Business Loans Scotland (BLS) was a consortium of Scotland's 32 Local Authorities, established to provide loan finance to new and growing SMEs across Scotland.
The Scottish Growth Scheme
From its launch in 2019, BLS acted as the Fund Manager for the Scottish Growth Scheme, a £17 million loan fund financed by the Scottish Government.
Closure of Lending
On July 19, 2024, the Scottish Government confirmed it would not provide further funding for the scheme, ending BLS's ability to issue new loans.
Current Operations
Our team's sole focus is now on the management and collection of the existing loan portfolio. We are committed to working with our current borrowers to manage their repayment arrangements effectively.
At BLS, we're here to support you in managing your borrowing with confidence. You may wish to get in touch to check your outstanding balance, clarify repayment schedules, update your details, report financial difficulties or to discuss early settlement options. Whatever your situation, our team is ready to help.
Contact UsRead the latest BLS Business Investment news, hints & tips and case studies.
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26/07/24
All Members, Directors and employees of BLS are extremely disappointed with the decision by the Scottish Government to cease funding of the Scottish Growth Scheme.
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05/04/24
When looking for a suitable business loan the process can be daunting, but it doesn't have to be, view our top five tips on seeking business funding.
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28/03/24
Using business funding strategically can fuel growth and contribute to the long-term success of your business. Here we discuss several ways to deploy funding to promote business growth.
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