Finance

Only 2% of VC Funding goes to female and ethnic minority founded businesses

The Treasury Committee is challenging the lack of diversity in the venture capital industry as only 2% of funding goes toward female founded and ethnic minority businesses, according to new report. The Committee also found that 80% of investments went to the “Golden Triangle” of London, Oxford and Cambridge, with the capital receiving almost half […]

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British Business Bank forms partnership to drive female angel investment

The British Business Bank is working with Scotland’s women-led angel investment syndicate, Mint Ventures to improve access to finance for female business owners and to grow the pool of women angel investors. With support from the Bank, Mint Ventures is raising awareness of the opportunities available to female investors and highlighting the potential barriers that

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AI threat to Scottish finance jobs yet to fully materialise

A major finance recruiter has warned that the sector must embrace the wave of transformation resulting from artificial intelligence (AI), but that the jobs market is yet to be significantly impacted. With financial services widely tipped as an industry set to experience significant change from the rapid development of AI, the leading Scottish financial recruiter

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Report says AI will boost UK economy by £400 billion

The rise of artificial intelligence (AI) has the potential to boost Britain’s economy by £400 billion by the end of the decade, according to a report by Google In the tech giant’s first report on its economic impact in the UK for three years, Google said AI technology has the power to “turbocharge” UK productivity,

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PM and Chancellor urged to unlock billions in economic boost through government investment

Rishi Sunak and Jeremy Hunt have been urged to ramp up government investment spending to unlock a £149bn economic boost, according to a report by the Institute for Public Policy Research (IPPR). The IPPR stated spending on expanding quality projects such as renewable energy infrastructure and improving transport networks could “pay for itself” by retaining

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SCOTTISH BUSINESS OWNERS STEP IN TO SUPPORT EMPLOYEES DURING COST OF LIVING CRISIS

Business owners in Scotland have been stepping in to support their employees as the cost of living continues to put financial pressure on individuals according to new research from Rathbones. According to research by Rathbones, 44% of Scottish business owners have provided their employees with regular financial support, while a further 22% have given a

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MANY SCOTS PLANNING TO CUTBACK ACCORDING TO NEW RESEARCH

More than three quarters of Scots are concerned about their current financial situation, according to a new survey from Glasgow Credit Union, one of the UK’s largest and most successful credit unions. The survey of almost 10,000 people across West and Central Scotland found that the vast majority (88%) are keeping a closer eye on

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WEST MIDLANDS SMES BOOSTED BY RECENT INVESTMENT

A new investment fund worth £25 million has been launched to help West Midlands businesses expand. The West Midlands Co-Investment Fund, investments will be focussed on SMEs that offer high-growth potential in sectors such as green technology, advanced manufacturing, life sciences and creative and digital. The West Midlands Combined Authority is putting £12.5 million into

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NEW INVESTMENT FUND FOR SCOTLAND PREPARING FOR SUMMER LAUNCH

The British Business Bank is on course to launch a £150 million investment fund this summer, aimed at driving the growth of small and medium-sized businesses in Scotland. The Investment Fund for Scotland is one of a series of Nations and Regions Investment Funds being launched by the British Business Bank which will deliver a

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