Scottish Investment Fund nears 10 million mark
Progress on delivering the Scottish Investment Fund continues to be buoyant with just under £10m now approved. The end of year 2 target approval figure of £14m is on track and demand is high with a further £35m of potential investment currently being assessed.
Investments include a wide range of organisations and recent investment approvals include HomeAid Caithness and Sutherland, Furniture Project (Stranraer) Ltd, Kibble Education and Care Centre, Cornerstone Community Care Ltd, Speyside Trust, Recycle Fife, Bethany Christian Trust, The Wasps Trust and Children 1st. This is in addition to investments now drawn including Momentum, Comrie Development Trust, Re-Union Canal Boats, Wise Group, Calman Trust, Out of the Blue and Spartans Community Football Academy.
Over at the core SIS loan fund we understand that activity is similarly high with Alastair Davis, Investment Director forecasting 52% year on year growth in loans drawn by the end of March 2010.
The deadline for applications and business plan submissions has now passed. more
£3m of investment capital has been made available by the Scottish Government. more
The closing date for applications and business plan submissions will be 5pm on October 14th 2011 more
From Edel Harris, Chair of the Scottish Investment Fund Investment Panel more
Phase one of the Scottish Investment has now closed. more
