Scottish Enterprise unlocks £2bn of private investment

SCOTTISH Enterprise has unlocked more than £2 billion of private sector investment in early-stage companies operating in Scotland.

Through its commercial investment activity, the economic development agency has invested more than £770 million to help unlock funding from private investors since its co-investment activities began in 2003.

More than 600 innovative young companies have benefitted from the growth funding activity, with many excelling in areas of future economic opportunity such as digital health and net zero.

Economy Secretary, Kate Forbes, marked the milestone during a visit to Edinburgh-based start-up company, MiAlgae, which is one of the innovative early-stage businesses in Scotland to have been supported, both from commercial co-investment and also tailored support and advice from Scottish Enterprise to help the company with their scale up ambitions.

A trailblazer in industrial biotechnology, MiAlgae has secured over £630,000 in investment from Scottish Enterprise alongside Scottish Co-investment Fund Partner Equity Gap bringing the total public and private sector funding secured to £2.1 million since it started in 2016.

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