More than 20,000 businesses will benefit from a £60 million
investment, with EU money being used to grow Scotland’s small and medium-sized
enterprises (SMEs).
The European Regional Development Fund support will bolster
the business growth pipeline, allowing companies to access the help they need
to expand. With SMEs accounting for 95% of businesses in Scotland, this funding
will target growth through innovation and investment.
Cabinet Secretary for Economy, Jobs and Fair Work Keith
Brown will confirm the funding on a visit to manufacturing firm Andrew Wright
Glass in Irvine. He said:
“This is a fantastic opportunity to support our SMEs – the
engine of the Scottish economy. The investment will benefit more than 20,000
enterprises, with the aim of identifying and developing our next 1,000 growth
businesses. Business Gateway support alone is forecast to create 11,000 jobs.
Read more: Scottish
Business News Network
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