ScottishNews.com

Finance

HIE supports expansion of Jamieson’s Spinning amid growing international demand

Published 2 years ago

Shetland’s only commercial woollen mill, Jamieson’s Spinning, located in Sandness, has experienced overwhelming success with its recently purchased Shima Seiki knitting machine, prompting the acquisition of another to meet soaring international demand for its ‘Made in Shetland’ products.

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New R&D tax relief figures show surge in UK company innovation investment

Published 2 years ago

New statistics released by HMRC today show UK companies significantly increased their levels of innovation investment in the 2021-22 tax year.

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Scottish growth lags with 0.1% GDP gain in July

Published 2 years ago

Scotland’s onshore GDP grew by 0.1% in July, following 0.0% growth in June 2023, according to statistics announced by the Chief Statistician.

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Stellar Omada lands £4.5m BGF investment for digital prowess in financial sector

Published 2 years ago

Edinburgh-headquartered technology services firm Stellar Omada has secured a £4.5 million investment from capital growth investors BGF.

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Sustainable finance industry leaders flock to Edinburgh for Ethical Finance Summit

Published 2 years ago

Over 500 finance sector professionals gathered in Edinburgh last week to help drive green and responsible finance forward, enabling the achievement of net zero goals in Scotland and around the world.

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Wild Braemar expands thanks to support and funding advice from Business Gateway

Published 2 years ago

An Aberdeenshire nature education and outdoor experience business has successfully expanded its service offering after the business owner received support and funding advice from Business Gateway.

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Sensor specialist Neuranics secures £1.9m investment led by Par Equity

Published 2 years ago

Sensor specialist startup Neuranics has secured a £1.9 million investment led by Par Equity.

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Scotland emerges as UK’s manufacturing powerhouse

Published 2 years ago

Scotland has emerged as the UK’s most productive manufacturing region, with manufacturing output per hour being 19% higher than the UK average, according to new analysis by PwC UK.

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16 jobs lost as Logie Glazing and Building Services enters administration

Published 2 years ago

Dundee-based Logie Glazing and Building Services Limited has entered administration and ceased trading, resulting in the redundancy of all 16 employees.

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Circularity Scotland accounts for £4.5m of SNIB’s £17.8m loss

Published 2 years ago

Pictured (L-R): Scottish National Investment Bank CEO Al Denholm and William Kyle, fund director at PfP Captial, visit a new housing development at Kane Neuk, in Newcraighall, Edinburgh where backing from the bank has delivered 104 homes (credit: Nick Mailer Photography)

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Scottish productivity startup Trickle wins £1m investment to fuel expansion

Published 2 years ago

Scottish workplace productivity startup Trickle has secured a £1 million investment led by Equity Gap, featuring contributions from Scottish Enterprise and London-based VC firm NoBa Capital.

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British Business Bank faces £135m loss

Published 2 years ago

The British Business Bank (BBB) reported a £135 million post-tax loss in its latest financial year, predominantly due to a dip in tech company valuations.

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Interpath Advisory joint administrators appointed as Recast Sports enters administration

Published 2 years ago

Alistair McAlinden and Chris Pole of Interpath Advisory have been appointed as joint administrators of Recast Sports Limited on 22 September 2023.

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Kelvin Capital invests record £7.8m during first half of 2023

Published 2 years ago

Scottish-based investment syndicate Kelvin Capital has concluded record investment totalling £7.8 million in the first half of 2023, marking a 22% increase from the same period in 2022.

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HMRC’s stricter R&D claim mandates put £100m at stake for Scottish firms

Published 2 years ago

Scottish businesses stand at risk of losing up to £100 million this year, a consequence of non-compliance with newly instated requirements for research and development (R&D) tax relief claims, an R&D tax relief expert has warned.

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