COVID-19



KPMG: Pre-lockdown venture capital funding in Scotland 'resilient' in first quarter

More than £35 million of Venture Capital (VC) was invested into Scottish start-ups in the first quarter of 2020, ahead of the UK’s COVID-19 lockdown, according to KPMG’s latest Venture Pulse survey.

Published 22 May 2020

Johnston Carmichael: Scottish local food economy enjoys significant surge

Scotland’s local food economy is enjoying an unprecedented boost as consumers seek alternatives to the supermarkets, focusing on home delivery and convenience retail amid wellbeing concerns, according to a senior food and drink expert from Johnston Carmichael.

Published 22 May 2020

Norman Jamieson Ltd secures six-figure CBILS loan from Bank of Scotland

Dundee-based lorry hire firm Norman Jamieson Ltd has secured a six-figure loan from Bank of Scotland to help buffer against a decrease in demand amid the construction industry shutdown.

Published 22 May 2020

RBS staff prepare for long-term home working

Staff at the Royal Bank of Scotland are preparing to work from home for the foreseeable future in the wake of the coronavirus pandemic.

Published 22 May 2020

Aviva life insurance sales rise by 28%

Perth-based insurance company Aviva as seen a 28% increase in sales of life insurance reaching £12.3 billion in the first quarter of this year.

Published 22 May 2020

Nine in ten Scottish rural business confident they can reopen safely

Over 90% of rural business owners in Scotland are confident they can reopen their business while safely adhering to social distancing measures, according to a new survey by Scottish Land & Estates (SLE).

Published 22 May 2020

Scottish Business Round-up

A round-up of business news from across Scotland featuring: Coorstek Ltd's production of COVID-19 supplies, Edinburgh International Conference Centre's virtual conference service, Perfect Clean's £10,000 investment in new machinery, Deanestor's clinical furniture supply service, RJ McLeod's contract win and Dame Ann Gloag's Highland holiday resort plans.

Published 22 May 2020

Scottish SMEs lose 39% of income due to coronavirus

The average SME in Scotland has lost 39% of their income as a result of the coronavirus pandemic, according to new research from specialist bank Aldermore.

Published 22 May 2020

First Minister outlines Scotland's route out of lockdown

A route map setting out a phased approach to easing lockdown restrictions while still suppressing coronavirus has been published by the Scottish Government.

Published 22 May 2020

MSPs to investigate impact of coronavirus on rural economy and transport services

The impact of the coronavirus outbreak on Scotland’s transport services and the rural economy is to be investigated by MSPs.

Published 22 May 2020

UK Government borrowed over £62bn in April amid coronavirus lockdown

The UK Government borrowed £62.1 billion in April, marking the highest monthly figure on record as it tried to navigate the country through the coronavirus crisis, according to the latest figures from the Office for National Statistics (ONS).

Published 22 May 2020

CIOT: Property tax refund extension should include lockdown purchases

The Scottish Government should consider widening access to a temporary scheme extending the time available to claim a refund of its property tax surcharge to include transactions that have taken place during the coronavirus lockdown, according to the Chartered Institute of Taxation (CIOT).

Published 22 May 2020

ONS: UK retail sales drop 18% in April

Retail sales in the UK throughout the month of April have dropped by 18.1%, according to the latest figures released by the Office for National Statistics (ONS).

Published 22 May 2020

FCA announces further support for homeowners

The Financial Conduct Authority (FCA) has announced proposals which will continue support for customers who are struggling to pay their mortgage due to the coronavirus pandemic.

Published 22 May 2020

PVP Developments secures £750k CBILS loan from Bank of Scotland

Glasgow-based construction firm PVP Developments has secured a £750,000 CBILS loan from Bank of Scotland. 

Published 21 May 2020