British Business Bank unveils £150m investment fund to support Scottish SMEs

The British Business Bank has launched its new £150m Investment Fund for Scotland (IFS) today (5th October) to help smaller businesses to prosper and thrive.

The IFS will be the first solely UK government-backed investment fund for smaller businesses in Scotland.

It aims to increase sustainable economic progress by supporting new and growing businesses across the whole of Scotland through investment strategies most suited to their needs.

Three fund managers have been appointed to manage the IFS, with DSL Business Finance managing the smaller loans (£25,000 to £100,000) and the FSE Group managing larger facilities (£100,000 to £2m).

Read more HERE.