ScottishNews.com

Finance

BGF drives Scottish growth with £33m injection and five successful exits in 2023

Published 1 year ago

British Growth Fund (BGF) has marked another successful year in 2023, with its Scotland and Northern Ireland team delivering five profitable exits and injecting £33 million into the local growth economy.

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@sipp charts independent course with successful management buyout

Published 1 year ago

Scottish pension provider @sipp has successfully undergone a management buyout (MBO) led by managing director Eddie McGuire and finance director Steve Lancaster.

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Consilium secures £450,000 RSA grant for James Scott & Sons

Published 1 year ago

James Scott and Sons, the Scottish manufacturer of commercial kitchens, is ready to embark on an exciting new chapter thanks to a £450,000 grant secured by Consilium Chartered Accountants.

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More than 38,000 new Scottish businesses in 2023

Published 1 year ago

More than 38,000 start-ups were launched in Scotland in 2023, according to new research from R3, the UK’s insolvency and restructuring trade body.

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Shona Campbell appointed chair of Henderson Loggie

Published 1 year ago

Scottish accountancy firm Henderson Loggie has elected Shona Campbell as its new chair, succeeding Alan Davis following his successful eight-year tenure.

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Edinburgh game developer secures game-changing $110m investment

Published 1 year ago

Edinburgh-based game developer and publisher Build A Rocket Boy has successfully concluded a Series D funding round, securing over $110 million (around £87m) in capital.

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IGS raises record £22.5m to revolutionise vertical farming

Published 1 year ago

Edinburgh-based Intelligent Growth Solutions (IGS) has successfully raised £22.5 million in a Series C funding round to support significant global expansion as the business deploys its vertical farming technology to customers worldwide.

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N4 Partners boosts investment in neurological researcher NeuroClin

Published 1 year ago

N4 Partners has recently concluded an additional seven-figure investment in NeuroClin, an innovative neurological research organisation based at the Eurocentral business hub.

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SCC: Scottish economy stuck in shadow of low growth

Published 1 year ago

Scotland’s economy is “stuck in a low growth cycle”, according to the latest Scottish Chambers of Commerce Economic Indicator.

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Flowcopter lands almost £1m from Scottish Enterprise to develop greener drones to rival helicopters

Published 1 year ago

A drone technology manufacturer has received almost £1 million from Scottish Enterprise to support the development of a new hybrid, heavy-lift, unmanned aircraft capable of operating on less than 30% of the aviation fuel used by a helicopter.

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FSB calls for raising of VAT threshold to £100,000

Published 1 year ago

The Federation of Small Businesses (FSB) has urged the UK government to consider removing the “barrier to growth” many small businesses are faced with by raising the VAT threshold.

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Insolvency slowdown in December offers brief respite for Scottish businesses

Published 1 year ago

There were 108 company insolvencies registered in Scotland in December 2023, 5% lower than the number in December 2022, according to the latest official statistics.

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MacKay Corporate Insurance Brokers expands footprint with Glasgow office launch

Published 1 year ago

Ayr-headquartered MacKay Corporate Insurance Brokers has opened a new office in Glasgow.

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Reward Finance Group announces new appointments and Dunfermline office opening

Published 1 year ago

Alternative finance lender, Reward Finance Group, has made two key business development appointments and opened new offices in Dunfermline, in response to reaching a £14.35 million lending milestone across Scotland.

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BlackRock to take ownership of Edinburgh Airport as part of wider £9.43bn deal

Published 1 year ago

Ownership of Edinburgh Airport is set to change hands as part of BlackRock’s deal to acquire Global Infrastructure Partners (GIP) in a significant cash-and-stock transaction valued at over £9.43 billion.

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