£5 million to unlock Scotland’s entrepreneurial talent

Support for start-up businesses

Extra investment to grow and nurture high-growth businesses and entrepreneurs has been announced.

The £5 million package will help deliver end-to-end support for Scotland’s start-up companies. It forms part of an ongoing to commitment to deliver on the recommendations of the Logan report into developing a world-class technology sector, and the Pathways report which is focussed on expanding the number of women starting and scaling-up businesses.

The package includes:

  • funding to expand the business funding competition Scottish EDGE, helping broaden and tailor the range of financial support available to fledgling businesses
  • the development of pre-start support, aimed at stimulating the earliest stages of business creation and product development for under-represented groups.
  • support to maximise the economic impact of university spin-out companies, and commercialise research
  • investing in initiatives that will attract the world’s top talent and showcase Scotland as a global destination for start-up founders and investors.

The additional support coincides with an announcement that Codebase, delivery partners of the Scottish Government’s £42 million Techscaler programme, are to partner with Scottish EDGE to develop the end-to-end support offered to businesses and entrepreneurs.

Deputy First Minister and Economy Secretary Kate Forbes announced the new funding as she visited the National Robotarium, the UK’s centre for Robotics and Artificial Intelligence and home to a number of spin-out tech companies.

She said: “Innovation is at the very heart of our economy. We have the talent, the skills and the facilities to make Scotland one of Europe’s fastest-growing start-up economies: an economy that is strong, successful and dynamic.

“This package of measures, which builds on the multi-million investment the Scottish Government is already making into our start-up business community, forms the next step in providing one of the most comprehensive government-backed support networks in Europe.

“The partnership between Codebase and Scottish EDGE also underlines our joined-up approach to fostering and nurturing Scotland’s young and vibrant business community. My message to Scotland’s innovators, entrepreneurs and disruptors is simple but clear: this Government believes in you and we will back you.”

Founder of the Hunter Foundation Sir Tom Hunter said: “Scottish EDGE is a proven, world class model of delivering finance to potential high growth early stage businesses and that has been independently verified.

“I am delighted the Deputy First Minister has recognised that and added significant additional resource to Scottish EDGE. When business and Government come together as they do in financing Scottish EDGE it can drive real economic growth by building the pipeline of entrepreneurial businesses, employment and the taxes that pay for public services.”

Entrepreneur and Investor Ana Stewart, author of the Pathways report on under-representation of women in entrepreneurship, said: “‘This  is a meaningful step forward in tackling the extreme gender imbalance which currently exists in entrepreneurship.

“I look forward to engaging and supporting the Government and other partners in enacting change whilst building on the existing momentum created since the publication of the Pathways report.

“Change will not happen overnight so I am also encouraged to see the adoption of a more strategic approach with a multi-year investment – a critical component if we are to tackle these persistent challenges.”

Record Edinburgh Kiltwalk provides boost to over 700 charities

Seven was Edinburgh’s lucky number today as a massive 7,000 Kiltwalkers took to the streets of the capital to fundraise for 710 different Scottish charities. September 17th goes into the history books as the city’s biggest ever Kiltwalk.

 The Hunter Foundation underwrites Kiltwalk, and Sir Tom Hunter was at the start line and on the route to praise the walkers: “The good people of Edinburgh and the East love Kiltwalk. We had 1,700 Kiltwalkers in our first Edinburgh Kiltwalk seven years ago, today we have over 7,000 heroes walking for 710 charities.  

“It’s incredible and every penny raised here at the Edinburgh Kiltwalk will make such a difference to charities who really, really need a hand up, not a handout in these tough times.  

“I’m proud of every single person who took part and crossed the finish line at Murrayfield, be they a Mighty Strider, a Big Stroller, or a Wee Wanderer. I am so grateful for their generosity.  

“I’d like to say to each one of them, thank you for your Kiltwalk Kindness.” 

