A very promising sign for the strength of the Scottish economy, this funding amongst all the other applications that our Scotland office are working on will enable three SME businesses to continue with their growth plans and include:

• Capital raise for a roofing company to acquire a second yard in line with their business growth plans
• Commercial mortgage for a calls solutions business to purchase a larger space to grow and futureproof their business
• Commercial mortgage for a water treatment business to buy an additional unit – further bolstering their business

Dean Thomson, commercial manager at Watts Commercial Finance, said: “The Scottish finance market is very much open for business and I have seen a huge flurry of activity from businesses across the country. It’s also fantastic to be able to advise and support business owners on their finance requirements while hearing their positive and ambitions plans for the future.

“In a way – you wouldn’t think that there is a global pandemic and it’s very much ‘business as usual’ for many in Scotland.”

Emma Ross added: “In spite of the pandemic, many businesses are taking a step back and reassessing their business. It’s also very encouraging that the Scottish finance market has remained buoyant with many lenders still taking new enquiries, valuations still taking place and deals still being underwritten.”