The British Business Bank (BBB) has announced plans to launch a £150 million investment fund this summer, aimed at driving the growth of small and medium-sized businesses in Scotland.

The Investment Fund for Scotland is one of a series of nations and regions investment funds being launched by the BBB which will deliver a £1.6 billion commitment of new funding to smaller businesses across the UK. The fund will offer a range of commercial finance options with loans from £25,000 to £2m and equity investment of up to £5m.

By increasing the supply and diversity of early-stage finance for smaller businesses in Scotland, it aims to tackle an identified funding gap. Similar funds are planned for other regions.

The Investment Fund for Scotland will operate across three tiers: smaller loans (£25k-£100k), debt (£100k-£2m), and equity (up to £5m).

Read More