Economy

British Business Bank reaches £2.5bn lending milestone for its Growth Guarantee Scheme

Leave a Comment / Economy, Figures, News, Professional Services, Scotland /

  The British Business Bank has reached the landmark milestone of £2.5bn of lending under its Growth Guarantee Scheme, with £127 million committed through 766 loans to small businesses in Scotland. Overall, 69% of lending has been delivered to businesses outside London and the South East, including 5% in Scotland. A wide range of industry […]

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Rachel Reeves to unveil £66 million transport investment to supercharge Scottish growth

Leave a Comment / Economy, Figures, News, People, Scotland /

  Chancellor Rachel Reeves will visit Paisley on Friday to announce a major £66 million UK Government investment in Scottish transport infrastructure, aimed at unlocking economic growth, improving connectivity, and supporting high-value job creation. The announcement is part of the UK Government’s Plan for Change, designed to reverse years of underinvestment and back Britain’s renewal

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Scotland attracts New Early-Stage Investors despite challenging market conditions

Leave a Comment / Economy, Figures, News, Scotland /

  Scotland’s early-stage investment landscape continues to broaden its international appeal, with 73 investors new to the Scottish market participating in funding rounds during 2024, according to the latest Scotland Newcomer Investors Report from Young Company Finance. The report, which tracks investors making their first investment in a Scottish company, shows an overall 20 per

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Equity investment in Scotland’s smaller businesses bounces back as London’s share of investment falls

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  Smaller firms in Scotland saw increased levels of equity investment in 2024 as London became less dominant and the wider UK saw a collective decline, according to new research from the British Business Bank. The Bank’s annual Small Business Equity Tracker, published today, showed that equity deals involving small businesses in Scotland totalled £507

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UK SMEs stand to gain £78bn from AI amid economic turbulence

Leave a Comment / Economy, England, Finance, News /

  UK small and medium-sized enterprises (SMEs) could unlock up to £78.1 billion in economic value by adopting artificial intelligence (AI) technologies, signalling a major opportunity to boost national productivity and business resilience. The report, commissioned by Microsoft and consultancy WPI Strategy, highlights a significant AI readiness gap among UK SME, despite widespread awareness of

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Government outlines ten-year R&D funding to transform UK economy

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  The government has set out new ten year funding for research and development (R&D) to help boost efficiency, attract greater private investment and grow the UK economy. The plan aims to promote long-term funding for infrastructure and innovative technologies such as quantum computing by giving greater certainty to leading research organisations who are tackling critical

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Business debts to HMRC average £28bn per month as ‘tariff trauma’ bites

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  Business arrears to HMRC are running at an average of £28bn per month, as companies grapple with rising National Insurance (NI) costs and economic shockwaves from US tariff increases. Official figures, obtained by HMRC under the Freedom of Information (FOI) Act have revealed the extent of unpaid debts being pursued by the taxman across

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UK economy expands 0.5% ahead of tariff impact and trade wars

Leave a Comment / Economy, England, Figures, News /

 The UK economy grew by 0.5% in February, according to ONS, surpassing expectations ahead of the incoming impact of tariffs and trade wars. City of London economists had predicted a rise of just 0.1%, but ONS has reported a surprise rise driven by a boost in manufacturing and production, helping to overturn a modest dip

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Two-thirds of UK businesses cutting staff due to economic uncertainty

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 Two-thirds of UK companies are considering axing jobs due to economic uncertainty, according to a new major study.  The findings, contained in a new research report commissioned by PAYALLY, leading financial specialist with global expertise, revealed that 67% of business leaders were considering slashing headcount to balance the books.   The survey, which quizzed 500

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Equity investment volumes into smaller Scottish businesses bounce back in 2024

Leave a Comment / Economy, News, Scotland, Stats /

   Equity investment levels in Scotland’s smaller businesses grew in 2024, bouncing back from a challenging 2023, according to new research from the British Business Bank. The Bank’s Small Business Finance Markets 2024/25 report found that during the first three quarters of 2024 the investment value of announced equity deals involving smaller businesses in Scotland rose 14.2%

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