Among the famous faces taking part in Scotland’s favourite mass participation event were David Marshall, Hibs and Scotland goalkeeper who stepped out on behalf of the Hibernian Community Foundation, which was also the biggest fundraising team at today’s Kiltwalk. New manager Nick Montgomery was also there as a late addition to the 330-strong squad.  

An impressive 3,000 Kiltwalk heroes undertook the Mighty Stride from Bingham Medway taking the 21-mile route through Portobello Promenade, Leith Shore and Gypsy Brae before triumphantly crossing the finish line at the Scottish Gas Murrayfield Stadium. 

The Big Stroll saw 2,000 Kiltwalkers walk 15 miles from Musselburgh to the home of rugby, while 2,000 Wee Wanderers walked five miles from Gypsy Brae to meet their fellow Kiltwalkers and receive their medal at the finish line. 

Kiltwalk slashed the entry fee from £32 to £20 this year to make it even easier for people to help the charity they care about. This is made possible by the generosity of The Hunter Foundation underwriting Kiltwalk.   

Walkers donned their tartan and laced their boots in support of a remarkable variety of charities, both large and small. 

Mass Participation Events Manager for CHAS, Fiona Leslie, said: “We are absolutely delighted to have been part of Edinburgh Kiltwalk and would like to say a massive thank you to every walker who took on the challenge for CHAS.  

“We are blown away by the 208 people who signed up to walk for CHAS and all the funds raised will make a huge difference to the children with life shortening conditions and their families that we support across Scotland.” 

Community and Events Fundraising Manager at SAMH, Chloe Watson, said: “We had over 100 SAMH supporters taking part today, and it was so touching to engage with them at our pit stop and hear their stories of why they chose to raise much needed funds for Scotland’s mental health.

“A huge thank you to our supporters – the need for our life-changing services continues to grow and your support is helping us transform lives.” 

Kiltwalk’s headline sponsors are Royal Bank of Scotland and Arnold Clark. 

Support from Royal Bank of Scotland has facilitated additional sustainability measures, funding fully compostable food cartons at Pit Stops to ensure zero waste goes to landfill. 

Judith Cruickshank, Chair, Royal Bank of Scotland’s One Bank Scotland Board, said: “The Edinburgh Kiltwalk is the flagship end to the Kiltwalk series of 2023, as a bank with its historic home here in Scotland’s Capital, Royal Bank of Scotland was once again delighted to partner this fantastic event. 

“This year is the most successful Edinburgh Kiltwalk in history and it has been fantastic to see such a turnout throughout the weekend, with many of our colleagues joining the thousands of walkers and volunteers who have helped make it a success. 

“The Kiltwalk makes such a positive difference to communities across our country, helping organisations and charities thrive. 

“Everyone who has got involved this year should be proud of the difference their efforts will make.” 

Arnold Clark offered walkers the opportunity to win £30,000 credit towards their choice of car, with each Kiltwalker automatically entered into the prize draw. 

Nicole Watson, Edinburgh Airport rental assistant manager, said: “Here, at Arnold Clark, we care about our local communities, so we’re delighted to continue to support the Kiltwalk.

“We’re extremely proud of everyone taking part, including our branch team, and can’t wait to cheer everyone on! We’re also very excited to find out which lucky individual will win our amazing prize of £30,000 towards their dream car.” 

Dates and locations for Kiltwalk 2024 will be announced soon on the Kiltwalk social channels and website www.thekiltwalk.co.uk

Kiltwalk Kindness: Capital walkers raise £1.42 million!

Edinburgh Kiltwalk fundraising closed at midnight last night [Wednesday 28 September] with a bumper £2,136,590 going out to help 500 different charities.

A total of 5,000 Kiltwalk heroes raised a whopping £1.42 million. This sum was topped up by an astonishing £710,000 from The Hunter Foundation, securing a grand total of £2.137 million for 500 charities across Scotland.

