Business

Archangels, the Edinburgh-based business angel investment group, led investments totalling a record £23.7 million in promising Scottish tech and life sciences companies during 2021. In a packed year of corporate activity for Archangels, the 11 investments, totalling £23.7m (2020: £

The Scottish Retail Consortium (SRC) has called for further aid for the retail industry as it published a written response to the Scottish Government’s Budget held earlier this month.

Valneva SE, a specialty vaccine company, has announced that it is in advanced discussions with Scottish Enterprise for a £20 million grant which will enable it to fully complete its strategic manufacturing site in Livingston. Following the termination of the supply agreement with the UK Govern

Almost half (45%) of British firms have reported difficulties adapting to changes in rules for buying or selling goods brought about by the UK-EU Trade and Cooperation Agreement (TCA).

Pre-tax profits at Ledingham Chalmers have risen to £4 million, up from last year’s £3.6m. Turnover in the latest period totalled £12.3m, down from £12.7m the year before.

Borders-based cable company Emtelle has acquired Dubai-based microduct solutions provider Afripipes for an undisclosed sum. The firm said the move will expand its global footprint and enhance its capability to guarantee its global customers security of supply.

Edinburgh-based compression pioneer Vert Technologies (Vert) has received £1.9 million investment to expand the presence of its Conical Rotary Compressor (CRC) technology in the Refrigeration and Heat Pump sectors. Vert recently completed a £775,000 investment funding round, through the

RSM UK has advised telecommunications company, the Harlequin Group, on its sale to Telent, a technology company specialising in digital infrastructure. Founded in 1993, the Harlequin Group operates from its Scottish base in Livingston, with offices across the UK in Chatham, Bromsgrove and Manchester

Edinburgh-based angel syndicate Equity Gap has reached a £25m investment milestone following its most successful year to date. Leveraging additional funding of over £100m for investee companies since its launch, these investments have helped create over 500 high quality jobs in Scotland,

Business confidence in Scotland fell three points during December to 24%, according to the latest Business Barometer from Bank of Scotland Commercial Banking.

Addleshaw Goddard’s corporate team is seeing a busy year end for deals which has created confidence that even with the challenges brought about by recent COVID developments, activity levels in the market will sustain as we enter the new year. Deals across the technology, digital innovation, tr

A £500,000 project to develop two new business units in Scalsaig, Isle of Colonsay in Argyll, has secured up to £145,000 from Highlands and Islands Enterprise (HIE). The project is being taken forward by the Colonsay Community Development Company (CCDC) following a feasibility study to a

A significant new funding package from Royal Bank of Scotland has helped to enable Scottish building firm the Donaldson Group to acquire timber frame manufacturer, Stewart Milne Timber Systems (SMTS). The Donaldson Group is a family of eleven businesses specialising in the processing, manufacturing,

Lettings and estate agency Lomond Group has become the largest lettings and estate agent in Scotland after acquiring DJ Alexander. The move, which was supported by Lomond Group’s private equity partner LDC, brings Lomond Group’s portfolio of managed properties to 9,500 in Scotland, and s

Dundee-based commercial insurance technology start-up Broker Insights has raised more than £6 million in a Series A funding round led by Mercia Asset Management. Chroma Ventures, which first backed Broker Insights with seed funding in 2018, made a follow-on investment in this round, along