A NEW trust that aims to raise funds of £5 million has been created to support Scottish arts, artists, heritage and culture.

The Saltire Society Trust, which has already raised £2m, is to be launched today at Glasgow's Mitchell Library, and will initially fund two new artist schemes.

The financial capability of the Trust will provide a separate significant source of funding for artists outside Creative Scotland, the official arts funding body.

The Saltire Fellowships scheme will "enable exceptional individuals to devote their energies fully to their art or craft" by appointing them a Saltire Fellow. Being a Saltire Fellow will not only provide an honorary title, but financial support.

The Saltire Enlighten programme will aim to encourage "innovation and risk-taking amongst the next generation of Scottish artists, engineers, writers, architects and academics", by offering bursaries.

In return, recipients will be asked to share their experiences through the Saltire Society's website, social media and public events.

Magnus Linklater, the veteran journalist and former Scottish Arts Council chairman, will be convener of the new trust.

The Saltire Society, a cultural organisation based in Edinburgh, hopes to raise £5m for the Trust by St Andrew's Day 2016.

The existing funds come from the amalgamation of Saltire Society funds, the Robert Hurd Memorial Fund and Arts Trust Scotland.

Jim Tough, executive director of the society, said: "Our members have already responded generously to this new initiative, helping us to secure four new patrons who have each committed to make an annual contribution to the Trust."

Mr Linklater said: ­"Reaching the £5m target will ensure the Trust can make a real difference. Our new Enlighten programme would help emergent talent test and explore their ideas.

"The establishment of the Trust is an opportunity to give those individuals the recognition and encouragement they deserve."