The bond scheme will open up the fundraising to other Scottish charity groups to raise unrestricted funds at a highly cost effective rate for a number of years by recruiting people to take part in this year’s Caledonian Challenge.
Founded in 1996 over 14,000 people have taken part in the Caledonian Challenge raising over £11million for a range of local community groups throughout Scotland.
The bonds will be issued to charities at a charge of approximately £1,000 per team (of four to six people) or £200 per participant. Participants will be required to pay a £100 minimum entry fee and commit to raising at least £500 for their chosen charity.
Billed as the ‘walk of your life’ the Caledonian Challenge tests the endurance levels of participants
via a 54mile trek across the scenic West Highland Way over 24 hours in teams of 4-6 adults, to raise money for charities.