Sir Tom Hunter said: “The Kiltwalk Kindness of people in Edinburgh and the East was there for all to see on September 18th. Wearing a bit of tartan, they walked around the capital from Bingham Medway to BT Murrayfield and I am proud that our 5,000 Kiltwalkers raised this phenomenal amount to help so many Scottish Charities.

“It makes me very proud to know that all this fundraising will make a huge difference in these difficult economic times. It was great to be back together in Edinburgh after three years due to Covid.

“We thank every member of the Kiltwalk community, our headline sponsors Royal Bank of Scotland and Arnold Clark, Gold sponsor Johnston Carmichael and LIDL and all our sponsors, staff and Kiltie volunteers for their unwavering support.”

Kiltwalk raises a record £8.4m for charities across Scotland in 2021

First physical event in two years contributes £2.2m following 100% top up 

Scotland’s legendary Kiltwalk Kindness has raised a remarkable £8.4 million for more than 1,200 charities across the country this year after 15,500 heroes put on a bit of tartan and took part in events.

The record-breaking sum includes £2.2 million raised last week by the first physical Kiltwalk in two years.

Scotland’s Kiltwalk, held on Sunday September 26 in Glasgow, attracted 4,000 walkers of all ages. Together they raised £1.1 million for almost 500 charities desperate for assistance following lockdown. In a video message Sir Tom Hunter revealed their fundraising total is being topped up by an astonishing 100% after The Hunter Foundation added 50% and the Kiltwalk itself provided a further 50%.

April’s Virtual event saw 11,500 Kiltwalkers raise £4.1 million, with an additional £2.05 million donated from the Hunter Foundation; assuring a massive £6.15 million for Scottish charities big and small.

Sir Tom Hunter said: “Last week we all got together to walk for charities we care about and the smiles on everyone’s faces said it all: Kiltwalk is back!

“Scotland’s Kiltwalk raised just over £1.1 million for the charities but after speaking to walkers we were so struck by how much of a lifeline Kiltwalk has been that we are topping up this figure not by 50% but by 100%; with 50% coming from The Hunter Foundation and 50% coming from the Kiltwalk itself. So that’s an amazing £2.2 million for Scottish charities.

“I’m also proud to confirm that 2021 is our biggest year ever, raising a staggering £8.4 million for more than 1,200 Scottish charities. At a time when those in need really needed help, the Kiltwalk community went beyond the call of duty, so I want to thank them and all of our sponsors, Royal Bank of Scotland, Arnold Clark and Johnston Carmichael for their Kiltwalk Kindness. We look forward to seeing you all in 2022.”

News of the 100% top up was welcomed by charities, who have faced a variety of challenges as a result of the pandemic.

Caroline Speirs, co-founder, Calum’s Cabin, which offers retreats on the Isle of Bute for families struggling with childhood cancer, said: “Kiltwalk is the largest fundraising annual event for Calum’s Cabin.

“It brings together Calum’s Cabin supporters from all walks of life including those who have been through the journey of their child suffering from cancer, families who are still going through the journey and tragically families who are walking in memory of their children.

“Receiving a 100% top up will be a great boost for us and will help make a real difference to the life of a child suffering from cancer.”

Fiona Leslie, senior community and challenge events fundraiser, Children’s Hospices Across Scotland (CHAS), said “After a phenomenal 100% top up from Sir Tom Hunter and the Kiltwalk CHAS walkers raised an amazing £67,832 at Scotland’s Kiltwalk, which will help our mission to reach every single baby, child and young person who needs us, despite the current situation.

“We’re absolutely delighted to have been one of the biggest charities taking part and we’d like to say a massive thank you to every walker who took on the challenge – we know it wasn’t easy! It was fantastic to be back at a live event after the pandemic.”

The Kiltwalk’s 50% top up of £550,000 was donated from the charity event’s reserves, which were built up from registration and sponsorship fees, and the ongoing support of staff and volunteers.

For more information, visit www.thekiltwalk.co.uk