ScottishNews.com

Finance

Equity Gap changes up top team

Published 1 year ago

Equity Gap, the Edinburgh-based angel investment syndicate has today announced changes to its top team that will see the syndicate continue to expand its portfolio across Scotland and the UK.

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Scotland’s economic growth outpaces UK average in Q1 2023

Published 1 year ago

Scotland’s economy demonstrated robust growth in the first quarter of 2023, outpacing the UK average, according to recent data released by the chief statistician.

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Merck to create 500 jobs with £30m investment into Glasgow and Stirling operations

Published 1 year ago

German science and technology giant, Merck, has announced plans to invest €35 million (£30m) in the expansion of its biosafety testing capabilities in Glasgow and Stirling.

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White Oak partners with Law Society and aims to lend £80m in Scotland in 2023

Published 1 year ago

Non-bank lender, White Oak, has inked a fresh partnership with the Law Society of Scotland, further deepening its footprint in the Scottish market.

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STAC boosts female entrepreneurship in Scotland’s tech industry

Published 1 year ago

Scotland’s first internet of things (IoT) accelerator, the Smart Things Accelerator Centre (STAC), has heralded the amount of female-led ventures in its third cohort of companies.

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Glasgow’s Novosound appoints former Intel exec amid North American expansion

Published 1 year ago

Glasgow-based ultrasound sensor firm Novosound has enlisted the expertise of former Intel executive David Jolliffe as its new CFO.

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CT unveils new executive committee and investment in digital transformation amid major rebrand

Published 1 year ago

In a significant strategic overhaul, accountancy and advisory firm CT (formerly Chiene + Tait), has appointed a new executive committee and strategic leadership team, along with the upcoming launch of a new seven-figure digital transformation division.

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ICMI to support £15m expansion of Crossbasket Castle

Published 1 year ago

Inverlochy Castle Management International (ICMI) has extended its management agreement with Crossbasket Castle, helping support the five-star hotel as it undergoes an ambitious £15 million expansion.

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Cairn appoints Ken Tudhope as director of finance and people services

Published 1 year ago

Ken Tudhope has been named the new director of finance and people services at Cairn Housing Group.

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Edinburgh biotech secures £250,000 seed funding

Published 1 year ago

Edinburgh-based Lentitek Ltd, a developer of pioneering manufacturing technologies enabling economic delivery of advanced cell and gene therapies, announced today that it has secured £250,000 ($300,000 USD) in seed investment. This investment will be deployed to further advance its technology and commence initial commercial trials.

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Tourist tax soon to be a reality in Scotland

Published 1 year ago

The Scottish Government has published the Visitor Levy (Scotland) Bill, potentially enabling councils to introduce a tourist tax on overnight stays.

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North Ayrshire cable factory creating 900 jobs receives planning approval

Published 1 year ago

North Ayrshire Council has granted full planning permission to XLCC’s high-voltage direct current (HVDC) subsea cable manufacturing operations at a brownfield site in Hunterston, Scotland.

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CHAP Group breaks ground on new £19m student accommodation project in Dundee

Published 1 year ago

Aberdeen-based construction firm CHAP Group has initiated work on a new £19 million student accommodation project in Dundee.

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Lomond acquires entire Purplebricks Scotland rental portfolio

Published 1 year ago

Property management firm LOMOND has expanded its footprint in Scotland with the acquisition of Purplebricks’ entire Scottish rental portfolio for an undisclosed sum.

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Wylie & Bisset warns of Scottish insolvencies surge amid financial squeeze

Published 1 year ago

Scottish firms, once profitable but financially strained during the COVID-19 pandemic, are now feeling the pinch of a cost-of-living crisis, leading to record levels of insolvency activity, according to Wylie & Bisset, an accountancy and business advisory firm.

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