1994–95 Scottish Challenge Cup
| Tournament details | |
|---|---|
| Country | Scotland |
| Teams | 30 |
| Defending champions | Falkirk |
| Final positions | |
| Champions | Airdrieonians |
| Runners-up | Dundee |
| Tournament statistics | |
| Matches played | 29 |
| Goals scored | 100 (3.45 per match) |
The 1994–95 Scottish Challenge Cup was the fifth season of the competition, which was also known as the B&Q Cup for sponsorship reasons. It was competed for by the 30 member clubs of the Scottish Football League. The previous champions were Falkirk, who defeated St Mirren 3–0 in the 1993 final.
The final was played on 6 November 1994, between Dundee and Airdrieonians at McDiarmid Park in Perth. Airdrieonians won 3–2 after extra time, to win the tournament for the first time.