| Year | Champion |
| 1994-95 | Forfar Athletic |
| 1995-96 | Livingston |
| 1996-97 | Inverness Caledonian Thistle |
| 1997-98 | Alloa Athletic |
| 1998-99 | Ross County |
| 1999-00 | Queens Park |
| 2000-01 | Hamilton Academical |
| 2001-02 | Brechin City |
| 2002-03 | Greenock Morton |
| 2003-04 | Stranraer |
| 2004-05 | Gretna |
| 2005-06 | Cowdenbeath |
| 2006-07 | Berwick Rangers |
| 2007-08 | East Fife |
| 2008-09 | Dumbarton |
| 2009-10 | Livingston |
| 2010-11 | Arbroath |
| 2011-12 | Alloa Athletic |
| 2012-13 | Rangers |
| 2013-14 | Peterhead |
| 2014-15 | Albion Rovers |
| 2015-16 | East Fife |
| 2016-17 | Arbroath |
| 2017-18 | Montrose |
| 2018-19 | Peterhead |
| 2019-20 | Cove Rangers |
| 2020-21 | Queens Park |