ScottishNews.com

Finance

Scottish Enterprise fuels record number of university spinouts with £2.06m in grants

Published 1 year ago

Scottish Enterprise (SE) has broken its own record in nurturing academic innovation, demonstrating significant fiscal progress through its High Growth Spinout Program (HGSP).

Read on www.scottishfinancialnews.com →

ICAS urges reinstatement of key audit reforms after King’s Speech omission

Published 1 year ago

Responding to the omission of the Audit and Corporate Governance Reform Bill from the King’s Speech today, ICAS has warned of a detrimental impact and calls for the government to rethink its position.

Read on www.scottishfinancialnews.com →

Souter Investments seals deal to acquire engineering firm Premier Hytemp

Published 1 year ago

In a strategic move within the energy sector, Souter Investments, led by Sir Brian Souter, has finalised an agreement to acquire Premier Hytemp, a firm in the engineering solutions space.

Read on www.scottishfinancialnews.com →

Scottish business representative organisations demand business rate freeze

Published 1 year ago

Thirty-five business representative groups and industry bodies have jointly written to the Scottish Government’s Deputy First Minister and Finance Secretary asking her to freeze the business rate in the coming financial year.

Read on www.scottishfinancialnews.com →

Scotland’s biobased manufacturing sector set for growth with £75m fund

Published 1 year ago

Scotland’s burgeoning biobased manufacturing industry is set to receive a significant boost with the introduction of the Launchpad programme, aimed at bolstering growth and innovation within the sector.

Read on www.scottishfinancialnews.com →

Howden Scotland snaps up Glasgow insurance firm

Published 1 year ago

Howden Scotland, previously known as Bruce Stevenson, has acquired Neilson Laurence & Neil, a Glasgow-based specialist in UK business insurance.

Read on www.scottishfinancialnews.com →

Embark opens Dundee Tech School

Published 1 year ago

Dundee-based financial services firm Embark Group has launched a brand new training facility in the city which promises to create a pipeline of high-value technology roles and inject fresh investment into the local economy.

Read on www.scottishfinancialnews.com →

SRC: Storms exert heavy toll on Scotland’s shopper footfall

Published 1 year ago

Scotland’s retail sector felt the brunt of severe October storms, with shopper footfall witnessing a significant drop, according to the latest data from SRC-Sensormatic IQ.

Read on www.scottishfinancialnews.com →

Scottish SMEs in financial tightrope as costs impede growth investments

Published 1 year ago

Scottish small and medium-sized enterprises (SMEs) are grappling with surging operational and supply chain expenses, impeding their capacity to invest in growth opportunities, according to research by business lender Simply Asset Finance.

Read on www.scottishfinancialnews.com →

Corporate insolvencies in Scotland rise over 20% year-on-year

Published 1 year ago

The number of companies filing for administration in Scotland has jumped by over 20% year-on-year, as a sluggish economy, the cost-of-living crisis, high interest rates and ongoing geopolitical uncertainty continue to impact businesses across the country.

Read on www.scottishfinancialnews.com →

Bank of England maintains base rate at 5.25%

Published 1 year ago

The Bank of England (BoE) has voted to maintain the base interest rate at 5.25% for the second consecutive time, signalling a continued tight monetary stance into the foreseeable future against a backdrop of persistent inflation and subdued economic growth.

Read on www.scottishfinancialnews.com →

Downing Property Finance receives £75m facility to bolster development finance 

Published 1 year ago

Responsible investor Downing LLP’s Property Finance Team has received a £75 million sustainability-linked facility from HSBC.

Read on www.scottishconstructionnow.com →

Scottish plumbing supplier on track to hit £7m turnover

Published 1 year ago

Heating, Plumbing & Parts (HPP), a Scottish supplier, has grown its status as one of Scotland’s principal distributors in the plumbing, heating, and bathroom sector, following support from Business Gateway.

Read on www.scottishfinancialnews.com →

Scottish GDP inches up 0.1% in August

Published 1 year ago

In the latest economic update, Scotland’s onshore GDP reported a slight increase of 0.1% in August.

Read on www.scottishfinancialnews.com →

Scottish Government pledges £2.9m to boost inclusive entrepreneurship

Published 1 year ago

The Scottish Government has unveiled new funding initiatives aimed at promoting entrepreneurship among under-represented communities.

Read on www.scottishfinancialnews.com →