ScottishNews.com

Finance

New R&D tax relief figures show surge in UK company innovation investment

Published 1 year ago

New statistics released by HMRC today show UK companies significantly increased their levels of innovation investment in the 2021-22 tax year.

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Scottish growth lags with 0.1% GDP gain in July

Published 1 year ago

Scotland’s onshore GDP grew by 0.1% in July, following 0.0% growth in June 2023, according to statistics announced by the Chief Statistician.

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Stellar Omada lands £4.5m BGF investment for digital prowess in financial sector

Published 1 year ago

Edinburgh-headquartered technology services firm Stellar Omada has secured a £4.5 million investment from capital growth investors BGF.

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Sustainable finance industry leaders flock to Edinburgh for Ethical Finance Summit

Published 1 year ago

Over 500 finance sector professionals gathered in Edinburgh last week to help drive green and responsible finance forward, enabling the achievement of net zero goals in Scotland and around the world.

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Wild Braemar expands thanks to support and funding advice from Business Gateway

Published 1 year ago

An Aberdeenshire nature education and outdoor experience business has successfully expanded its service offering after the business owner received support and funding advice from Business Gateway.

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Sensor specialist Neuranics secures £1.9m investment led by Par Equity

Published 1 year ago

Sensor specialist startup Neuranics has secured a £1.9 million investment led by Par Equity.

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Scotland emerges as UK’s manufacturing powerhouse

Published 1 year ago

Scotland has emerged as the UK’s most productive manufacturing region, with manufacturing output per hour being 19% higher than the UK average, according to new analysis by PwC UK.

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16 jobs lost as Logie Glazing and Building Services enters administration

Published 1 year ago

Dundee-based Logie Glazing and Building Services Limited has entered administration and ceased trading, resulting in the redundancy of all 16 employees.

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Circularity Scotland accounts for £4.5m of SNIB’s £17.8m loss

Published 1 year ago

Pictured (L-R): Scottish National Investment Bank CEO Al Denholm and William Kyle, fund director at PfP Captial, visit a new housing development at Kane Neuk, in Newcraighall, Edinburgh where backing from the bank has delivered 104 homes (credit: Nick Mailer Photography)

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Scottish productivity startup Trickle wins £1m investment to fuel expansion

Published 1 year ago

Scottish workplace productivity startup Trickle has secured a £1 million investment led by Equity Gap, featuring contributions from Scottish Enterprise and London-based VC firm NoBa Capital.

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British Business Bank faces £135m loss

Published 1 year ago

The British Business Bank (BBB) reported a £135 million post-tax loss in its latest financial year, predominantly due to a dip in tech company valuations.

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Interpath Advisory joint administrators appointed as Recast Sports enters administration

Published 1 year ago

Alistair McAlinden and Chris Pole of Interpath Advisory have been appointed as joint administrators of Recast Sports Limited on 22 September 2023.

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Kelvin Capital invests record £7.8m during first half of 2023

Published 1 year ago

Scottish-based investment syndicate Kelvin Capital has concluded record investment totalling £7.8 million in the first half of 2023, marking a 22% increase from the same period in 2022.

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HMRC’s stricter R&D claim mandates put £100m at stake for Scottish firms

Published 1 year ago

Scottish businesses stand at risk of losing up to £100 million this year, a consequence of non-compliance with newly instated requirements for research and development (R&D) tax relief claims, an R&D tax relief expert has warned.

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Finsbury Food Group accepts DBay Advisors’ £143.4m acquisition deal

Published 1 year ago

Finsbury Food Group, which acquired Coatbridge-based Lees earlier this year, has accepted an acquisition offer from Frisbee Bidco, a subsidiary owned by Isle of Man asset management firm DBay Advisors, in a deal valued at £143.4 million.

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