• Privacy Policy
  • Editorial Policy
  • Advertise with us
  • Contact us
Friday, July 11, 2025
Glasgow Report
  • Home
  • World
  • News
  • Politics
  • Business
  • Sports
  • Technology
  • Entertainment
  • Health
  • Lifestyle
  • Science
  • Travel
No Result
View All Result
Glasgow Report
No Result
View All Result

Investment Fund for Scotland passes £10m milestone in first year

by Glasgow Report
in Business


THE British Business Bank’s Investment Fund for Scotland has provided over £10m of funding to smaller businesses in Scotland its first year.

After launching in autumn 2023, 26 businesses have received support to date, involving a mix of both debt and equity funding deals to enterprises across the country.

The investment fund for Scotland aims to improve access to finance and boost the Scottish economy, with loans from £25,000 to £2m and equity investment up to £5m available to help small and medium sized businesses to start up, scale up or stay ahead.

£150 million fund launch photo. Image provided by  Frame Agency.
£150 million fund launch photo. Image provided by Frame Agency.

Dental biotechnology firm Calcivis, luxury skincare treatments provider The Aesthetics Club, and dog-friendly Stockbridge cafe Sip & Bark are just some of the businesses that have been supported by the fund over the past year. 

Three dedicated fund managers, DSL Business Finance, The FSE Group and Maven Capital Partners, were appointed to manage separate parts of the £150m fund. 

Mark Sterritt, director of nations and regions funds at the British Business Bank, said: “Scotland has a thriving small business community, and it is fantastic to see the impact that our fund has made for so many businesses in just 12 months.

“Reaching £10m of equity and loan funding is a significant milestone, and it has helped to unlock significant opportunities for business owners, from expanding teams and developing additional products to securing new premises.

“The fund was established to improve access to finance and support growing businesses with investment strategies that best meet their needs, regardless of who they are or where they are based.

“So far, we have supported firms in technology, life sciences, professional services, hospitality, and more, but this is only the tip of the iceberg. 

“The £150m fund has the potential to unlock even more opportunities for the businesses underpinning local jobs and economies all over Scotland, and we look forward to building on this promising start.”

The anniversary of the investment fund has seen Edinburgh-based Ingenza Ltd, a leading biotech research business, secure funding to double its capacity and create up to 20 new jobs. 

Delivered via The FSE Group, the £2m loan will support the fit-out of new commercial premises, enabling Ingenza to double its office and lab space and meet the growing demand in the pharmaceutical research and development market.

Ian Shott, chairman of Ingenza said: “This investment enables a crucial step forward for Ingenza. The pharmaceutical R&D market is growing rapidly, and we are well-positioned to capitalise on this growth.

“By doubling our capacity, we can enhance our offerings, especially in the area of ‘First In Human’ drug development testing.”

Mark Sterritt added: “There has been growing momentum around life sciences in Scotland for some time, and it is great to support a key player such as Ingenza with funding to implement its growth strategy.

“Innovation is one of the priority areas of the fund, and Ingenza is a welcome addition to the portfolio of high-growth businesses that we are already working with, all at the forefront of cutting-edge science and technology.”



Source link

Previous Post

This magnificent own of Helen Whately was so epic it was visible from space

Next Post

Nature-inspired solar lasers could power space missions

Related Posts

University of Edinburgh spending more on capital expenditure this year than in the past decade according to union 

by Glasgow Report
July 10, 2025
0

THE University and College Union (UCU) have stated that University of Edinburgh  management is planning to spend more money on...

Wave energy company secures £531k funding to propel clean tech

by Glasgow Report
July 3, 2025
0

A FEMALE-FOUNDED wave energy company has secured £531,000 funding to help scale development of new clean technology. Aberdeen-based Zoex’s funding...

Scottish SMEs favouring return to office as 80% see risk to viability

by Glasgow Report
June 26, 2025
0

A MAJORITY of small and medium-sized enterprises (SMEs) in Scotland favour a return to the office as over 80% believe...

Next Post
Nature-inspired solar lasers could power space missions

Nature-inspired solar lasers could power space missions

  • Trending
  • Comments
  • Latest

Hindenburg Report on Adani Places Mr. Modi in Dilemma

February 10, 2023
Pandora’s Cube: A Mysterious Sum and a Sum of Mysteries

Pandora’s Cube: A Mysterious Sum and a Sum of Mysteries

May 19, 2023
A Brief on Kant’s Knowledge and Duty Reflections for “Glasgow Report”

A Brief on Kant’s Knowledge and Duty: Reflections for “Glasgow Report”

July 19, 2023
Dashcam footage shows impatient motorist yelling at driver in car park

Dashcam footage shows impatient motorist yelling at driver in car park

0
Social media users horrified by video of midges swarming hillwalker

Social media users horrified by video of midges swarming hillwalker

0
Scot horrified after finding poo-covered toilet brush in holiday apartment

Scot horrified after finding poo-covered toilet brush in holiday apartment

0

Edinburgh tennis courts open after £100k community-driven refurb

July 10, 2025

Edinburgh business owner creates walking group to combat loneliness 

July 10, 2025

Asexual wasps can support chem-free pest control, scientists say

July 10, 2025
Glasgow Report

Copyright © 2021 Glasgow Report.

Navigate Site

  • About
  • Advertise/Contribute
  • Privacy & Policy
  • Contact

Follow Us

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Sports
  • Technology
  • Lifestyle
  • Health
  • Travel
  • Science
  • Real Estate
  • Press Release

Copyright © 2021 Glasgow Report.