News

Aberdeen-based oil and gas services firm isol8 has received a £3.5 million investment from BGF to support its long-term growth plans, including increasing its staff by 50% over the next 12 months. The investment from BGF will also be used to develop isol8’s zero-emissions product po

Edinburgh-based thermal storage technologies company Sunamp has received a £6 million ($8.3m) convertible loan note investment from the Scottish National Investment Bank (SNIB). Sunamp will use these funds to increase its sales in the UK, scale-up production, and accelerate internati

Banff-headquartered financial advisers Structured Financial Planning is celebrating the opening of a new office in Banchory by agreeing a sponsorship deal with Torphins Olympic skier Alex Tilley. The company manages over £90 million of pensions and investments for personal and business cl

Carlisle-based H&H Insurance Brokers has welcomed two new apprentices as Victoria Twentyman and Tom McGaffin join the team. Ms Twentyman is the youngest apprentice to have ever been appointed by the firm, at 16 years old. She takes up the role of apprentice admin assistant at the firm's Car

East Lothian-based Carberry Cabins, a specialist joinery business, has received a pandemic lockdown lift with diversification into staycation cabins which have attracted strong interest from estate owners, farmers and caravan park operators. Carberry Cabins management team Derek Brodie, Ferrier Slig

Edinburgh-based Modulr, a Payments-as-a-Service API platform for digital businesses, has opened offices in the Netherlands as the springboard for its EU-wide expansion in 2022 and 2023. Following strong business growth in the UK over the past five years – and most recently being named the

Edinburgh-based software testing company 2i has landed a £20 million contract to help the Scottish Government deliver social security in Scotland. The firm has said that the contract will deliver testing and quality assurance to support the introduction of new benefits – and will also he

Ørsted, the Danish offshore wind specialist, has revealed its intention to invest up to £12 billion directly with Scottish companies on developing and constructing offshore wind farms in the country over the next ten years. These proposals are contained in bids submitted to Crown E

Demand for tech professionals in Scotland increased by 25% in six months – far exceeding the pace of the 10% rise seen in the rest of the UK – according to the latest UK Tech Talent Tracker from professional services company Accenture. It is the first time the tech job market has gr

Debit and credit card transactions surpassed four in every five pounds spent in 2020, (81%, up from 78% in 2019), according to the latest Payments Survey released by the British Retail Consortium (BRC) The pandemic and digital shift mean that cash use now accounts for just 15% of total spending in r

Scotland’s onshore GDP fell by 0.2% in July, according to statistics announced today by Scotland's chief statistician. Output remains 2.4% below the pre-pandemic level in February 2020.

A couple who wanted to name their newborn son "Vladimir Putin" have been refused permission by Swedish authorities. The couple, who live in Laholm in south-western Sweden, submitted the name to authorities but were told it could "cause offence" or "distress" to their child.

Blair Nimmo and Alistair McAlinden of Interpath Advisory have been appointed joint administrators of Edinburgh-based Future Renewables Eco PLC with effect from 17 September 2021. FRE owns and operates ten wind turbines across nine sites in Scotland, England and Northern Ireland.

With many SMEs confronting an imminent cash flow crisis, caught between the covid related slowdown, longer-dated trading terms and the culmination of the furlough scheme, chartered accountants Wylie & Bisset are advising SMEs to plan for the worst and hope for the best. That’s because many

Edinburgh-based tech start-up Coastr has secured a £1.4 million investment through London-based investment platform GroVentive. Coastr’s cloud-based “all-in-one” vehicle rental management platform enables independent vehicle rental businesses to become fully digitised and com