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During the year, £22.2m was drawn down and £10m repaid. A further £13.9m was waived by the Scottish Government following the write-off of the underlying investments, resulting in a net loan reduction of £1.7m.
Scottish Enterprise has a stated service commitment to pay our suppliers within 30 days of receipt of agreed and valid invoice, or as provided for under the terms of an agreed contract. However, following guidance from Scottish Government, Scottish Enterprise implements a payment policy of 10 working days for all suppliers.
In the year ended 31 March 2026, Scottish Enterprise paid 87% (2025: 86%) of suppliers' invoices within the revised standard. The average number of days taken to pay valid invoices during the year was 7.4 days (2025: 8.0 days).
Scottish Enterprise has policies and procedures in place to address fraud, corruption and bribery. All Scottish Enterprise colleagues are required to act honestly and with integrity, and to safeguard the public resources for which they are responsible. Scottish Enterprise will not accept any level of fraud or corruption. Our commitment to ethical standards is set out in the Scottish Enterprise Code of Conduct for our employees, the Counter Fraud Policy and the Speak Up (Whistleblowing) Policy. These policies are regularly updated to ensure they remain relevant, fit for purpose and aligned with the requirements of the Scottish Public Finance Manual. Training on our approach to addressing fraud, bribery and corruption is included in induction training for all colleagues joining Scottish Enterprise, as well as plans for ongoing refresher training from 2026-27.
Our Counter Fraud Policy and Speak Up (Whistleblowing) Policy set out the available reporting routes, the processes that support colleagues to report concerns or suspicions of fraud or other wrongdoing, and the action that will be taken to investigate. Colleagues can raise concerns via: