Growing your business

Digital Development Loan

Digital Development Loan

Funding to improve digital capability

Does your company need funding to improve its digital capability?

If you want to improve your digital capabilities and processes in areas such as cyber security, data analytics, software engineering and digital skills development, the Scottish Government provides interest free loans to help small to medium enterprises:

  • Loans from £5,000 and £50,000 
  • Interest free payments
  • 3 month to 5 year terms

Is it for me?

  • Your business must be located in Scotland
  • Must be trading a minimum of 6 months
  • The purpose of the loan must be to improve digital capacity and or capability of the business
  • Applicants must be over the age of 18
  • Applicants must be a UK resident with the right to work in the UK
  • All industry sectors are eligible for consideration. The assessment will focus more on the contribution of the project to the fund objectives.
  • Your business must meet the European Commission's definition of an SME in relation to employees, balance sheet and turnover

Check your credit history

  • Applications will not be progressed if applicants are subject to formal insolvency such as sequestration/bankruptcy
  • Applicants who have defaulted on existing debts may still be considered for the Digital Development Loan if they can demonstrate that they have maintained regular repayments for a minimum of 6 months
  • Applicants who have discharged Bankruptcies and Trust Deeds are eligible to apply after the discharge date

Loan applications for the following purposes are not eligible:

  • Businesses or projects involved in betting or gambling
  • Loans for the purchase of property for resale

Lending terms

Summary terms of the Digital Development Loan for existing SME’s including sole traders, partnerships and social enterprises:

  • Minimum loan is £5,000
  • Maximum loan is £50,000
  • Minimum repayment term is 3 months
  • Maximum repayment term is 60 months
  • Interest rate is fixed at 0%
  • No administration fee
  • No penalties for early settlement

How to apply

Register on the Digital Development Loan website to get started.