In a move designed to increase investment levels at seed stage, the change will result in a total public and private sector combined potential deal size of £500,000.

The Scottish Seed Fund was established to improve the availability of finance for start-up and young growing companies in Scotland. It invests between £20,000 and £250,000 alongside matched private sector investment, on an equity basis, in early stage businesses demonstrating high-growth potential in terms of launching new products, entering new markets and increasing employment.

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More about the Scottish Seed Fund