Generalist who have invested in the food and drink sector

Organisation Type of Finance Contact Name Email Website Stage of investment Sector interests
Arch ang el Informal All sectors exce pt p rop erty, retai l
Inve stme nts Business Angel Maryjane Brouwers maryjane@archangelsonline.com www.archangelsonline.com Start Up/Early Stage and l eisu re Co-investment Fund
Aurora Business Angel Mike Fleming gatekeeper@auroraequity.co.uk www.auroraequity.co.uk All Stages all sectors Co-investment Fund
Par Equity Business Angel Paul Atkinson info@parequity.com www.parequity.com pre-start / start up all sectors except biotechnology Co-investment Fund
So uter In vestments
L LP Business Angel Andy Macfie office@souterinvestments.com www.souterinvestments.com All Stages all sectors Co-investment Fund
Albyn Ventures Business Angel enquiries@albynventures.com    http://www.albynventures.com/ all sectors
Symp hon y C orpo rate
L td Business Angel Allan McLaughlin allanm@symphonycorp.co.uk www.symphonycorp.co.uk established businesses all sectors Co-investment Fund
Fo cused , bu t n ot e xclusi ve to :
Con sumer med ical /h eal th and
bea uty d evice s; e nerg y a nd
Kelvin Capital Business Angel John McNicol john.mcnicol@kelvincapital.com http://www.kelvincapital.com/ rene wab les
Barwell Venture Capital Alec Mackie alecmackie@barwell-group.com Early Stage Technology Co-investment Fund
H igh lan d Venture
C api ta l Venture Capital Ian Scott iain@highvc.co.uk http://www.highvc.co.uk/ Start Up/Early Stage Co-investment Fund
te chno log y fo cused , al th oug h
Bra vehe art Ve ntures tra ditio nal b usin esse s w ill a lso be
L imited Venture Capital Cara Brown cbrown@braveheart-ventures www.braveheart-ventures.co.uk All Stages consi dere d. Co-investment Fund
Hamilton Portfolio Venture Capital Paul Johnston paul.johnston@hamiltonportfolio.co.uk http://www.hamiltonportfolio.co.uk established businesses all sectors except biotechnology Co-investment Fund
Kapital Assets Ltd Venture Capital Rhona Gibbons rhona@kapitalassets.co.uk www.kapitalventures.co.uk All Stages all sectors except biotechnology Co-investment Fund
L ond on Ca pital
Fin ance L imited Venture Capital Andrew Boyle awdb@ldncap.com www.ldncap.com development capital all sectors Co-investment Fund
R obi n Fi nla yson o r
Longbow Capital LLP Venture Capital Ju lia n Hickma n rfinlayson@longbox.co.uk www.longbow.co.uk early stage all sectors Co-investment Fund
all se cto rs w ith prefere nce for ne w
Wideblue Venture Capital Jim Hall jim.hall@wide-blue.com www.wide-blue.com early stage te chno log y fo cus Co-investment Fund
MMC Ventures Venture Capital Ben Richardson ben.richardson@mmcventures.com www.mmcventures.com Early Stage and Growth All Sectors Venture Fund
Murray Capital Venture Capital Sarah Copeland sarah@murraycapital.co.uk http://www.murraycapital.co.uk/ Growth and Expansion All Sectors Co-investment Fund
All Sectors wi th p referen ce for th e
Tricap Venture Capital Andy Purves info@tricapital.co.uk www.tricapital.co.uk All Stages Scotti sh Borde rs Co-investment Fund
D iscove ry Inve stme nt
Fun d Venture Capital Julie Findlay julie.findlay@discoveryinvestmentfund.co.uk http://www.discoveryinvestmentfund.co.uk/
All Stages All sectors Co-investment Fund
Albion Ventures LLP Venture Capital Andrew Elder aelder@albion-ventures.co.uk http://www.albion-ventures.co.uk/ Almost all sectors Venture Fund
Evolve Capital PLC Venture Capital Charles Vaughan Charles@evolvecapital.co.uk http://www.evolvecapital.co.uk/ all stages all sectors Venture Fund
Seed , ea rly sta ge an d
Octopus Ventures Venture Capital Alliott Cole acole@octopusventures.com www.octopusventures.com/ grow th All sectors
Bridges Ventures Venture Capital info@bridgesventures.com http://www.bridgesventures.com/

