You can download the Executive Summary here but we’d like to highlight some key points we’re proud of.
395 businesses supported to date
across Scotland from Orkney to the Borders.
£7.30 to £8.50 in net additional GVA
generated in returns for the Public Sector.
“EDGE was the very first money we really brought into the business. We wouldn’t be here without your support.”
A lender of over £6 million
with bad debts of only 6.2%
“We were very ambitious from the start of our journey and EDGE believed in our vision and backed us at an early stage which was crucial to help us take the next steps in our adventure, building out our team and figuring out how to scale the business. Since then we’ve grown from a few thousand members to 200,000 subscribers in the UK.”
96% very satisfied or satisfied
with the approachability of Scottish EDGE Staff
“As a past Scottish EDGE winner, I wish to offer my most sincere thanks to Scottish EDGE for their genius, hard work and unstinting support on my journey to become one of the leading skincare and healthcare manufacturers in the UK.”
Jim Steele - SkinLikes
The Judges
82% of survey recipients felt the feedback for successful and unsuccessful applications was useful/very useful
93% of survey recipients rated them as very good/good
Relationship Managers
“Excluding all the business and money stuff, we have never met such a bunch of thoughtful and considerate people as the EDGE team. The personal touch you all put in makes such a difference. If we manage to run Sentinel half as well as you run EDGE, it’s a guaranteed success.”
92 of our winners have pledged to give Back 1%
The EDGE Pledge
“The reason that I signed the EDGE Pledge is that I feel it is incredibly important to give back once you’ve built a profitable and successful company and used the Scottish EDGE funds to achieve this. Without EDGE we would not have seen the growth so far that we’ve seen in 2020 nor have the opportunity to expedite our growth plans.”
Investing in high risk start-ups and enterprises
Supporting innovative entrepreneurs that have the potential to bring novel and disruptive technologies to the market, and leveraging additional business R&D
Two out of five winners are now exporting and operating within international markets
EDGE has evolved and developed new competition categories, and the judging panels consist of individuals from diverse backgrounds (including 40% women) to ensure an open and inclusive service;
Supports the capabilities of enterprises and entrepreneurs through offering a holistic financial and business development support package
The competition element helps encourage and incentivise innovative and ambitious entrepreneurs
EDGE has created an alumni community that has helped to develop strong networks to the wider entrepreneurial landscape
The judging panels and approach to feedback has helped to create a sort of virtuous cycle that helps to generate future demand and a pipeline of future activity
Supporting business start-ups and scaling companies which directly leads to the creation of new jobs and economic output within the Scottish economy – EDGE often acts as a feeder for SE Account Management
Stimulating and leveraging investment in business – R&D (BERD), and capital;
Supporting and encouraging businesses to access new international markets (41% operate within international markets).
“Scottish EDGE is one of the best journeys I’ve been on. I feel I’ve grown as a person, now I can take on the challenge to speak about my business to anyone. ”
