Scottish-European Growth Co-Investment Programme

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Are you eligible?

To be eligible for the Scottish-European Growth Co-Investment Programme your company must secure an investment commitment from a European Investment Fund accredited fund manager.

Your company must also:

  • Be a commercially-viable business, with growth and international ambition
  • Have an established operating base in Scotland
  • Meet the European Union definition of a SME - This means having fewer than 250 employees, an annual turnover of no more than €50 million, and/or annual balance sheet Net Asset Value below €43 million.

The investment can be used:

  • As growth capital
  • As acquisition finance
  • To partially fund a management buy-out or a management buy-in
  • To fund an exit of existing shareholders - In each case 75% or more of the total funding round would be used for growth (i.e. a capital increase and not refinancing).

The investment cannot be used to directly fund activity in the following sectors:

  • Distilled alcohol (such as whisky)
  • Real estate/property development
  • Banking and insurance
  • Gambling
  • Bookmakers
  • Tobacco
  • Adult entertainment
  • Sub-prime financing
  • Religious or political movements
  • Movements, which have an adverse impact on animal or human rights.

The fund managers will confirm your eligibility as part of your company appraisal.