Thousands more taxpayers moved to Scotland than left each year in the period after Scottish Income Tax was brought in, new HMRC research has found. The study, looking at movement within the UK over 12 years, found a steady increase in net migration of taxpayers in the five years from when the tax wa
Scottish Government
Companies which took part in the Scottish Government’s first ever business delegation at COP28 have said they expect to generate an estimated £66.74 million in net zero export sales over the next three years, according to a new report published today. A total of 19 net zero focussed Scot
A recent report has revealed the substantial impact of Scotland's public sector procurement expenditure, contributing over £13 billion to the nation's economic activity and bolstering its GDP by £7.5bn during the fiscal year 2021-22. The fifth annual report on procurement activity in Sco
A taskforce created to identify and propose solutions to barriers to investing in homes met for the first time yesterday. The first Housing Investment Taskforce meeting was held in London and attended by housing minister Paul McLennan and various stakeholders from housing and finance.
Scottish financial services industry has reported significant strategic strides as industry leaders meet to discuss continued growth and collaboration. Scottish Financial Enterprise, City of London Corporation and Scottish Government met in Edinburgh on Thursday to discuss opportunities for gro
Techscaler, the Scottish Government's tech startup support programme, and FinTech Scotland, the cluster body driving Scotland’s fintech innovation, have announced a strategic partnership poised to drive forward Scotland's fintech sector development. FinTech SMEs now employ more than 10,500 peo
Scotland's life sciences industry achieved record-breaking turnover of nearly £10.5 billion in 2021, new figures reveal. This £1.7bn increase from the revised 2020 figure surpasses the sector's ambitious £8bn target set for 2025.
Bio-based businesses in Scotland will soon have access to a vital new infrastructure that will enable them to scale up their products. Through Scottish Enterprise, the Scottish Government has announced an £847,000 investment to support the purchase and installation of a 300-litre fermenter at
The Scottish Retail Consortium has welcomed the backing of Scottish Ministers over the reintroduction of tax-free shopping for international visitors.
The small proportion of women running companies in Scotland must be addressed as a matter of urgency, Wellbeing Economy Secretary Màiri McAllan has told business leaders. Addressing Edinburgh Chamber of Commerce’s Annual Business Awards, Ms McAllan said the fact that only just over one-
A funding package has been agreed to secure an estimated £350 million in inward investment for a major energy industry expansion in the Highlands. Sumitomo Electric UK Power Cables Ltd (SEUK), a subsidiary of Japanese company Sumitomo Electric Industries Ltd (SEI) is planning to establish
First Minister Humza Yousaf has reshuffled his cabinet following the resignations of Elena Whithamin and Michael Matheson. Unleashing Scotland’s renewable potential and building Scotland’s economy will be overseen by a single portfolio headed by Màiri McAllan as cabinet secretary
A £1 million project has encouraged more than 100 small to medium sized enterprises across Scotland’s manufacturing industry to explore the potential of additive manufacturing (AM) techniques – industrial 3D printing – that could add value and open up new commercial opportun
Innovation Minister Richard Lochhead will tell a gathering of potential investors meeting in Edinburgh today that Scotland’s cutting edge space industry can lead Europe. He will set out Scotland’s ambitions, which include capturing a £4 billion share of the global space market, to
First Minister Humza Yousaf is visiting London this week to take part in a number of events in partnership with the City of London Corporation, including agreeing an enhanced framework to promote Scotland and London as centres of excellence for financial services. The latest evolution of the partner