Investment & Fund Management
this initiative is a collaboration between the European Investment
Full Credential Description
The Scottish-European Growth Co-Investment Programme is a GBP 100 million equity co-investment scheme aimed at supporting Scottish SMEs and attracting international private equity investment to Scotland. Launched in June 2017, this initiative is a collaboration between the European Investment Fund (EIF) and Scottish Enterprise, each contributing GBP 50 million. The programme specifically addresses the "second equity gap" that companies encounter as they transition from the start-up phase to growth, while also being open to start-up companies.
The tailored solution provided through this programme involves co-investment funding alongside equity investment funds and private investors on market terms. This approach is designed to catalyze at least an additional GBP 100 million of growth capital for targeted companies. The EIF manages the programme by deploying co-investments into companies alongside investment funds within its portfolio. Scottish Enterprise plays a supportive role, assisting companies in identifying suitable fund managers and preparing investment propositions.
The programme's impact is significant, as it aims to foster growth, expansion, or acquisition financing for SMEs in Scotland, with a focus on ensuring that at least 75% of the financing is allocated for growth purposes. Eligible companies must demonstrate strong growth and export potential, with a clear path to increasing turnover, profit, or employment. This initiative is part of a broader GBP 500 million financial package backed by the Scottish Government, aimed at helping Scottish businesses thrive and grow.