Scottish Government offers £2m of interest-free loans to help boost firms’ digital skills

Written by Jenni Davidson on 25 June 2018 in News
News

Businesses given chance to make upfront tech investments with help of new fund

The Scottish Government has launched a £2m fund for businesses to improve their digital capabilities.

The money can be used in areas such as cybersecurity, data analytics, and software engineering, as well as to develop staff digital skills.

It will enable businesses to cover the upfront costs of investing in digital technology and skills, and then repay the expenditure gradually.

Loans provided through the fund – which is called the Digital Development Loan – will be interest free, and the repayment can be spread over three to five years.


Related content


The tender to deliver and manage the digital development loan has been awarded to Lanarkshire Enterprise Services, a business support specialist for SMEs.

Economy secretary Keith Brown said: “We are committed to investing £36m to improve Scotland’s digital productivity and ensure we are ready to embrace the opportunities of a digitally driven economy in the future. The £2m Digital Development Loan is the first phase of that process and will provide access to finance for small and medium sized businesses who want to improve their digital capabilities and the skillset of their staff.

He added: “The Scottish Government will continue to work with business to ensure companies across Scotland have support they require to invest in their company, their staff and in their digital future.”

About the author

Jenni Davidson is a journalist at PublicTechnology sister publication Holyrood, where this story first appeared. She tweets as @HolyroodJenni.

Share this page

Tags

Categories

CONTRIBUTIONS FROM READERS

Please login to post a comment or register for a free account.

Related Articles

Can the GDS innovation strategy deliver a lasting legacy for government?
14 August 2019

Government's new Innovation Strategy set out ambitious proposals to update processes, eliminate ageing kit, and embrace emerging technologies. PublicTechnology caught up with...

Home Office responds to ‘misleading advertising’ ruling by repeating contentious claim
29 August 2019

Department ‘completely disagrees with ASA decision’ to uphold complaint about advert concerning online application for settled status 

Start-ups can show the way to public sector transformation
27 August 2019

Hanna Johnson of tech accelerator Public believes that transforming citizen services will require government to adopt new ways of buying and using technology

HMRC approved for £112m Microsoft spending
6 August 2019

Department was given central government green light for major outlay on licensing, newly published spending data reveals