The websi te provides cont act det ails for a range of

angel syndicat es, private off ices and other i nvestm ent
organisations which are acti ve mem bers of the LINC
LINC Scotland Business Angel network net work. www.lincscot.co.uk
CORPORATE VC - FOOD
INDUSTRY SPECIFIC

Stage of
Organisation Type of finance Contact Name Email Website investment Sector interests Portfolio companies
Early and Growth Ingredients, food technologies and renewable
Tate & Lyle Ventures Corporate VC Simon Barnes simon.barnes@tateandlyleventures.com www.tateandlyleventures.com Stages resources Lumora, Biofilm
Start up, Growth
and Expansion, and
Unilever Corporate VC Jan Harley Jan.harley@unileverventures.com www.unileverventures.com Buyouts Health and wellbeing, liberating time at home Rocket and Persil service
Food and nutrition in general, health-enhancing
food, agricultural biotechnology and commercial
Nestlé Corporate VC Erich Sieber erich.sieber@inventages.com www.inventages.com All Stages applications

CatchMabs B.V., Direvo Biotech

AG, DTU Invest, Jurag
Separation A/S, Linguagen,
Early stage and Poalis A/S , Profos, TMI Europe
Danisco Corporate VC Jakob Rybak Andersen jakob.rybak.andersen@danisco.com www.daniscoventure.com Growth Food and feed industry and Biotech SA, WellGen Inc
Dr Lysander
Advanced BioNutrition Corp,
Chrisstoffels
AgION Technologies, Inc., Cavis
BASF Ventures Corporate VC http://www.basf-vc.de/index.php?id=1&L=1 Chemistry based enabling technologies Microcaps GmbH, DataLase Ltd.
SOURCES OF DEBT
FINANCE

Lender Loan Scheme Loan description Eligibility Website

Participating banks Enterprise Finance The Enterprise Finance Guarantee (EFG) is a loan EFG supports lending to viable businesses with an annual http://www.bis.gov.uk/policies/enter
Guarantee guarantee scheme aimed at facilitating additional turnover of up to £25m seeking loans of £1,000 through to prise-and-business-support/access-
bank lending to viable SMEs with no or insufficient £1million and is available to businesses in most business sectors. to-finance/enterprise-finance-
security to secure a normal commercial loan. It was guarantee
launched in January 2009 to help viable SMEs obtain
the working capital and investment that they need
during a time of unprecedented tightened credit
conditions. EFG is a targeted measure and is not
designed for the majority of viable businesses to
whom banks should lend; nor is it intended for
businesses who are not viable and that banks are
Prince's Scottish Youth PSYBT Business Start This provides
rejecting training,
on that basis. advice and financial assistance Applicants must be between 18-25, resident in Scotland with a www.psybt.org.uk/regional.asp
Business Trust (PSYBT) Scheme towards starting a business. Low interest loans of up business proposition that has either not started through lack of
to £5000 are available and in some cases grants of finanace or which is now stalling due to lack of expertise and/or
up to £1000. investment.

West of Scotland Loan West of Scotland Loan The West of Scotland Loan Fund provides gap Applicants must be SME's and be located in one of the 12 eligible www.wslf.co.uk/authorities.asp
Fund Fund finance to SME's located in the West of Scotland. The local authorities covered by the West of Scotland. Applicants are
aim is to help companies with good business restricted to a number of key sectors and activities but priorities
propositions but for whom conventional finance vary between local authority areas.
raising may be difficult. Loans of up to £50,000 are
available for businesses with more than two years
established trading.

Highland Opportunity The Opportunity Fund Offers small loans between £1000 and £50000 to Loans are open to new and growing registered businesses in the www.highland-opportunity.com
Limited new and growing businesses in the Highland Council Highland Council region and applications are made on forms
Region at lower than commercial rates. available from the website or from HOL.

Highland Opportunity Business Start Up Grant The purpose of the grant is to help with the purchase
Limited of capital equipment, the cost of marketing, purchase
of software or licences, or other one-off costs
associated with start up. It is not to provide working
capital, wage subsidy or debt repayment.
The business must be a genuine start up, not an acquisition or http://www.highland-opportunity.com/business-start-up-gra
management buy out or in. (The business must not have been
trading before 4th January 2010). The business can have any
legal structure and operate in any sector or geography within the
Highland Council area.

