This builds on the £391m already invested in Scotland since 2011. BGF’s regional-first approach is designed to address disparities in capital access and support entrepreneurial ecosystems across the UK.

As part of the broader national pledge, BGF has also committed £300m to female-powered businesses across the UK, making it one of the largest initiatives of its kind. This follows a £25m commitment to the Invest in Women Taskforce (IWT), which helped unlock over £250m in 2023.

Since 2011, BGF portfolio companies across the UK have driven £7.1bn in revenue growth, £1bn in export growth, and created more than 27,000 jobs. With 74% of its capital invested outside London and the South East, BGF is uniquely placed to reduce regional inequalities.

Paddy Graham, regional partner, Scotland and Northern Ireland, said: “Scotland has long been recognised for its innovation and entrepreneurial energy. Our new £200m commitment builds on a strong foundation and is focused on unlocking even more opportunities for Scottish scaleups to thrive.”

The new £3bn commitment from BGF significantly increases the £2.3bn invested between 2020 and 2024. The capital will be deployed across sectors to accelerate economic growth and support entrepreneurs in Scotland.