Midlothian Council has been allocated £1.36 million from the Scottish Government to support local economic recovery and the impact of the cost of living crisis on low-income households. The funding is part of an £80 million Local Authority COVID Economic Recovery Fund distributed to councils across Scotland. £398,781 will be spent on business support projects […]
MIDLOTHIAN COUNCIL AIMS TO SUPPORT LOCAL ECONOMY Read More »
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
SCOTTISH INNOVATORS BRING IN MILLIONS IN FIRST HALF OF THE YEAR Read More »
Ticket sales for this year’s Edinburgh Fringe have been slower than organisers would have hoped, with the cost of living crisis believed to be major factor Assembly, one of the Fringe’s biggest operators, said ticket sales have not yet returned to pre-pandemic levels. Edinburgh is set to host more than 3,000 shows when it starts
COST OF LIVING COULD BE IMPACTING THE FRINGE Read More »
New data from financial mutual Scottish Friendly reveals investment activity in Scotland fell to its lowest level in nearly three years during the second quarter of 2022. The Scottish Friendly Investor Index tracks sales of adult investment ISA policies and the total value of these new policies among its UK-wide customer base, with quarterly activity
INVESTMENT LEVELS IN SCOTTISH HOUSEHOLDS REACH THREE YEAR LOW Read More »
Trade Secretary Anne-Marie Trevelyan is launching free trade negotiations today between the UK and the Gulf Cooperation Council (GCC) that could provide a huge boost to hundreds of Scottish businesses. A free trade agreement with the GCC, made up of Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the UAE is estimated to bring a boost
HUNDREDS OF SCOTTISH BUSINESSES SET TO BENEFIT AS UK LAUNCHES NEW TRADE DEAL Read More »
Over 50% of British business owners don’t know the best option for financing their business, according to recent research from business launchpad platform, Start My Business. Start My Business commissioned the polling of 500 CEOs and decision makers, via Censuswide, for UK businesses, to observe the financial understanding and awareness of business owners in a
MANY BRITISH BUSINESS OWNERS ARE UNSURE HOW TO ACCESS BUSINESS FINANCE Read More »
The Scottish investment sector is paying between 15-20% more in retention salaries just to keep hold of staff working in specialist finance and client services roles. Staffs working in areas such as tax and audit, Socially Responsible Investment, Environmental, Social, and Governance, risk and compliance and business change, are part of a skill-set “hot-spot” due
DEPLETED CANDIDATE POOL LEADS TO INCREASE IN RETENTION COSTS Read More »
L-R: Emma MacDonald & Fergus MacDonald Owners of Tartan Blanket co HSBC UK has launched a £15bn lending fund today for small and medium sized businesses with £1 billion ring-fenced to support local economies, employment opportunities and drive growth across Scotland. Whilst concerns about the broader market remain, HSBC’s customers are thinking about growth via investment, acquisitions and
HSBC LAUNCHES FUND FOR SCOTTISH SME BUSINESSES Read More »
Legislation to support smaller businesses to raise finance, helping them maintain income and address rising business costs has been published. The Moveable Transactions (Scotland) Bill will give new opportunities to small and medium-sized enterprises (SMEs) and other businesses, allowing them to raise finance by securing funds against largely untapped assets like vehicles, plant and machinery
NEW MEASURES TO SUPPORT SMALL BUSINESSES UNVEILED Read More »
According to new research from Barclays, 24% of Scottish small or medium-sized enterprises (SMEs) have seen the number of late payments they receive increase since the cost of living has gone up. The new findings indicate that rising prices have started to impact payments between businesses, as 19% of SMEs said that they’re finding it