SEBSED Ltd South of Scotland Loan Loans of between £5,000-50,000 are provided to fund
Scheme up to 50% of projects costs. The Scheme is
designed to assist small and medium-sized
enterprises with business growth projects where there
are clear economic benefits for the area.
Available to SMEs based in, or relocating to the Scottish Borders http://www.businesslink.gov.uk/bdotg/action/gsdDetail?site
or Dumfries and Galloway. Loans cannot be used for the
purchase of property. The following sectors are ineligible for
funding: agriculture, retail and financial services.
East of Scotland East of Scotland Loans of up to £50,000, repayable over a maximum Loans are available to new or existing businesses located in any http://www.eastscotinvest.co.uk/
Investment Fund Investment Fund of 5 years. Loans may be used for working capital, of the following nine local authorities: Angus, Dundee, City of
purchase of plant or equipment or business property Edinburgh, Falkirk, Fife, Midlothian, Moray, Perth and Kinross or
West Lothian.
FOOD SECTOR RELATED GRANT FUNDING

Awarding
Organisation Grant Scheme Grant description Eligibility Tel No Website Notes

Scottish Government Food Processing, Marketing
and Co-operation (FPMC)
The Food Processing, Marketing and Co-
operation (FPMC) is designed to promote
sustainable and profitable food
production throughout Scotland by
ensuring that Scottish food
manufacturers and retailers are equipped
to respond to change.
FPMC is open to anyone involved in the http://www.scotland.gov.uk/Topics/Business-Industry/Food-Industry/granttimetable
production chain, e.g. primary producers,
processors, retailers, and food service
operators, with the co operation element
supporting involvement with scientific
research or academic institutions.

Sea Fish Industry Industry Project Fund This year, Seafish is particularly Open to applications from all companies 0131 558 3331 www.seafish.org Applications for each
Authority (SeaFish) interested in applications for grants that involved in the seafood industry. scheme are normally by
cover seafood marketing and consumer Applications involving supply chain open tender publicised
communication, or that promote the collaboration encouraged. Applicants on the SeaFish website
nutritional benefits of seafood. However, advised to seek advice from SeaFish
work aligning with any one of seven before submission.
Seafish themes is eligible. In 2011 up to
£1 million is available. The application
period opened on 11th August 2010 and
closes on 30 September 2010.

BBSRC Industrial CASE Studentships
Industrial CASE Partnerships
Funding of 3yr studentship or post grad
research. BBSRC pays for tuition fees
and maintenance grant. Participating
company contributes min £2500 pa.
Application by University or BBSRC 01793 413200 www.bbsrc.ac.uk
approved research provider. Novel
research with direct industrial relevance
to sustainable agriculture, food quality,
foodborne pathogens, diet and health.
Partner company must be registered and
trading in the UK. Students with 1st / 2.1
degrees

FSA / FSAS Commissioned Research FSA/FSAS do not publish details of Private and public sector organisations in 020 7276 8181 www.food.gov.uk
overall research budgets or funding the UK are eligible to tender for www.food.gov.uk/scotland/
awarded to individual projects. FAS/FSAS calls.

HGCA Commissioned Research From time to time HGCA issues calls for Commercial and academic organisations 020 7520 3920 www.hgca.com
expressions of interest for specific
actions. Selected bidders will be
expected to find private or public sector
matched funding.

HGCA Studentships HGCA will support PhD studentships 020 7520 3920 http://www.hgca.com/content.output/648/648/Funding%20and%20Awards/Funding%2
where the work relates directly to its R&D
strategy.

