Scaleup programmes

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Scottish Enterprise Growth Investment Team

Finance and Risk Capital

Impact for scaleups


UK companies backed


Follow-on investments


Growth-stage investments


Private sector investment leveraged over 20 years

Key sectors

Impact ventures / Social Impact Life Sciences & Biotech Building & Construction Manufacturing / Advanced Manufacturing Creative, digital, film, games & media Professional services Defence & security Technology & Communications Engineering / Advanced Engineering Transport & Logistics Environmental Science & Technology Farming, fisheries & forestry Finance Food & drink Healthcare

The Scottish Enterprise Growth Investment Team (formerly known as Scottish Investment Bank) is the investment arm of Scottish Enterprise, Scotland’s national economic development agency. It operates across Scotland, working in partnership with Highlands and Islands Enterprise and South of Scotland Enterprise, seeking to ensure that businesses with growth and export potential have adequate access to growth capital, including equity and debt. 

SE Growth Investment Team supports companies to prepare to raise and access finance, provides a financial readiness service to help companies identify and secure appropriate sources of finance, and supports investee companies on an ongoing basis through portfolio management. 

Managing a suite of investment funds and working closely with private sector investors, SE Growth Investment Team’s evidence-based market interventions increase the supply of finance for companies in Scotland.

Its Scottish Co-Investment Fund (SCF) provides matched funding with accredited investment partners up to a maximum of 50% of the total funding package, providing from £100,000 up to £1.5m in deal sizes typically ranging from £200,000 up to £10m. 

Its Scottish Venture Fund provides ‘gap’ funding, identifying gaps within funding rounds which are led by sophisticated experienced arms’ length private sector investors.  The Scottish Venture Fund will invest on equal terms, typically providing from £100,000 up to £2m as part of a total deal size typically ranging from £200,000 to £10m.

In the period between January 2016 to June 2023, Scottish Enterprise supported 177 Scottish companies across 282 fundraising rounds, investing a total of £389m. The average size of its investment round into UK companies since 2015 is £1.46m. The firm has backed Scottish businesses such as ENOUGH, Orbital Marine Power, Amphista Therapeutics and Intelligent Growth Solutions

SE Growth Investment Team has been recognised as an exemplar for its support of high growth businesses in their scaleup journey and its promotion of emerging sectors. SE Growth Investment Team plays an active role as a co-investor such as its work with the Scottish Angel ecosystem. With wider support from Scottish Enterprise, SE Growth Investment Team is an exemplar of a rounded local ecosystem approach to scaleup growth.

Scottish Enterprise Growth Investment Team website