Interest Free Digital Development Loan is provided by the Scottish Government

Interest Free Digital Development Loan is provided by the Scottish Government

“A Digital Development Loan is provided by the Scottish Government to enhance the digital capabilities of Scottish small and medium sized enterprises. The Digital Development Loan was created by the Scottish Government to provide loans to companies who wish to improve their digital capabilities and processes in areas such as cyber security, data analytics and software engineering. The loan also covers staff digital skills development as part of the Scottish Government’s drive to improve economic productivity.”

Am I Eligible?

  • Located in Scotland
  • Trading 6 months
  • The purpose of the loan must be to improve digital capacity and or capability of the business
  • Over the age of 18
  • Applicants must be a UK resident with the right to work in the UK
  • Business sector must be eligible
  • Businesses must meet the European* definition of an SME in relation to employees, balance sheet and turnover.*European Definition The category of micro, small and medium-sized enterprises (SMEs) is made up of enterprises which employ fewer than 250 persons and which have an annual turnover not exceeding 50 million euro, and/or an annual balance sheet total not exceeding 43 million euro

Application

You may have identified an area which is lacking within your digital strategy.

Maybe now is the time to think about how you implement this and if you need funding.

Applications can be made online here

Lending Policy