Glossary
BBSRC Biotechnical and Biological Sciences Research Council
FSA Food Standards Agency
FSAS Food Standards Agency Scotland
HGCA Home Grown Cereals Authority
pics/Business-Industry/Food-Industry/granttimetable

output/648/648/Funding%20and%20Awards/Funding%20and%20Awards/PhD%20Studentships.mspx
GENERAL GRANT FUNDING

Awarding Grant Scheme Grant description Eligibility

Organisation

Scottish Enterprise SMART: Scotland SMART aims to support the highest levels of R&D - SMART is open to all Scottish based SMEs.
projects with substantial levels of technical risk and Applications will be treated on non-
UK level of innovation. competitive basis with companies able to
1 - Grants for feasibility studies up to £70k covering apply at any time.
75% of eligible costs.
2 - Grants for R&D projects, leading to pre-
production prototypes, up to £600k covering 35% of
eligible costs.

Scottish Enterprise General (R&D) Grants Support for R&D projects is available on a
discretionary basis at: A maximum of 35% of the
eligible project costs for grants to SMEs up to
£40,000; A Maximum of 25% of the eligible project
costs for grants to SMEs above £40,000 and for all
grants to large companies;
Companies of all sizes may be eligible
provided that they are based in Scotland or
planning to set up in Scotland. SMEs must
meet the European Community definition of a
small and medium-sized enterprise.

Scottish Government Investment Grants - RSA RSA is aimed at encouraging investment and job RSA is available to limited companies, sole traders
creation in the areas designated under EC law or partnerships. Eligibility will be determined by
(Assisted Areas).  In addition, support may be location and nature of project to be supported.
available to SMEs in other than designated areas.
The amount of grant depends on a number of
factors, including location, size of project, size of
company, the number of jobs created or
safeguarded, the quality and type of these jobs.
The grant is discretionary and the level offered
within EC limits depends on how much is needed to
make sure the project goes ahead.
Awarding Grant Scheme Grant description Eligibility
Organisation
Scottish Gov / DTI KTP The scheme operates by placing a high calibre Total cost £50k pa. Company expected to
graduate (associate) within a company to undertake contribute between £16-27k pa depending on
a specific programme of work. Programme duration company size and involvement in previous
1-3yrs. Joint supervision by academic and company KTP projects. The balance is met by a grant
supervisors. from one or more gov't sponsors.

Scottish Enterprise Enterprise Fellowships Provision of 1 year's salary to allow Fellow to focus
on developing a commercial idea. In addition
training + access to mentors, experts and advisers
will be funded.
Open to post grad researchers based in
Scottish Universities or other research
institutes. Proposals must align to one of the
SE priority industry groups, including food
and drink.

Scottish Funding Council Innovation Vouchers The award is for up to £5000, with a minimum of
£1000, and will be paid to the academic institution
by the Scottish Funding Council to offset the costs
of the collaborative project.
All small-to-medium enterprises (SMEs) in
Scotland (ie. those with a registration
commencing SC) are eligible to partner with a
HEI under the scheme. SME are
organisations that are registered companies,
employ between 1- 250 employees and have
an annual turnover of less than £35 million.
Awarding Grant Scheme Grant description
Organisation
HM Revenue and R&D Tax Credit Research and Development (R&D) Relief is a
Customs Corporation Tax relief that may reduce your
company or organisation's tax bill by more than your
actual expenditure on allowable R&D costs.
Alternatively, if your company or organisation is
small or medium-sized, you may be able to choose
to receive a tax credit instead, by way of a cash sum
paid by HM Revenue & Customs (HMRC)
Eligibility
To qualify as R&D, any activity must meet the
definitions set out by the Department of Trade
and Industry (DTI). (This organisation is now
known as the Department for Business,
Innovation and Skills).These guidelines state
that the activity must contribute directly to
seeking the advance in science or technology
or must be a qualifying indirect activity.
Tel No Website Notes

0845 607 8787 http://www.scottishbusinessgrants.gov.uk/rsa/999.html

In 2009 Scottish
Enterprise assumed
management of SMART:
Scotland and RSA from
the Scottish Government

0845 607 8787 http://www.scottishbusinessgrants.gov.uk/rsa/1000.html

http://www.scottishbusinessgrants.gov.uk/rsa/208.html
In 2009 Scottish
Enterprise assumed
management of SMART:
Scotland and RSA from
the Scottish Government

0845 607 8787

Tel No Website Notes

www.ktponline.org.uk East of Scotland: 0131

455 6541
North of Scotland: 01224
262278
Tayside: 07887 528999
West of Scotland: 0141
5484765

