Figures

ECONOMIC IMPACT FOR THE FIRST YEAR OF LEICESTER DEVELOPMENT REVEALED

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New figures suggest Space Park Leicester has generated some £89 million for the economy in its first 12 months. The £100 million development, led by the University of Leicester with backing from the Leicester and Leicestershire Enterprise Partnership and city council builds on the university’s decades of expertise in space research, innovation and education. It […]

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GYM CHAIN MAKES FRIST PROFIT IN YEARS AFTER ATTRACTING NEW MEMBERS

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Total Fitness returned to the black for the first time since 2015 during its latest financial year after its turnover returned to near pre-pandemic levels. The Cheshire-headquartered gym group has reported a pre-tax profit of £961,000 for the 12 months to June 30, 2022, up from the £8.5m loss it posted in the prior 18

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NORTH EAST BUSINESS LEADERS WELCOME MAJOR DEVOLUTION DEAL

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An expanded devolution deal for the North East has been welcomed by business groups in the region. The £4bn deal – which will extend the current arrangements in the North of Tyne to cover Tyne and Wear, Northumberland and County Durham – aims to create 24,000 extra jobs, deliver 70,000 courses each year and leverage

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SCOTTISH ENTERPRISE GENERATES MILLIONS IN INNOVATION ACTIVITY

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Scottish Enterprise’s support is forecast to generate £709.74m of Scottish innovation expenditure. The agency approved £120m in grant funding and equity investment for innovation activities in the 2021-22 financial year, which is now calculated to deliver a further £502m innovation investment from the private sector as well as £86m from public sector partners. A total

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BID SPECIALIST SEES RECORD TURNOVER AS COVID RECOVERY CONTINUES

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AM Bid, Scotland’s leading bid and tender specialist, is pleased to report a record turnover in excess of £1 million for the second year in a row as it continues to recover from the impact of Covid-19. Figures to the year end 30 September 2022 saw the company post increased revenues of £1,153,165 compared to

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EQUITY INVESTMENT IN SMALL SCOTTISH BUSINESSES RISES

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Equity investment levels in Scotland’s smaller businesses continued to rise during the first half of 2022, despite well-publicised economic headwinds, according to new research published this week as part of the British Business Bank’s annual Nations and Regions Tracker.  A total of £411m was invested between January and June 2022, more than the same period

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SCOTTISH HOSPITALITY MISSING OUT ON MILLIONS FROM ST ANDREWS DAY

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A leading brewing industry veteran and Scotland’s National Chef, Gary Maclean (pictured above) have called on the Scottish retail and hospitality trades to get behind a new campaign to make the country’s National Day – St. Andrew’s Day – a major moment in the annual calendar. Nigel McNally who spearheaded the trade rebirth of St.

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SPFL ANNOUNCES RECORD TURNOVER & PAYMENTS TO CLUBS

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The SPFL has today announced record financial results for Season 2021/22, with its highest-ever turnover of £39,523,000 (up 7% from £36,784,000 in 2020/21). The accounts also reveal that club fees for Season 2021/22 were £29,717,000 (up 5% from £28,358,000 in Season 2020/21). Additional payments to clubs included prize money and television facility fee payments from

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SCOTTISH INNOVATORS BRING IN MILLIONS IN FIRST HALF OF THE YEAR

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Recent KPMG UK figures have shown that fast growth businesses in Scotland attracted over half a billion pounds of venture capital (VC) investment in the first half of 2022, despite investors becoming more cautious globally. There were 45 investments completed in Q2 2022, raising over £325 million for Scottish scale ups. In the previous quarter, 41 deals

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AVERAGE HOUSE PRICE IN SCOTLAND HAS RISEN SIGNIFICANTLY

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The average price of a house in Scotland has risen above £200,000 for the first time. According to the Halifax house price index, the average cost of a home north of the border is now £201,549 which is up from this time last year when the average was £18,142. Significantly Halifax’s figures show that house

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