Known for investing in digital tech companies from Silicon Valley and Shenzhen, Baillie Gifford is partnering with Digital Xtra Fund to invest in digital tech skills here in Scotland.
Digital Xtra Fund is delighted to announce a partnership with global Investment Managers, Baillie Gifford. Digital Xtra Fund is a Scottish Charitable Incorporated Organisation (SCIO) which supports extracurricular digital technology activities across Scotland, giving young people opportunity to learn advanced digital skills regardless of their gender, background, or where they live. Backed by businesses, organisations, and individuals with a common will to help young people succeed in a digital world, the Fund provides grant awards for activities which inspire, engage, and enable young people to be digitally innovative and creative, and helps them understand the variety of future career opportunities these skills will make available.
Digital Xtra Fund became a charity in March 2017 to enable it to work with a wide range of industry partners. Last year, the Fund awarded grant awards for 11 exciting, high-quality initiatives across Scotland such as Stirling High School’s Digital Learning Hub in partnership with CodeBase Stirling. The initiative saw pupils from SHS deliver a variety of Raspberry Pi based workshops to six primary schools in the area creating a sustainable ecosystem of young developers in Stirling.
Helping young people and the community is part of the culture at Baillie Gifford. For more than 100 years, it has been a feature of the Edinburgh community and has a long history of supporting initiatives which make positive differences in the areas of the arts, education, and sports. Baillie Gifford’s support for Digital Xtra Fund will extend their already considerable CSR programme and give more young people the skills needed to succeed in an increasingly digital world. Baillie Gifford recognises it is important to foster these digital skills as more and more companies look to recruit young digital talent and increase their diversity to grow and achieve success. Baillie Gifford’s successful track record of finding and investing in emerging and growing tech companies speaks to their ability to also recognise and support strong digital talent.
Mark Urquhart, Partner at Baillie Gifford, said: “As investors, we have long observed the powerful impact which technology can have in terms of changing lives and improving access to opportunities. We are happy to be able to support the exciting work of Digital Xtra Fund in trying to encourage similar outcomes in Scotland through wider use of technologies.”
Kraig Brown, Partnerships & Development Manager, Digital Xtra Fund, said: “Our partnership with Baillie Gifford marks a new chapter for Digital Xtra Fund; as a financial company, they are our first “non-tech” partner, however, through their work with some of the world’s most successful tech companies as well as their investment in their own digital infrastructure, they recognise the necessity for young people to learn high-level digital skills to succeed in any sector. Their support illustrates the important role digital technology plays across all parts of the Scottish economy and how Digital Xtra Fund is perfectly placed to be the de facto young people’s digital skills charity for all sectors.”
About Baillie Gifford:
Baillie Gifford is an investment management firm wholly owned by 44 partners, all of whom work within the firm. It was founded in Edinburgh in 1908 and still has its headquarters in the city today. As of 31 March 2018, Baillie Gifford has £177.6 billion under management and advice in specialist equity, fixed income and multi-asset portfolios for a global client base.
Whether through their financial or community investments, Baillie Gifford believes the best ideas spring from thinking about future possibilities, not short-term probabilities. They are committed to partnering with dynamic organisations who strive to make Scotland a better place to live, work and visit. https://www.bailliegifford.com