See notes http://www.royalsoced.org.uk/ The scheme is

research_fellowships/enterpri administered by the Royal
se.htm Society of Edinburgh.
Normally applications are
invited twice per year (Apr
and Oct). However the
scheme is currently
suspended

0131 651 4791 http://www.interface-online.org.uk/view_item.aspx?item_id=3410&is_search_result=true

Tel No Website Notes

http://www.hmrc.gov.uk/ct/for
ms-rates/claims/randd.htm
USEFUL WEB SITES

Name Website

Scotland Food and Drink http://www.scottishfoodanddrink.com

LINC Scotland www.lincscot.co.uk

British Venture Capital Association www.bvca.co.uk

Scottish Enterprise - equity http://www.scottish-enterprise.com/grow-your-business/find-money-to-grow/equity-funding.aspx

Scottish Enterprise - Innovation http://www.scottish-enterprise.com/grow-your-business/find-money-to-grow/innovation-grants.aspx

Business Gateway www.bgateway.com

Young Company Finance Scotland http://www.ycfscotland.co.uk/

Connect Scotland http://www.connectscotland.co.uk/index.html

NESTA www.nesta.org.uk

Food Processing Faraday http://www.fpfaraday.com/index.aspx

Cultivating Collaboration - SAOS http://www.ctwo.org.uk/

CDS http://www.cdscotland.co.uk/

Baxi Partnership http://www.baxipartnership.co.uk/

Enhanced Capital Allowances http://www.carbontrust.co.uk/cut-carbon-reduce-costs/products-services/pages/eca.aspx

Gate2Growth http://www.gate2growth.com/

Gate2Finance http://food.gate2finance.com
Food and Drink Europe http://www.foodanddrinkeurope.com/
Information
Comprehensive guide to the food and drink industry in
Scotland
LINC Scotland's role is to stimulate and support the
development of the business angel sector; both investors
and syndicates and operates a business introduction
network for companies and investors.

The BVCA is the industry body for the UK private equity and
venture capital industry with membership of over 400
members, representing the majority of UK-based private
equity and venture capital firms and their advisers.

Scottish Enterprise Investments (SEi) manages three funds

that together offer risk capital investment for Scottish
companies: the Scottish Seed Fund, the Scottish Co-
investment Fund and the Scottish Venture Fund.  Each of
these funds adopts a highly innovative co-
investment/shared risk intervention model to encourage
more private investors and funding into Scottish early stage
companies.
Scottish Enterprise has a range of support and information
services to help grow your business. This link directs you to
innovation grant support.
Information, support and advice for new and existing
businesses located, or planning to locate in Scotland.
Young Company Finance tracks and reports on early stage
high growth companies in Scotland.
Connect Scotland's mission is to nurture the creation,
development and growth of technology enterprises
throughout Scotland and connect them with the sources of
finance required to stimulate that growth.
NESTA is the National Endowment for Science, Technology
and the Arts - an independent body with a mission to make
the UK more innovative.
Provision of business support information throught the food
and drink supply chain.

C2 is a project designed to help you understand the benefits

of collaboration and how it can improve your business. C2
can help anyone in the land-based Scottish food and drink
sector - including farmers, growers, co-operatives,
processors, distributors, wholesalers, foodservice operators,
retailers and public procurement organisations - and is
being delivered as a strategic activity of Scotland Food &
Drink.

Co-operative Development Scotland provides specialist

advice to new and growing co-operative and employee
owned businesses. Their remit is to complement the
mainstream business support available from Scottish
Enterprise, Highlands and Islands Enterprise and Business
Gateway. Support includes: information and advice;
introductions; grants; and events.
Looks to assist companies to enable business succession
through co-ownership funding and development support
services.
The ECA scheme for energy-saving technologies
encourages businesses to invest in energy-saving plant or
machinery specified on the Energy Technology List (ETL)
which is managed by the Carbon Trust on behalf of
Government. The ECA scheme provides businesses with
100% first year tax relief on their qualifying capital
expenditure.

Assessment tools, guidance material, a community of

entrepreneurial innovators, observations from the venture
capital and entrepreneur scene, forums and much more.

This platform is a sector oriented platform for all

stakeholders active in the food innovation sector.

News on food marketing and retailing