Scottish Co-investment Fund For Businesses In Scotland

11th January 2024

The Scottish Co-Investment Fund (SCF) from Scottish Enterprise provides match-funding for Scottish start-up, early-stage or growing companies that are seeking investment alongside accredited co-investment partners.

The fund is designed to address a finance gap and support your growth plans.

Funding is available in amounts typically from £100,000 up to £2 million, as part of a total deal size that typically ranges from £200,000 up to £10 million.

You'll need to secure funding from one of Scottish Enterprise's accredited co-investment partners before you apply for the fund. This partner will carry out due diligence, then present the investment proposition to Scottish Enterprise with details of the deal size, timing and structure.

Once the investment is completed, Scottish Enterprise's portfolio management team will work with your management team and co-investment partner to maximise the outcomes of the investment for everyone involved and the Scottish economy.

Am I eligible?
Investment is available for start-up or early-stage companies, as well as expanding businesses seeking to develop their products or markets.

To be considered for investment from this fund, your company must:

be a commercially viable business with high growth potential
operate or be planning to operate in Scotland at a level that matches the investment you've requested
be a small to medium-sized business
have, be developing or be committed to developing a net zero plan
demonstrate or be working towards the 7 key principles of fair work: employee voice, security, respect, opportunity, fulfilment, flexible and family working, and the rejection of fire and rehire practices
The fund is not sector-specific, but certain sectors are restricted. Companies in these sectors may be considered if they have developed an innovative way to either address a gap or create new markets in the sector.

Restricted sectors include:

real estate or property development
social and personal services
pubs, clubs and restaurants
hotels
local services
banking and some financial services and insurance
motor vehicles
professional services
retail

Find out more HERE