News

A total of 649 businesses fell into insolvency in Scotland since March last year, according to new figures released by insolvency service Business Rescue Expert. The firm has analysed data from the past 12 months to reveal the Year of Lockdown report, which reveals the state of businesses, the

Cairn Housing Association has welcomed a £55 million funding package from Royal Bank of Scotland to re-finance existing loans, enhance home interiors and develop its pipeline of prospective developments. Operating across 24 local authorities in Scotland with a significant presence in the Centr

Edinburgh-based Censo Biotechnologiesand Axol Bioscience Ltd, an established provider of iPSC-derived cells, media, and characterization services, have announced a merger and subsequent £3.8 million funding round. The new entity will become a leading provider of product and service s

Between December 2020 and February 2021, the average property selling price in Dumfries and Galloway was £177,319, a 14.9 per cent increase on the same period last year, ESPC reports.

Premium spirits company Beam Suntory is to invest £6 million into a restoration of Glen Garioch’s distillery in Oldmeldrum.

Eleven high-growth UK technology companies have secured a place on the Addleshaw Goddard (AG) Elevate programme, a unique fast-track legal mentoring scheme for early-stage businesses. Designed and delivered by leading lawyers at Addleshaw Goddard, successful candidates will now be assigned to a

Marie Bruhat, a designer who is keeping the Fair Isle knitting tradition alive, has been awarded £40,842 from Highlands and Islands Enterprise (HIE) to expand her business. Marie Bruhat was inspired to move to Fair Isle from France four years ago following a previous internship with another is

A three-year project to restore confidence and resilience in Orkney’s tourism sector has secured £300,000 from Highlands and Islands Enterprise (HIE). The £390,000 project, by destination management organisation Destination Orkney Limited (DOL) will deliver a series of initiatives

Real estate advisor CBRE has secured a new restaurant occupier for a high-profile unit in Glasgow city centre, on behalf of the landlord CBRE Global Investors.

Scotland's Chief Statistician has released statistics showing that the economy grew by 2.0% during the fourth quarter of 2020, covering the period October to December.

Unity Trust Bank has announced its annual results, including a record 26% rise in net lending and customer deposits (29%). Against a backdrop of historically low-interest rates and economic uncertainty, Unity has maintained its track record of safe and sustainable growth, delivering a strong set of

The Bank of England (BoE) has held interest rates at a record low of 0.1%.  The bank met expectations at the March Monetary Policy Committee (MPC) meeting, with unanimous 9-0 votes both to keep interest rates at 0.10% and the stock of asset purchases at £895 billion.

Economy secretary Fiona Hyslop has announced that a further £70 million will be made available by the Scottish Government to provide more jobs, internships, apprenticeships, training and volunteering opportunities for young people in Scotland.  The extra funding for Young Person&rsqu

Local authorities in Scotland will receive an additional £40 million to support local communities, public finance minister Ivan McKee has confirmed.

Trade minister Ivan McKee has urged the UK Government to provide clarity over the future of green ports in Scotland. The green port model adapts the UK Government’s freeport proposals, offering a package of tax and customs reliefs. Operators and beneficiaries will be required to commit to adop