The Scottish Crowdfunding Report 2016
The Scottish Crowdfunding Report 2016 (published today – Friday 3 June 2016) has found Scottish businesses received £27,064,371 from crowdfunding campaigns run over a 12 month period – equating to 1,263 successful initiatives with the largest campaign raising £1.2 m for the accounting software company, FreeAgent.
The report - commissioned by Glasgow Chamber, in partnership with Harper Macleod, LendingCrowd and Santander - was produced by twintangibles, a leading crowdfunding consultancy as a follow up to the ‘Crowdfunding – A Scottish Perspective’ Report, published in 2013. Its key objectives being to examine the development of Crowdfunding in Scotland – the overarching scope and nature of crowdfunding, as well as key characteristics and the awareness of the method in Scotland.
At the report launch event at Santander’s Glasgow offices, business delegates from across the city heard from twintangibles' Director Tim Wright as he laid out the key findings of the report in detail. It was found that activity in Scotland now accounts for 4% of the overall UK total which is a significant increase from the 2013 report which found less than £1,000,000 was raised during that sample period, and then only represented 1% of the UK gross.
Delegates at the launch event also heard the experiences Jim Law, Founder and CEO of Find a Player, Gordon Sayers, Managing Director of SortmyPC and Alan Mahon, Founder of Brewgooder, all of whom have ran successfully crowdfunding campaigns in Scotland.
Globally, crowdfunding is said to have raised $34 billion in 2015 and this report provides an insight into how Scotland’s attitude to crowdfunding has progressed and how the market has developed and grown.
To read the report in full, click here.