The Workplace Transformation Support programme will see grants of between £15,000 to £100,000 provided to businesses to drive and maximise capital investment into a business to optimise its productivity and help boost productivity in Scotland.

“Stimulating greater capital investment to drive productivity is a focal point for Scottish Enterprise, as the agency works with businesses to grow and help create higher-value jobs to improve living standards while reducing poverty,” said Scottish Enterprise.

“This direction is supported by economic trends and data around Scottish productivity with the goal to position Scotland in the top quartile of OECD countries for capital investment over the next decade.

“This ambitious target translates to an additional £3 billion investment annually, which is projected to generate £200 million in Scottish income tax.

“The Workplace Transformation Support initiative supports these aims of enhancing business growth through targeted support with a total of £500,000 available that will be match-funded by industry.”

Scottish Enterprise head of productivity and workplace innovation Clare Alexander said: “We want to drive a business growth mindset whilst stimulating companies’ capital investment and expansion plans.

“So, whether its research and development or investing in new equipment or facilities — we want to increase support for businesses in these endeavours.

“The Workplace Transformation Support initiative runs alongside our programmes to develop and nurture leadership talent to equip people with the skills needed to steer their organisations toward sustainable growth and helps empower leaders to navigate challenges, drive innovation, and foster a positive work culture.

“This new initiative aims to provide a step on the ladder to invest today, to grow tomorrow and create well paid, quality jobs. If you are expanding your business – please come and talk to us.”

For details, contact workplaceinnovation@scotent.co.uk