The Scottish Crowdfunding Report 2016 that was recently published found that crowdfunding has increased over the past 3 years with Scottish businesses raising more than £27M from crowdfunding last year. That compared to the £1M recorded by Glasgow Chamber of Commerce in 2013.
The report found that Scotland has expanded its crowdfunding activities in all aspects from value created, to number and diversity of projects, number of platforms and to general visibility and awareness.
“To sustain this momentum it is important to keep promoting awareness of crowdfunding’s potential as a viable source of finance to the business community,” said Glasgow Chamber of Commerce’s chief executive Stuart Patrick.
As the report concluded, there is a positive and encouraging indication that Scotland is active and engaged in the emerging crowdfunding sector, but there remains considerable scope for continued growth and development across Scotland more widely.