COMPANIES identified as having the potential to turnover upwards of £100 million are to be supported by an enhanced service launched by Scottish Enterprise, writes Kevin Scott.

The Start2Scale service will target fast-growing start-up and early-stage companies in addition to existing businesses with ambitious plans.

Revealed by business minister Paul Wheelhouse at Venturefest in Glasgow yesterday, the service will provide an intensive, tailored service focussing on the key drivers of growth: international sales, investment and talent acquisition and development.

Mr Wheelhouse said: “Evidence from Scotland, and benchmark economies such as Germany, shows these mid-sized businesses are the most dynamic group of companies which are most likely to boost innovation, increase productivity, exports, international competitiveness and to deliver sustainable, well paid new jobs.”

Managing director at Scottish Enterprise, Adrian Gillespie, added: “Regardless of whether a company is starting up or is already well established, if it has the ambition to quickly grow to scale, we want to help. Our Start2Scale service has been developed following feedback for a more distinct approach and support system for companies facing challenges impacted by rapid growth.