The Scottish New Music Awards – which aimed to celebrate the best of music in Scotland – has ceased operation, citing a lack of funding.

Organiser Bruce Hotchkies posted a statement on the SNMA website on Monday announcing his “baby” would not run for a third year, despite nominations being accepted into June for the 2013 poll.

Winners at the two ceremonies which took place at the Classic Grand ranged from a reinvented Sandi Thom in the jazz/blues category, to Adam Stafford for his video for The Twilight Sad’s fro ‘7 Years of Letters’. A massive list of categories also saw engineer Brendan O’Hare, indie trio Suspire, metal tribute band Maiden Scotland, trad crossover act Bags of Rock and student radio station Fresh Air pick up trophies.

On the shortfall of the £10,000 the event would have cost to organise, Hotchkies said: “Over 1500 companies have been contacted as well as an online funding solution and we have managed to raise £20, which, although a laughable amount, will be being returned to those who donated.” His honest appraisal refers to the failure of an attempt at crowdfunding, which was derided throughout social media channels.

“Many will be glad to see us go, but many more will be saddened by this news,” he added.

More at www.scotmusicawards.co.uk.