Free programme designed to unlock Scotland’s scale up economy

ENTREPRENEURS looking to scale their business are being invited to apply for a programme that is designed to support unlocking the scale up economy.Free to successful applicants, the Scale Up Scotland programme founded by The Hunter Foundation and Entrepreneurial Scotland is recruiting its third cohort, having supported 36 businesses to date.In the last year total revenue for businesses in the second cohort grew by over 100% to £54 million and job creation was up 80%, despite the impacts of Covid-19.Photo by Scale Up Scotland. The programme offers a blend of experiential, business and peer-to-peer learning, taking entrepreneurs through the critical components of business scale-up.Grant Fraser, CEO at Digitonic Ltd, who attended the first Scale Up Scotland programme, commented: “I knew instantly that this initiative could significantly help accelerate growth within my company by the quality of speakers and training that was planned.“What impressed me most is the collaboration and bond that Scale Up Scotland helped to facilitate amongst the highly respected business leaders of the great companies that were involved.“It was fantastic to be around like-minded people that were going through the same growth pains and to work as a team to come up with solutions based on sharing experiences.The course also significantly improved my business network.Photo by ian dooley on Unsplash. It is an 18-month programme, it supports businesses with the potential and desire to grow sales beyond £20 – £30 million.He continued: “Since joining Scale Up Scotland, Digitonic’s revenue has increased by 332%, our net profit has seen double digit increases and our head count has more than trebled.“Whilst our HQ is in Scotland, our revenue is 100% international and we have ambition to extend our reach in to even more global markets.“This initiative has definitely encouraged me to be more ambitious, be a better leader and a more successful entrepreneur.“I could not recommend it more highly to business owners looking to really scale their businesses.”Photo by Steve Johnson on Unsplash. Scale Up Scotland further supports the findings of a report published by Oxford Economics which indicated change was needed to boost Scotland’s economic growth.Sir Tom Hunter, founder of The Hunter Foundation, said: “The need for scale-ups as we emerge from this crisis has never been greater; st …
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