Scottish entrepreneurs pledge £1m to business funding competition
Sir Tom Hunter has given £300,000 in grants and £200,000 in loans (Lesley Martin/PA)
Sir Tom Hunter and the co-founder of BrewDog are among the Scottish entrepreneurs to have pledged £1 million to a funding competition for potential high-growth businesses.
The additional funding will be awarded in the next four rounds of Scottish EDGE, which supports innovative companies with up to £150,000 cash in a combination of grants and loans.
It comes after a report published by Oxford Economics, commissioned by The Hunter Foundation, suggested radical and ambitious policy changes are required for Scotland’s economic performance to be significantly boosted within the next 15 years.