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Parliamentary debates and questions

S5W-10105: Jackie Baillie (Dumbarton)

Scottish Labour

Date lodged: 3 July 2017

To ask the Scottish Government how much direct funding it is providing for the Scottish European Growth Co-investment Programme; who the other funding partners are; when it will commence, and what the criteria are for accessing funding.

Answered by: Derek Mackay 7 July 2017

The Scottish Government contributed £50 million (via Scottish Enterprise) to the Scottish-European Growth Co-Investment Programme. This was matched by £50 million from the European Investment Fund (EIF). In addition, the Programme is expected to lever over £100 million from EIF accredited fund managers across Europe for investment in Scottish companies and companies have been able to access the Programme since 16 June 2017. Details on the eligibility criteria can be found at https://www.scottish-enterprise.com/services/attract-investment/scottish-european-growth-co-investment-programme/scottish-european-growth-co-investment-programme-overview