Accessing finance and attracting investment

Scottish Co-Investment Fund

Scottish Co-Investment Fund

Are you a Scottish start-up, early-stage or growing company seeking investment to develop products and/or markets? We can match fund accredited investment partners to support your growth plans.

Match funding to meet your needs

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

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

How we can help

Through this fund, we 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 £2 million, as part of a total deal size typically ranging from £20,000 up to £10 million

This is an equity fund (we subscribe for shares) with deals brought forward to us by our partners. We invest on equal terms with the investment partner.

Enquiries for Scottish Investment Fund support should be made through an accredited investment partner.

Ask our financial readiness advisers for help to prepare your investment proposition

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
  • Fall within the EU definition of a Small to Medium Enterprise (SME)

Restrictions

The fund is not sector-specific but certain sectors may be restricted.

This includes goods, services or activities in well-served markets — unless you have a disruptive business model, for example:

  • Banking, insurance, sub-prime lending or other activity where there is onward lending or credit risk including hire purchase and dealing in land, derivatives or commodities
  • Businesses whose trade is limited to a local area, and whose direct competitors are other local businesses, including shops and retail (sale of third-party goods)
  • Events, restaurants, hotels, pubs and clubs
  • Social and personal services
  • Professional services
  • Motor vehicles
  • Real estate and property development

Technology companies which innovate or create new markets, or market engagement, for these activities may be considered.

Any activity that could have a negative impact on our organisation's reputation or ethical standards is restricted. This includes the use of technology aimed at facilitating the following:

  • Activities with an adverse impact on human rights or the environment
  • Gambling
  • Tobacco
  • Adult entertainment
  • Weapons and ammunition

What's involved?

You’ll need to secure funding from an accredited co-investment partner before we can look at co-investing into your company.

The partner will carry out diligence and bring the investment proposition to us detailing deal size, timing and deal structure.

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

Search accredited partners we work with

Contact our team to find out more

We're on hand to answer your questions and explain the support we can offer to help your business succeed.