Scottish businessman and philanthropist Sir Jim Milne dies aged 85

Aberdeen businessman and philanthropist, Sir Jim Milne, has died aged 85.

Sir Jim founded the Balmoral Group, a globally recognised manufacturing company, along with the North East cancer charity, Friends of Anchor.

He died surrounded by family including his wife of 25 years, Lady Gillian Milne, on Tuesday, according to a statement from the Balmoral Group, which paid tribute to its founder and chairman.

“It is hard to put into words his profound impact on not only Balmoral Group, but the North East of Scotland as a whole.

“Driven by a deep love of Aberdeen and immense pride in putting the city on the global map, Sir Jim built Balmoral into a renowned global leader across multiple markets and, as co-founder and chairman of Friends of ANCHOR, made a lasting, positive impact on the lives of thousands of people across the north of Scotland affected by cancer or a blood disorder.

“Today, his family investment office has built successful organisations across more than 15 markets, delivering solutions to over 55 countries, and was recently recognised as one of Scotland’s fastest growing businesses.

“His vision, loyalty to his people, enthusiasm and, most of all, sheer hard work are some of the many reasons we stand here today, and they will continue to guide Balmoral Group.

“Our thoughts and prayers are with Lady Milne, Sarah Jane, Caroline, Cameron, Ewan, their wider family, grandchildren and everyone who was blessed to know him.”

Sir Jim and Lady Milne at Balmoral 45th in 2025 Balmoral Group

The company says following Sir Jim’s death, they are focused on celebrating his life, investing in businesses, and reinvesting in communities and charitable ventures.

The statement ended with a quote from Sir Jim: “Time. The greatest gift you can give someone is your time. Because when you give your time, you give a portion of your life that you will never get back.”

Friends of Anchor, which Sir Jim founded in 1997 following a family tragedy also spoke fondly of him.

The statement read: “It is hard to put into words Sir Jim’s profound impact on not only Friends of Anchor and Balmoral Group, but the North East of Scotland as a whole.

“Sir Jim built Balmoral into a renowned global leader across multiple markets and, as co-founder and chairman of Friends of Anchor, made a lasting, positive impact on the lives of thousands of people across the north of Scotland affected by cancer or a blood disorder.

“Jim’s support for Friends of Anchor was deeply personal and enduring. We feel incredibly fortunate to have had his belief in our work and his determination to make a meaningful difference to the lives of others.

“His generosity has helped make possible so much of the support we see delivered alongside NHS care every day.”