Covid-19

Bank of Scotland showcased the dedication of its key worker colleagues, who continue to support customers during the coronavirus crisis with the launch of a new advert yesterday. The advert, filmed by colleagues over the last fortnight and featuring TV star comedian Susan Calman, highlights the supp

The Federation of Small Businesses (FSB) in Scotland has highlighted that figures released by the Scottish Government have revealed that the volume of cash reaching firms is slowing further than already highlighted last week. The Scottish Government has released figures

A round-up of business news from across Scotland featuring: Royal Dornock Golf Club's delayed construction plans, Reactec's new social distancing solution, an East Neuk fisherman's new business launch, WL Gore's staffing success, Wemyss Properties' new Glasgow flats approval and Good-

RICS has called on the Scottish government for clarity on when the house buying and selling process can restart as it suggested house prices will be 4% lower when the market reopens.

Results from the latest  ACCA UK and The Corporate Finance Network’s (CFN) SME Health Tracker have found that 61% of firms that made enquiries for the Coronavirus Business Interruption Loan Scheme (CBILS) are still awaiting a response, with just 4% progressed

Ann Frances Cooney, legal director at Addleshaw Goddard, has warned that employers looking to take advantage of the UK government’s plans to extend the furlough scheme to October should do so with a degree of caution.  Ms Cooney, who has specialised in employment law for over a decad

Insurance market Lloyd's of London has said that it expects coronavirus-related claims to cost it between £2.5 billion and £3.5bn, marking biggest payout since the 11 September 2001 attacks in the USA.

The Financial Conduct Authority (FCA) is confirming a series of temporary measures today to help customers who hold insurance and premium finance products and who may be in financial difficulty because of coronavirus. Following a short consultation, the targeted measures being implemented require fi

Despite the disruption caused by the coronavirus outbreak, UK Agricultural Finance (UKAF) has continued lending and has had a regular flow of loans completing.

Chartered accountants Wylie & Bisset have outlined how Scots facing financial hardship as a consequence of the coronavirus pandemic look set to benefit from the country’s second emergency coronavirus bill. The Coronavirus (Scotland) (No.2) Bill seeks to raise the minimum debt thr

An unprecedented level of financial stability attained by Scottish football clubs has been wiped out by the coronavirus pandemic pushing many teams to the "brink of insolvency" according to a report published by Begbies Traynor.  Scottish football club finances had gained unprecedented sta

Rakkaus Furniture Ltd, a Kilmarnock-based commercial furniture provider, is one of the first businesses to benefit from the Coronavirus Business Interruption Loan Scheme (CBILS) through Virgin Money-owned Clydesdale Bank. CBILS is a UK Government initiative facilitated by participating banks to

Andrew Phillips, solicitor advocate at Jones Whyte, explores the potential abuses of the coronavirus furlough scheme and issues a note of caution for businesses looking to utilise the scheme. In their recent COVID-19 update, the Serious Fraud Office (SFO) sought to assure us that they will cont

A third of Scottish business owners who shut down operations during the coronavirus outbreak fear their firm may never re-open, according to a major new survey from the Federation of Small Businesses (FSB). On the back of the research, the small business campaign group is calling for sustained gover

People across Scotland are starting to focus on managing their long-term finances as the COVID-19 lockdown continues as well as contemplating how they will withstand the economic fallout of the crisis, according to financial advisory firm Carrington Dean.  This is according to a national survey