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Sir Tom Hunter and BrewDog co-founder pledge £1m to kick-start funding competition for businesses

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dailyrecord.co.uk

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.

Sir Tom, who has given £300,000 in grants and £200,000 in loans, said: "This is a classic case of high-quality demand outstripping funding supply - we all need to step up, as entrepreneurs.

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