Funding for tech companies in Scotland
Tech companies that set up in Scotland can access a range of funding options, from business angel funding to job creation grants.
Traditional banks aren’t the only option for financing new ideas. Scotland has a diverse range of funding routes – and with a corporation tax rate of just 20% (reducing to 17% by 2020), the lowest of any G7 country, investing in Scotland can offer a great rate of return.
Business angel investment
Business angel investors in Scotland:
Scotland’s business angels are a growing source of funding in the technology sector. Syndicates such as Equity Gap, Archangels, LINC Scotland and Scottish Equity Partners provide crucial funding to help Scotland-based companies bring new technologies to market.
For example, Equity Gap recently funded My1Login, a Glasgow-based online password specialist with offices in California and London, which will allow the company to expand their identity and access management solutions into Europe.
Search for funds
The mygov.scot site lists dozens of funds that are keen to invest in the technology sector. Whether you are looking for early stage support to develop new software, funding to aid research and development, or finance to help develop a disruptive technology, there are investors out there who want to partner with you.
Search for funding on mygov.scot
Engage Invest Exploit: the conference for tech entrepreneurs
Informatics Ventures, an Edinburgh-based business group, bridges the gap between start-ups and investors with the Engage Invest Exploit (EIE) conference. It’s an annual event for tech entrepreneurs to meet with potential investors and share their business ideas.
The conference allows Scotland’s entrepreneurs develop the skills they need, build their networks and find a platform to showcase their business to potential investors, partners and customers. Since 2008, it has connected companies to over £350 million of capital.
Find out about the next EIE conference
Support from the Scottish Investment Bank
The Scottish Investment Bank (SIB), the investment arm of Scottish Enterprise, is always keen to encourage both entrepreneurs and inward investors.
SIB offers tailored support for companies, whether they are Scottish SMEs or international firms that are looking to establish a base in Scotland. They know there is no ‘one-size fits all’ solution and adapt their support accordingly.
Their in-house financial readiness experts can help companies who are looking to raise finance for every stage of their development.
Find out more about SIB
Investment incentives and support
Your investment project may qualify for Regional Selective Assistance (RSA), a national grant scheme for projects that create or safeguard jobs in Scotland. The grants available depend on a number of factors including location, the size of the project, the size of the company, the number of jobs created or safeguarded, and the quality and type of these jobs.
RSA has helped a number of international companies establish bases in Scotland. For example, RSA funding was key in Farmflo’s decision to establish their software research and development centre in Glasgow, where they will explore emerging opportunities around the Internet of Things.
Find out if you're eligible for RSA
Want to find out more about investing in Scotland?
We can help you find the right funding options for your project.
How we support inward investors