Scottish Company is to approve funding for up to 160 company initiatives that need to develop or safeguard extra than 9,000 jobs.
Collectively, the initiatives currently being backed just before the close of the fiscal 12 months have the prospective to unlock up to £500 million of financial investment by corporations into Scotland’s economic system.
The economic advancement agency mentioned it would lead up to £140m to the tasks more than the next two-to-three many years. The bulk of the awards will be made to domestic organizations, with the relaxation securing new inward financial commitment.
The organisation has now authorised substantial grant aid for some 90 tasks this monetary calendar year. Significant grant expenditure is envisioned to top rated £60m by the finish of March.
Tasks will be contracted involving December and March, with a entire checklist of