Clydesdale Bank, Lloyds, RBS, Santander and other investors have invested almost £40m in the Scottish Loan Fund (SLF).
These commitments, which have matched public funding of £55m, have brought the total sum raised to over £90m.The aspiration is to close the fund at £150m.
In details, Lloyds, RBS and Santander have each invested £9.4m, with the potential to rise to £15m as the Fund grows, while Clydesdale Bank and other investors have each invested £5m.
Managed by Maven Capital Partners, the fund provides financing of between £250,000 and £5m to growing and exporting enterprises. The SLF is a product introduced by the Scottish Investment Bank (SIB), which is a division of Scottish Enterprise.
It opened for business earlier this year.