The Scottish Government has set its focus on nurturing economic ties with the US and Canada as currently trade minister Ivan McKee is on a trade visit to the two countries in a bid to strengthen economic connections, attract investment into Scotland and boost exports. It comes the same week as the S
Scottish Government
An independent Scotland will adopt a new currency "as soon as practicable" under economic plans unveiled by First Minister Nicola Sturgeon today. A new paper, titled "Building a New Scotland: A stronger economy with independence", sets out the Scottish Government's economic prospectus for independen
Plans for the refurbishment of Brookwood Villa in Bearsden have taken a significant step forward with financial close achieved on the £2 million project. A landmark agreement has been reached between East Dunbartonshire Council, development partner hub West Scotland and main contractor Linear
Projects across the North East and Moray will receive a share of over £50 million to accelerate the energy transition and secure future jobs in the region. A total of 22 projects will receive funding, including investments in: research and innovation; new green skills training facilities; pilo
Eilidh Mactaggart, the former chief executive of Scotland's state-backed investment bank, The Scottish National Investment Bank (SNIB), was paid more than twice as much as First Minister Nicola Sturgeon. The SNIB's first year results have revealed that Ms MacTaggart received almost £350,000, d
The Scottish Government has confirmed the members of an expert panel providing advice as part of its emergency budget review (EBR). Sir Anton Muscatelli, Professor Frances Ruane and Professor Mike Brewer will assess the impact on Scotland of the UK Chancellor’s fiscal approach and held their f
BBC Studioworks has officially launched its new 10,500 sq. ft purpose-built studio, set in the heart of Glasgow’s West End in the iconic Kelvin Hall. Co-funded by the Scottish Government, through Screen Scotland and Glasgow City Council, the facility is a major boost to Scotland’s capaci
The Scottish Government has asked Scotland's Auditor General to launch an investigation into the awarding of the £97m Scottish ferries contract. The request comes after suggestions from a documentary arose that the process of awarding the contract have been rigged as successful bidder Fer
The Chartered Institute of Taxation (CIOT) has responded to the Chancellor’s announcement last week, that the UK basic rate of income tax will be reduced to 19p and the UK additional rate of income tax abolished from April 2023. These changes will not apply to Scotland, where the power to set
Ten companies have been awarded a total of £9.4 million to help Scottish industries reduce carbon emissions through decarbonisation and energy efficiency projects. The recipients from the second round of the Scottish Industrial Energy Transformation Fund (SIETF) are predominantly involved in t
Strategies to attract foreign investment and open up international trade for Scottish companies have reported successful results. Business minister Ivan McKee told the Scottish Parliament that the export growth strategy, A Trading Nation, has delivered an additional £3 billion of planned inter
Around £500 million in savings have been found as resources are focused on tackling the “harsh reality” of the cost of living crisis, deputy first minister John Swinney has said. He updated the Scottish parliament on steps being taken to meet the increased costs of public sector pa
Leaders from the world’s largest financial institutions have arrived in Edinburgh for a summit to address the climate emergency and other pressing global challenges.
The outcome of the Scottish Government’s Emergency Budget Review will be set out to Parliament within two weeks of any UK Government Emergency Budget, Deputy First Minister John Swinney has said. Liz Truss could hold an emergency budget or other fiscal event after taking office in an attempt t
Finance leaders have welcomed a statement issued by deputy first minister John Swinney today, committing both the Scottish Government and one of Scotland's biggest industries to maintaining close collaboration aimed at tackling the "rapidly escalating" cost crisis for households and businesses. The