The Supply of Growth Capital for Emerging High Potential Companies in Scotland

ICAS and partner bodies propose new ways to fund growing businesses.

12 June 2014
The Royal Society of Edinburgh, Scottish Financial Enterprise & ICAS

Joint Working Group Report

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Among the report's key recommendations are the following points: 

  • The establishment of co-investment funding between pension funds and the private sector on a similar model to the UK Government's Enterprise Capital Funds. Such a model would help promote the establishment of such small venture funds or provide them with access to capital.
  • Developing a Super Co-Fund, built on the model of the Scottish Co-Investment Fund, inviting institutional investors to match the combined angel plus public sector co-investment on an agreed ratio.
  • Revisiting the use of Venture Capital Trust structures operating from a base in Scotland.


  • Thought leadership
  • Business issues

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