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Programme

Scottish Enterprise Growth Investment Team

Finance and Risk Capital

Impact for scaleups

169

UK companies backed

38%

Follow-on investments

115

Growth-stage investments

£1.4bn

Private sector investment leveraged

Key sectors

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

Newly endorsed by the ScaleUp Institute in 2021, 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) matches accredited investment partners up to a maximum of 50% of the total funding package, providing from £10,000 up to £1.5m in deal sizes typically ranging from £20,000 up to £10m, and its Scottish Venture Fund also invests alongside sophisticated private sector investors.

Since 2003, SE Growth Investment Team has made 314 investments and 40 lead investments. It has invested £505m and leveraged over £1.4bn in private sector investment. Since 2011, it has contributed to 23 investments in 11 scaleup companies, worth more than £50m. Notable scaleups that have been supported include FanDuel, Symphonic, and Cyberhawk.

SE Growth Investment Team has been endorsed 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