Question reference: S5W-31549
- Asked by: Maurice Golden, MSP for West Scotland, Scottish Conservative and Unionist Party
- Date lodged: 3 September 2020
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Current status: Answered by Fiona Hyslop on 7 September 2020
Question
To ask the Scottish Government how much has been allocated by the Scottish Growth Scheme; how many businesses have received support, and whether it is still operational.
Answer
As at 31 July 2020, under the Scottish Growth Scheme, £258.9 million of investment has been unlocked for SMEs, in the form of debt and equity, for 441 companies. The Scheme continues to deliver much needed finance for SMEs, in the form of microfinance (up to £25,000), debt/loan (£25,000 to £100,000) and equity (up to £2m).