Edinburgh-based angel syndicate, Equity Gap, has reached a £25m investment following its most successful year to date. Leveraging additional funding of over £100m for investee companies since its launch, these investments have helped create over 500 high quality jobs in Scotland, worth around £20m each year to the economy. As it stands 37 companies make […]
EQUITY GAP HITS MILESTONE INVESTMENT Read More »
The Insolvency Service has been granted new powers to tackle unfit directors who dissolve companies to avoid paying their liabilities. The new legislation extends the Insolvency Service’s powers, on behalf of the Business Secretary, to investigate and disqualify company directors who abuse the company dissolution process. The Rating (Coronavirus) and Directors Disqualification (Dissolved Companies) Act
TOUGH NEW POWERS TO TACKLE COVID CONMEN Read More »
The man brought in to improve the fortunes of the nationalised Ferguson Marine shipyard is to leave next year, it has been announced. Tim Hair, who spent two years as turnaround director, will be replaced by a new chief executive in February. He was appointed after the shipyard went back into administration in 2019. The
NEW BOSS FOR TROUBLED NATIONALISED SHIPYARD Read More »
A new scheme is being proposed in the Borders in a bid to bring empty homes back into use. More than 1,500 properties in the region are registered as long-term empty which accounts for 2.6% of the local housing stock – which is above the national average. A report to councillors said the most common
COUNCIL’S CASH PLAN TO TACKLE EMPTY HOMES Read More »
Lloyds Bank, Halifax and Bank of Scotland have introduced new home mover house purchase mortgages for borrowers with deposits as low as 10 per cent. The deals will broaden out the banks’ low deposit offering beyond only first-time buyers, to existing homeowners looking to move. New build properties are excluded from the deals and they cannot be used
LOW DEPOSIT HOME LOANS FROM HBOS Read More »
Glasgow-based chartered accountants, Wylie & Bisset, say that Finance Secretary Kate Forbes’ first budget has put funding and spending at its forefront, while sidestepping tax hikes. Warning that Scotland’s economic growth will not return to pre-pandemic levels until 2024, Ms Forbes confirmed that Scotland had suffered an unprecedented ‘economic shock’, triggering extra borrowing powers. GDP
WYLIE & BISSET: SCOTTISH BUDGET FOCUSES ON FUNDING AND SPENDING Read More »
The limit on a single payment using contactless technology could rise to £100 – more than double the current limit. The coronavirus pandemic has led to larger amounts spent via contactless payments, either using cards or devices such as smartphones. It has been less than a year since the limit was raised from £30 to
CONTACTLESS LIMIT MAY TO RISE TO £100 Read More »
