The Ferret is committed to doing things differently, and we believe that transparency should be at the heart of journalism.
We want to be as open as possible with our readers and members about how we do stories, where we get funding, and the decisions we make.
Funding
The Ferret is currently 37 per cent funded through memberships and donations, 52 per cent from grant funding, and 11 per cent from other sources such as content sales and events.
Some of our funding comes through grants organisations and charitable bodies, which helps us to hire staff, cover core costs and produce investigations.
A full list of our funders is available here.
Our membership
We are part-owned by our members, who help to shape our investigations and decide the future direction of The Ferret. Without this support, we would not exist.
As of October 2025 we had more than 2,500 members.
We want to ensure cost is not a barrier to accessing our content, so we offer a limited number of free sponsored memberships to people on low-incomes.
Sponsored memberships last for one year, and they are funded by our gold members.
Our members provide vital support for the co-operative and give grant funders the confidence to invest in our work.
Our free Ferret Underground newsletter goes to more than 5,000 people each week.
Our stories
In 2024, we published more than 250 stories, and our investigations were read more than 500,000 times.
To date, we’ve published more than 5000 datasets and source documents linked to our reporting.
Our stories make a difference. They were cited 12 times by politicians at Holyrood in 2024.
You can find out more about our impact here.
Our accounts
These are our latest accounts. Any financial surplus shown in our accounts is re-invested into our journalism.
Our annual report
This is the latest report we send to our members for each AGM.
Our politics
The Ferret is avowedly non-partisan. This means that we are politically neutral and will not endorse any political party, or political cause.
We have no position on Scottish independence or Brexit.
Additionally, none of our journalists are members of any political party and we do not accept donations from political parties, or any organisation that seeks to influence our editorial independence.
Corrections and complaints
Part of our commitment to transparency is being open and honest when we’ve made a mistake. If a published article has an error that comes to light, we will make sure we correct and update the story as soon as possible. We will add a note saying what has changed and when.
Formal complaints are dealt with by The Ferret’s reader directors and they must relate to an alleged breach of the standards code set out by our regulator, Impress.
Our full complaints policy is available here.