enterprise detailing deal size, timing and deal structure.

Once investment is agreed, the Scottish Enterprise portfolio management team will work alongside your management team on an ongoing basis. They'll help shape your strategy and maximise the investment outcomes for the company, the investors and the Scottish economy.

Am I eligible?

To be considered for investment from the Scottish Co-investment Fund your company must:

  • be a commercially-viable business
  • have, or be in the process of developing, a significant operational presence in Scotland which is proportionate to the levels of investment being sought
  • be a small to medium sized business


The fund is not sector-specific but certain sectors may be restricted, including:

  • real estate/property development
  • social and personal services
  • pubs, clubs and restaurants
  • local services
  • banking, some financial services and insurance
  • motor vehicles
  • nuclear decommissioning
  • professional services
  • retail

What does this cost?

There is no cost to apply.

Who is this for?

Scottish start-up, early-stage or growing companies seeking investment to develop products and/or markets.

How long does this take?

This will depend on your application and the grant review process.

Important information

Investment can be made in companies from start-up, early-stage to expanding businesses seeking to develop products and/or markets.


This Fund can:

  • match accredited investment partners up to a maximum of 50% of the total funding package on a commercial basis
  • provide from £10,000 up to £1.5 million, as part of a total deal size typically ranging from £20,000 up to £10 million


This is an equity fund (Scottish Enterprise subscribe for shares) with deals brought forward to the Fund by partners. The Fund invests on equal terms with the investment partner.

Next steps

Submit an enquiry and an adviser be in touch to talk through your options and help you apply for funds.

Support provided by Scottish Enterprise Highlands and Islands Enterprise South of Scotland Enterprise

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