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Parliamentary Debates and Questions

S5W-10106: Jackie Baillie (Dumbarton)

Scottish Labour

Date lodged: 3 July 2017

To ask the Scottish Government how much funding is being made available from the Scottish Growth Scheme in each year of the current parliamentary session.

Answered by: Derek Mackay 7 July 2017

The £500 million Scottish Growth Scheme will unlock investment through a combination of equity, loans and guarantees over 3 years. The first tranche of investment under the scheme, the Scottish-European Growth Co-Investment Programme announced on 16 June, will provide an estimated £200m in equity investment, over the next 3 years with an anticipated profile of £40m in 2017-18, £80m in 2018-19 and £80m in 2019-20. Further initiatives under the SGS and associated phasing of funding are expected to be announced in the coming months.