Glenalmond Timber secures £600k CBILS funding from RBS

Perthshire-based timber manufacturing company, Glenalmond Timber, has received £600k in CBILS funding from the Royal Bank of Scotland to help safeguard the future of the business following the coronavirus pandemic.  

Published 7 August 2020

Scottish retail lost £1.9bn sales during lockdown

Retailers in Scotland lost £1.9 billion of retail sales during the first four months of the coronavirus pandemic, according to new analysis by the Scottish Retail Consortium (SRC).

Published 7 August 2020

Tom Nener: Counterfeiters cash in on coronavirus crisis

Tom Nener, legal director at Pinsent Masons, highlights the importance of protecting your brand as criminals take advantage of the pandemic.

Published 7 August 2020

CBI Scotland outlines six-point approach to help business cope with local lockdowns

With First Minister Nicola Sturgeon having announced a limited lockdown in Aberdeen, CBI Scotland has today set out six ways in which to build confidence for those businesses, local authorities and communities affected, if their local area comes under new temporary restrictions.

Published 7 August 2020

Scottish Government announces actions for economic recovery after COVID-19

Targeted measures to build a stronger, fairer and greener economic future for Scotland in the wake of coronavirus have been announced by the Scottish Government.

Published 7 August 2020

Scottish businesses receive over £2bn from UK Government COVID-19 support schemes

UK Government financial support schemes to aid businesses recovering from coronavirus have paid out £2.3 billion to 65,000 firms in Scotland, according to the Treasury.

Published 7 August 2020

RBS: Hiring activity continues to drop in Scotland throughout July

Hiring activity in Scotland continued to decline substantially in July, although the labour market downturn softened slightly compared to previous months this year, according to the latest Royal Bank of Scotland Labour Market Report.

Published 6 August 2020

UK economic downturn ‘less severe’ than expected but recovery will be slower, says BoE

The UK economic decline caused by the coronavirus pandemic will be less severe than first anticipated, however, recovery will also take longer, according to the latest data from the Bank of England (BoE).

Published 6 August 2020

Metro Bank reports over £240m loss in first half of the year

Metro Bank has posted a pre-tax loss of £240.6 million in the first six months of this year.

Published 6 August 2020

New car registrations rise by over 11% in July

UK new car registrations rose for the first time this year as pent-up demand from the coronavirus lockdown helps to lift the market, according to figures published today by the Society of Motor Manufacturers and Traders (SMMT).

Published 5 August 2020

KPMG: Venture Capital investment increased in Scotland throughout lockdown

Venture Capital (VC) investment in Scottish scale-ups remained robust and resilient in the second quarter of 2020, as the number of deals increased during lockdown despite growing economic and political uncertainty.

Published 4 August 2020

BDO: 90% of Scottish medium sized businesses will struggle with current funding arrangements

The majority (90%) of medium-sized businesses in Scotland can only continue trading for up to nine months with current funding arrangements, according to new research from accountancy and business advisory firm, BDO.

Published 4 August 2020

KPMG: Scotland sees complete halt in prosecution of fraud cases during first half of 2020

The closure of courts due to the coronavirus lockdown led to a complete halt in the prosecution of high-value fraud cases in Scotland during the first half of 2020, according to data from KPMG.

Published 4 August 2020

Highlands and Islands business survey highlights decline in confidence

A survey of more than a thousand businesses across the Highlands and Islands shows a marked decline in confidence in Scotland’s economic outlook.

Published 4 August 2020

NatWest Group allocates £2.8bn for bad COVID-19 loans

NatWest Group has allocated an extra £2.8 billion to cover potential losses from an increase in bad loans issued during the coronavirus crisis.

Published 31 July 2020