The news will come as a relief to the Government and Scottish Enterprise (SE) following a long period of teething troubles for the Scottish Loan Fund (SLF).
The Government had originally intended it to have £150 million and be managed by SE as part of a total £300m lending capability to be collectively known as the SIB. However, a combination of EU regulations and private-investor pressure meant that it launched in 2011 under the management of Maven Capital Partners with £94m of public-private money.
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Finance
