Scottish Government announces additional investment in the SLF

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    After Maven’s selection as the sole fund manager of the Scottish Loan Fund in February, the government has boosted funding by £40m from the private sector.

    Published: Mar 21, 2011
    Focus: Growth Capital

    £40 MILLION PRIVATE SECTOR COMMITMENT TO SCOTTISH LOAN FUND

    Following Maven’s selection as the sole fund manager of the Scottish Loan Fund in February, the initiative has received a further boost with a significant level of capital being committed from the private sector.

    First Minister Alex Salmond has announced that Clydesdale Bank, Lloyds, RBS and Santander, alongside other private investors, have pledged additional funds totalling almost £40 million. This means over £94 million is now available for Scottish SMEs to borrow after an initial £55 million investment from the public sector.

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    Growth Capital