With loans ranging from £25,001 to £250,000, the extension of the Scottish Growth Scheme offers significant financial support to growing Scottish businesses.
The scheme, set up by the Scottish Government, has been managed by UMi since 2019, and during that time has provided £12 million of loan funding to over 170 SMEs as well as helping create over 200 new jobs.
Until March 31, 2024, the additional £4 million of funds can be accessed by Scottish companies that need support pursuing growth plans. Loans can be used for a wide range of purposes including capital investment, exports, contract finance and innovation.
Accompanying one of the flexible business loans, UMi allocates an experienced investment executive to each applicant who will help and guide them through the process.
Applicants can draw knowledge from a team with many years of business and corporate banking lending experience as well as having expertise across a broad range of sectors.
Click below to share this article