What is the Scottish Venture Fund?
The Scottish Venture Fund invests in companies from startups, early-stage to expanding businesses seeking funding to develop products and/or markets. This fund can invest alongside sophisticated private sector investors on equal terms, up to a maximum of 50% of the total funding package on a commercial basis. Scottish Enterprise is a ‘gap’ funder, so you should seek to maximise private sector investment before approaching us. We can provide from £10,000 up to £2 million, as part of a total deal size typically ranging from £20,000 to £10 million.
The following information would be required:
- details of the private sector funding secured, sources and terms
- the amount being sought from the Scottish Venture Fund
- a detailed business plan including key financial information (at least three-year forecasts and historic information)
- what the funding will be used for
Who is this for?
This is for businesses seeking funding to develop products and/or markets.
Eligibility?
To be eligible for investment from the Scottish Venture 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
- Demonstrate the economic benefits to Scotland that could result from the investment
- Demonstrate which other funding sources have been explored
- Fall within the EU definition of a Small to Medium Enterprise (SME)
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
