Date lodged: 29 November 2017
To ask the Scottish Government whether it will provide an update on the additional funds being allocated to the SME Holding Fund under the Scottish Growth Scheme.
Answered by: Derek Mackay 4 December 2017
The 2017 Programme for Government indicated that, through the Scottish Growth Scheme, we would expand the SME Holding Fund by £25 million and that, alongside additional private sector investment, we expected this to provide over £100 million to innovative, high-growth companies. To date, this funding has resulted in investment of £10 million in 12 companies across a range of sectors such as software development, textiles, energy, multimedia, fintech and healthcare.