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Finance secretary Kate Forbes has called on the UK Government to prioritise public services and economic recovery through a fresh fiscal stimulus package of £98 billion, ahead of the Spending Review on Wednesday. This support, which is at least 5% of GDP, would be on par with the economic reco

The Scottish National Investment Bank (SNIB) has officially opened for business with the completion of its first major investment. It is the UK’s first mission-led development bank and it is being capitalised by the Scottish Government with £2 billion over ten years.

Jim Lockhart, accounting partner at accountancy firm Armstrong Watson Glasgow, is urging Scottish businesses to go back to basics in face of declining confidence and falling demand. Last week saw the publication of both the ICAEW Business Confidence Monitor (BCM): Scotland for Q4 2020, and the

Edinburgh-based Zumo has announced a £10 million Series A funding round to meet the demand of the growing crypto-curious market and take the benefits of cryptocurrency mainstream. Zumo is the non-custodial wallet and payments platform that allows traditional money and cryptocurrency to work se

Ahead of the Spending Review, accountancy and business advisory firm Azets is calling on the Chancellor to take five practical steps that will support business and help deliver growth across the regions. Fraser Campbell, head of UK accounts and business advisory services, at Azets, said: &ldquo

A new petition calling for the Scottish Government to ‘tweak the tiers’ is already gaining momentum after it was launched last week by the Scottish Hospitality Group (SHG).

The Treasury, the Bank of England and the Financial Conduct Authority (FCA) will be convening an industry working group to facilitate investment in productive finance. Investment in productive finance refers to investment that expands productive capacity, furthers sustainable growth and can make an

Shepherd and Wedderburn’s corporate finance team has reported strong deal activity with a combined value exceeding £2 billion in the six months fo 31 October 2020. The team has reported a busy first half of the 2020/21 financial year, supporting clients with strong and sustained deal act

Cynergy Bank, the former British arm of the Bank of Cyprus, has secured a deal with Google and Wipro Limited to provide a 'digital relationship bank' which combines digital and personal banking services. The trio has said that their service will differ from other start-ups as it will

A coalition of small business leaders, tax experts and company directors have detailed the measures needed to address a government shortcoming which has left thousands with no income support throughout months of COVID-linked disruption.

The Scottish Government has launched a survey to gather views on designated economic zones such as Enterprise Areas and the freeport model. Businesses, stakeholders and public sector organisations are being consulted on the use of place-based zoning incentives to boost economic recovery and growth i

The Crieff Hydro Group has invested £500,000 in its distillery as the Perthshire hotel prepares to relaunch its gin brand 1881. The investment arrives as the sixth generation of the hotel group’s owners, the Leckie family, has been appointed to operate the distillery and accele

The latest figures from the Association of British Insurers (ABI) have revealed that the number of people accessing their pension as a flexible income has increased by 56% between April and September this year. However, withdrawals of all types still remain below 2019 levels.

A broken pocket watch once owned by Mahatma Gandhi has been sold at an auction for £12,000. It was estimated that the silver-plated Swiss watch would sell for up to £10,000 at the East Bristol Auctions last Friday.

Dunfermline-based Deanestor, one of the UK’s leading furniture and fit-out specialists, has delivered its largest ever contract in the education sector. The £3 million project was for the manufacture of bespoke furniture and fitout of the new £55m Inverurie Community Campus –