Lucky Scottish Edge finalists awarded over £1 million investment for their start-ups

Our Executive Director Stuart Yuill, and Investment Readiness Officer, Nicola Cosgrove had a successful day at the recent Scottish Edge finals in Edinburgh, hearing some amazing business plans from innovative entrepreneurs across the country, ranging from fitness to raw pet food and everything else in between!

Similar in its aims as The Scottish Microfinance Fund (SMF), Scottish Edge supports up and coming talented entrepreneurs achieve their business goals. From 242 applicants to round 11, there were 13 lucky winners that received funding out of a total of 24 finalists on the day.

Investment and funding is an essential part of getting any business of the ground, and Scotland is certainly passionate about supporting enterprise and job creation across the country. These thoughts were echoed by Deputy First Minister, John Swinney, who was in conversation with Scottish entrepreneur and philanthropist, Sir Tom Hunter at the event.

Mr Swinney discussed the importance of new talent and employment, and how crucial this is for the Scottish economy as well as a need for business to be closer to our education system so young people leave school with the capacity to cope with constant change. Sir Tom concluded by remarking that entrepreneurs are the lifeblood of Scotland, which is certainly true as SMEs contribute millions to the economy each year.

If you were one of the applicants to Scottish Edge but weren’t successful, don’t panic. The Scottish Microfinance Fund could be able to help. We provide loans of up to £25,000 to SMEs in Scotland, which could make that life changing difference to your business. Visit Scottish Microfinance Fund loans on our website find out more

The Scottish Microfinance Fund is delivered by DSL Business Finance on behalf of the Scottish Government and is supported by European Regional Development Fund and The Start Up Loans company.

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