- Applications must be from organisations who are delivering, or want to deliver, for-profit activity that is pioneering and innovative.
- Applicants should have the capacity to produce a robust business plan that demonstrates the above, as well as historic financial information where appropriate and relevant.
- The business plan should realistically illustrate how this step change in revenue and profitability will be achieved.
- Organisations must be based in Scotland and carry out the majority of their activity in Scotland.
- The application must be clear on what the investment will be used for; however the investment can be used for almost anything including capital expenditure, revenue funding, marketing, business development or working capital.
- Applicants should be able to demonstrate that they have explored other avenues (such as bank or other debt finance) in an attempt to secure funding for the proposal in their business plan.
The Scottish Investment Fund will NOT invest in
Organisations with little or no track record of generating income other than grants;
Organisations that are insolvent or at risk of insolvency;
Subsidiaries of public bodies such as local authorities;
The core functions of support organisations, support bodies and intermediaries –