£ 50,000 fund launched to boost investment in Scotland

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The Scottish Inward Investment Catalyst Fund was launched by Interface and the Scottish Government to support Scotland as an inbound investment destination for companies not yet established in Scotland, but looking to establish closer links with academia here.

£ 50,000 is available to help companies partner with Scottish universities, research institutes or colleges to speed up base establishment in Scotland, with funding grants of up to £ 10,000 .

Business, Trade, Tourism and Enterprise Minister Ivan McKee said: ‘Although only 3% of businesses in Scotland are owned by foreigners, they are responsible for almost two-thirds of research spending and business development.

‘In addition, a third of all jobs in Scotland can be attributed to foreign investment, as well as almost half of Scottish GVA and three-quarters of Scottish exports.

“The Edward Investment Catalyst Fund will strengthen the links between academic research and industry, helping Scotland achieve its ambition to be a leading destination for foreign investment that aligns with our values ​​as a nation . ”

Dr Siobhán Jordan, Director of Interface, said: “The Scottish Inward Investment Catalyst Fund is a fantastic opportunity for companies that currently have no business in Scotland to access leading academic expertise as they forge closer ties, thereby creating jobs and mobilizing investment.

“Universities and colleges play an important role in attracting business to Scotland, they are globally recognized sources of research and innovation and can ensure that a strong talent pool is available for companies investing in Scotland.

“This fund supports a key action of Scotland’s Inbound Investment Plan, positioning inbound investment to play a key role in creating a just, sustainable, inclusive and low-carbon future in Scotland.

Interface connects businesses from all sectors with Scottish universities, research institutes and colleges.

Funded by the Scottish Funding Council, Scottish Enterprise, Highlands and Islands Enterprise and South of Scotland Enterprise, it is a free and impartial service that aims to stimulate demand for innovation and help businesses collaborate with academics .

The deadline for submitting applications is January 10.

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