Online education provider Interactive Design Institute has received £2 million of investment from the Scottish Loan Fund.

The Musselburgh company provides art and design courses for students at degree and masters level in more than 70 countries.

The business, founded in 2004 and employing 30 staff as well as a network of tutors in the UK, also works with corporate partners to provide learning services with publisher Penguin Random House among its customers.

The money will be used to boost its systems as well as increasing its digital marketing spending overseas.

Fiona Crosbie, from IDI, said: "With access to the SLF funding we are able to implement a number of key initiatives that will enhance our leading learning management system and commit to further investment that underpins our longer term goals."

The Scottish Loan Fund is managed by Maven Capital Partners.

David Milroy, investment director at Maven, said: "IDI has created a valuable platform that we believe will be attractive to a number of Universities and corporate partners with an interest in training.

"On-line education is an exciting market and IDI is ideally positioned to leverage the UK's universities as they successfully market their services abroad."