The SNP is trailing behind Scottish Labour in terms of spending power after Anas Sarwar’s party recorded a £100,000 donation from an energy magnate.
The SNP is struggling to raise cash ahead of the Holyrood election after it was revealed just three people made major donations to the party in a six month period.
It means the Nationalists are trailing behind Scottish Labour in terms of spending power after Anas Sarwar’s party recorded a £100,000 donation in November from a company owned by green energy industrialist Dale Vince.
Official figures published today by the Electoral Commission show the SNP declared £42,691 from members of the public in the last quarter of 2025.
Political parties are legally obliged to declare donations if they come from a single source and exceed £11,180 in a 12-month period. Individual MSPs or MPs, as well as local party branches, must declare all donations of £1,000 and above.
The SNP banked no major donations at all in the third quarter of 2025 – leading to John Swinney to deny at the time his party was skint. But the situation improved in the final three months of the year.
The largest donation to the Nationalists was a £37,691 bequest from the estate of the late Julian Rudd, a long-term donor to the party who died in 2024.
Margaret Gordon also donated £2,500 to the SNP branch in Argyll and Bute, while Ronald McNaught gifted the same amount to the Ettrick, Roxburgh & Berwickshire constituency party.
READ MORE: SNP Holyrood candidate Sally Donald quits amid benefits allegationsREAD MORE: Shetland and Orkney Russian threat fears as MP calls for defence spending boost
In contrast, Scottish Labour announced in January it had received a “substantial” six-figure donation to the party’s election campaign fund from Sandy and James Easdale.
The brothers, who own the Inverclyde-based McGills bus franchise, reportedly made the donation conditional on Anas Sarwar committing to making the party “more Scottish-facing”.
Labour has now declared a £150,000 donation from Dalglen – a property investment firm linked to the Easdales – made on Christmas Eve last year.
Scottish Labour also banked £8,000 during that quarter from Gordon Dalyell, an Edinburgh-based lawyer and son of the late MP Tam Dalyell.
The party also received £100,000 in November from Ecotricity Group Limited, the energy company controlled by long-term Labour donor Dale Vine.
The SNP previously acknowledged it was facing financial challenges from falling membership and the loss of MPs at the 2024 general election.
The party’s last set accounts, published in August last year, revealed a deficit of £455,254 for 2024. Membership fell to 56,011, down by more than 8,500 since 2023.
Treasurer Stuart McDonald said the party had made the “very difficult” decision to cut backroom staff, but that the move would result in “significant spending reductions”.
Jackie Killeen, director of regulation at the Electoral Commission, said: “Almost £65m in donations was accepted by political parties during 2025. The UK political finance system has high levels of transparency, and we know that voters are interested in where parties get their money from.”
The Record asked the SNP and Scottish Labour for comment.
To sign up to the Daily Record Politics newsletter, click here

