Economy

HSBC LAUNCHES FUND FOR SCOTTISH SME BUSINESSES

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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 […]

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SCOTLAND REMAINS A MAGNET FOR GLOBAL COMPANIES

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The publication of EY’s latest annual attractiveness survey confirms that Scotland has once again been named the most attractive location for inward investment in the UK outside of London. In a quite outstanding year, Scotland secured 14% more Foreign Direct Investment (FDI) projects in 2021 (122) compared with 2020 (107).  In comparison, there was a

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NEW MEASURES TO SUPPORT SMALL BUSINESSES UNVEILED

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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

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NEW DATA GIVES A CLEAR PICTURE OF EMPLOYEE OWNERSHIP

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Paul Heat Recovery Scotland Director Stefan Huber (In the centre) with two of the employee trustees New research commissioned by Co-operative Development Scotland (CDS), part of Scottish Enterprise, has given the clearest picture yet of Scotland’s employee-owned businesses* (EOBs) and their economic contributions Conducted by academics from the University of Leeds, University of New South

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RISING COST OF LIVING CAUSES ALMOST A QUARTER OF SCOTTISH BUSINESSES TO BE HIT WITH LATE PAYMENTS

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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

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APPEAL OF CITY LIVING LEADS TO RENT INCREASE IN SCOTLAND

Leave a Comment / Covid, Economy, Stats /

The appeal of city living has been reignited across Scotland with new figures showing a resurgence in demand for urban homes that has pushed rents to record highs. The latest quarterly report from letting specialists Citylets shows prices for rental properties in Edinburgh, Glasgow, Dundee and Aberdeen have all increased significantly – while demand continues to outstrip supply. Nationally

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CHARTERED ACCOUNTANTS URGE SME’S TO PREPARE FOR ECONOMIC CHALLENGES

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With business reports highlighting that inflationary pressures and supply chain issues are expected to have a marked impact on SMEs; Chartered Accountant Wylie & Bisset is advising business owners to react quickly to these economic challenges. With annual UK inflation on the consumer prices index measure projected to top 10% this year, Mark Mulholland (pictured

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SCOTLAND WARNED ITS “PUNCHING ABOVE ITS WEIGHT” WITH FOOD & DRINK EXPORTS

Leave a Comment / Brexit, Covid, Economy, Food & Drink, Hospitality /

Scotland was among three areas of the UK which saw the strongest recovery last year in response to the challenges of the pandemic and Brexit, according to a report by the Food and Drink Federation. It found that Scotland’s recovery has largely been driven by strong growth in exports of drinks and seafood products, which

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SCOTTISH FIRMS FACE RISING INFLATION

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Scottish businesses have positive expectations for activity levels, employment and turnover, but also report that inflationary pressure and supply chain issues pose challenges in the year ahead. The latest Addleshaw Goddard Scottish Business Monitor, which surveyed 500 firms in April, revealed that all sectors of the Scottish economy recorded large net balances for their volume of

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CATCHING ECONOMIC OPPORTUNITIES AT WORLD’S LARGEST SEAFOOD EVENT

Leave a Comment / Covid, Economy, Food & Drink, Hospitality /

Scotland’s globally renowned seafood sector was on display to thousands of industry professionals at the world’s biggest seafood trade fair that took place on Tuesday. After a two-year pause due to COVID-19, ‘Team Scotland’ returned to the Seafood Expo Global which this year takes place in its new home, Barcelona.  Organised by Scottish Development International

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