News

MIME Technologies, a med-tech spin-out from the University of Aberdeen, has received £248,000 in funding from the Scottish Government to help deliver technology that will support the heavily impacted aviation industry during its recovery from the pandemic. The funding will also help drive

Phil Worms, founder of Glasgow-based Frog Systems has been announced as the winner of this year’s Startup Summit Competition, winning the top prize worth over £65,000. He was declared the winner following a live digital pitch battle in front of 1,000 delegates at this year’s Startu

Research carried out by Pinsent Masons has revealed a continued step-change in support offered to customers grappling with mental health concerns is likely as banks continue to ramp up measures to help consumers manage pressure on finances prompted by the pandemic. The firm's report 'Creating a Cult

Hitachi Capital Vehicle Solutions, one of the UK's largest vehicle finance companies, has told car dealers across the UK that it will refuse loans to people working in the hospitality sector. 

Grant and investment funding of almost £25 million has been committed to 90 innovative, early-stage businesses in Scotland whose growth ambitions were impacted by the onset of the COVID-19 pandemic. The awards have been made via the Early Stage Growth Challenge Fund, part of a £38m packa

Small businesses in the UK are facing huge uncertainty over the future of their finances as further coronavirus restrictions are imposed, according to the Association of Chartered Certified Accountants (ACCA UK) and The Corporate Finance Network (The CFN) SME Recovery Tracker. The tracker found that

Shopper footfall continues to buckle under the weight of the pandemic, as footfall in Scotland's shopping centres was down 33% compared to the same period last year, the Scottish Retail Consortium reports.

The Confederation of British Industry (CBI) is urging the UK Government to act now and use this Spending Round to lay the groundwork for the UK’s long-term future. The business group said the COVID crisis makes it even more important that the Government takes key decisions and implements its

Scottish High Street insolvencies had their second worst year in 2019 with five bankruptcies a week, according to property management firm Apropos by DJ Alexander. The firm has analysed data from the Insolvency Service and found that businesses falling into insolvency in Scotland reached 2

The Bank of England (BoE) is to inject an extra £150 billion into the UK economy amid concerns that the second wave of COVID-19 would lead to a slower recovery.   It is expected that tighter lockdown restrictions in England will force the UK into another downturn. 

The UK new car market declined again in October, with registrations falling by 1.6% year on year, according to the latest figures published today by the Society of Motor Manufacturers and Traders (SMMT).

A surprisingly considerate bank robber left and came back after he was reminded to wear a face mask when walking into his target.

Despite ongoing economic uncertainty, the value of Venture Capital (VC) investment in Scottish scale-ups increased in the third of quarter of 2020, according to the latest data from KPMG's Private Enterprise’s Global Venture Pulse Survey. Between July and September of this year, VC deal volume

Murdoch MacLennan, banking partner with accountancy firm Azets, is calling for an urgent extension of the repayment term for all existing and any new Coronavirus Business Interruption Scheme Loans (CBIL) and Bounce Back Loans (BBL) to be extended to the government’s proposed new ten-year maxim

Peter D Stirling, the operator of Mossend International Railfreight Park (MIRP), has secured a seven-figure funding package from Barclays. The funding, which includes a UK government-backed CBILS loan as part of the overall offering from the bank, will support working capital and provide capital exp