Figures

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

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  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

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

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 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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More CFOs will axe AI investment if it doesn’t show ROI next year

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

  Four out of five Chief Financial Officers (78%) have expressed a desire to increase their investment in AI over the next 12 to 18 months, recognising its value in transforming financial operations, but admit they ‘don’t know where to start’, according to a new global survey. While this signals growing confidence in AI, it’s

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Scottish shipbuilding revival could boost economy by £342m a year

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  The latest analysis from finance expert, RIFT has shown that despite the steep decline from the glory days of the 1900s, Scotland’s shipbuilding industry has remained steadily consistent in recent years; however, a push to rebuild the sector could bring a potential boost of £342 million to the Scottish economy. In the early 1900s,

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Investment Fund for Scotland commits £5 million to support growth of smaller businesses

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The British Business Bank’s Investment Fund for Scotland has agreed £5 million of deals to support the growth of small businesses, just six months since the fund was launched to improve access to finance and provide a boost to the Scottish economy. The milestone comes as five new debt funding deals, managed by FSE Group,

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Wylie & Bisset forecasts an insolvency explosion

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Wylie & Bisset, Accountants and Business Advisers, is forecasting an explosion in the number of winding up orders and company insolvencies as HMRC tackles a massive backlog of debt by enlisting private debt collectors to pursue billions of pounds in unpaid taxes. Under Chancellor Jeremy Hunt’s proposals, as part of a major crackdown spearheaded by

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New report shows peatland restoration could bring Millions to North Highlands and affirms a community-focused approach to investment

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A pioneering study commissioned by The Flow Country Partnership and North Highland Initiative (NHI), funded by Highlands and Islands Enterprise, measuring the economic impact and business potential of peatland restoration has revealed the economic impact could reach £400 million for the local area over 18 years. By widening access to allow smaller scale farmers and

New report shows peatland restoration could bring Millions to North Highlands and affirms a community-focused approach to investment Read More »

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