Regional Selective Assistance (RSA) is a discretionary grant which gives Scottish companies another potential source of funding for investment. In total since 2010 over £95 million of RSA were accepted by SMEs in Scotland.
Since 2010 RSA grants have helped to either maintain or generate more than 20,000 jobs across Scotland. That firms have multiple avenues of funding is a positive feature that performs an important role in generating and supporting Scottish jobs.
WEST Brewery in Glasgow ; Natural Power Consultants Limited ; Glencairn Crystal  Firefish Software .
 See Scottish Enterprise for more details.
The European Investment Bank (EIB) is Europe’s long-term lending institution and provides funding on top of the EU budget (to be clear, funding from the EIB is in the form of loans). EIB funding goes directly to the Scottish Government on a project by project basis, and allows greater flexibility in investment decisions. The SNP Government has had huge success in using EIB funding in order to turn Scotland away from the ruinously expensive PPP/PFI (Public Private Partnership/Private Finance Initiative) projects, delivering much-needed capital investments to get us through the recession, and delivering more value to the Scottish taxpayer.
- In February 2014 the EIB agreed to loan £175 million towards upgrading the M8 between Glasgow and Edinburgh.
- In 2015, £109 million was authorised for the construction of a new District and General Hospital in Dumfries and a further £83 million for the new Royal Hospital for Sick Children in Edinburgh.
 For further information on Non-Profit Distributing (NPD) vs Public Private Partnership/Private Finance Initiative (PPP/PFI) see: ‘Statistical information relating to NPD and PPP/PFI projects in Scotland’, The Scottish Government, 17 December 2014.
EU investment in Scottish jobs and skills.
The EU is about far more than just money, but Scotland does well out of EU funding! The EU also gives devolved administrations such as the Scottish Government access to substantial amounts of capital funding in their own right. For example, the EU will provide almost €1 billion (£790 million) in structural funds to Scotland over the next six years.
The majority of EU funding will support:
- Offshore wind capacity
- Transport infrastructure investment
- Wave and tidal energy production
- Marine bio-sciences
The co-ordination of such investment with our partners in Europe not only helps to increase efficiency across the continent but also gives more flexibility opportunities for Scotland’s government, universities and companies. In a period during which the UK government is so unrepresentative of what the people of Scotland voted for, this is a huge bonus.
More information on projects funded by the EU in Scotland can be found on the EU Regional Policy Website (click here).
Examples of this include funding the recently completed ISLES project. This was funded through European Territorial Cooperation (INTERREG) and will help to develop an offshore electricity network between Scotland, Northern Ireland and the Republic of Ireland. More information about this project can be found by clicking here.
 ‘EU to invest over 1 billion euro in Scotland for research, innovation and a resource-efficient economy’, European Commission Statement, 11 December 2014. This story was also covered in the Scottish national press: ‘Scotland to benefit from £775m Euro funding over next six years’, The Herald, 19 December 2014.