Businesses across the country have now been awarded more than £100 million through the Scottish Government Business Support Fund. The scheme, announced by cabinet secretary Fiona Hyslop at the end of April, has to date helped more than 2,500 businesses and 4,160 self-employed people.
Covid-19
UK households repaid a record £7.4 billion of unsecured debt in April, according to data published by the Bank of England.
The Financial Conduct Authority (FCA) has said that insurance firms must consider the impact of coronavirus when assessing the value of their insurance products. The guidance sets out what the FCA considers firms should be doing to identify any material issues that affect the value of the gener
A total of 128 companies have now received more than £5 million of financial support through the Scottish Government’s Seafood Resilience Fund.
Melrose-based housebuilder Rural Renaissance Limited (RRL) has secured a six-figure funding package from Bank of Scotland to support its working capital, enabling it to continue to pay suppliers and honour its contractual commitments during the coronavirus crisis. RRL is parent company to
Wylie & Bisset's managing partner Donald McKinnon takes advantage of hot weather and hosts socially-distanced meeting with a client on Helensburgh seafront. Taking full advantage of the recent hot spell and the forced inability to meet clients in the usual meeting room, McKinnon instead took ful
The Financial Conduct Authority (FCA) has confirmed that holiday payments for mortgage customers will be extended until the end of October this year in a bid to combat the financial impacts of the coronavirus crisis. The FCA has confirmed that customers still experiencing temporary payment dif
Leading bodies have issued guidance on the implications of the coronavirus pandemic for pension scheme financial reports and audit. The guide has been prepared jointly by the Institute of Chartered Accountants in England and Wales (ICAEW), the Institute of Chartered Acc
Property values dropped by 1.7% month-on-month in May across the UK according to the latest House Price Index by Nationwide Building Society.
Inshore fishers who usually target shellfish will now be able to diversify into new markets and access fishing opportunities worth up to £2 million thanks to a new quote introduced by the Scottish Government. The package aimed at helping the industry during the coronavirus, means that Scottish
Kinloch Lodge, an award-winning luxury hotel on the Isle of Skye that has lost over a thousand bookings because of the COVID-19 pandemic, has secured its future thanks to a six-figure CBILS loan from Bank of Scotland. The family-run 19-bedroom hotel relies heavily on revenue from international touri
Ondine, one of Edinburgh’s finest seafood restaurants, has secured a £50,000 Bounce Back Loan from Barclays.
Loganair is today relaunching two routes from Aberdeen Airport re-connecting the city with Birmingham and Newcastle, as the first step to restoring full services at one of its major hub airports after the coronavirus pandemic.
Royal Bank of Scotland and Strathclyde Business School are hosting a digital debate today designed to bring together key female Scottish business leaders. The debate will centre on the future of leadership following the coronavirus crisis.
Chancellor Rishi Sunak has announced that the UK's coronavirus furlough scheme implemented to save jobs during the coronavirus crisis, will finish at the end of October. Mr Sunak also highlighted that employers will have to start sharing the cost of the scheme. From August, employers must pay Nation