Economy

A THIRD OF WELSH SMES SEE GROWTH FOLLOWING COVID SUPPORT

Almost one third of small businesses in Wales have grown their workforce since the pandemic with nearly half predicting further growth in the next 12 months, new research suggests. Economic Intelligence Wales has published a report looking at the effectiveness of the Welsh Government’s Economic Resilience Fund (ERF) given to SMEs during the Covid-19 pandemic. […]

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ENERGY SECTOR RECOVERY LIFTS ABERDEEN OFFICE TAKE UP

Office take-up in Aberdeen rose by 96% last year compared to 2021, buoyed by the sustained high oil price, according to Knight Frank. The independent commercial property consultancy said that office take-up reached 385,583 sq. ft. in the Granite City during 2022, after 81,231 sq. ft. of office space was transacted in the final quarter

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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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SCOTTISH ENTERPRISE GENERATES MILLIONS IN INNOVATION ACTIVITY

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

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

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

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

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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MIDLOTHIAN COUNCIL AIMS TO SUPPORT LOCAL ECONOMY

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

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