Search: financial focus

Business angel syndicates in Scotland participated in deals which invested over £100 million in young entrepreneurial companies in the financial year to end March 2020.

David Provan, managing director of Hillington-based Provan Sports, which trades as Pitch Teamwear is urging Scottish businesses needing financial support to apply for the government-backed Coronavirus Business Interruption Loan Scheme (CBILS). He has said that businesses should not be deterred

The Law Society of Scotland has today announced a £2.2 million package of financial support for the solicitor profession in response to the coronavirus. The professional body’s governing Council has agreed that, for the 2020/21 practice year:

Results from the latest British Chambers of Commerce (BCC) Coronavirus Business Impact Tracker reveal that the majority of UK businesses did not intend to seek financial support through CBILS bank loans and most of those who had applied were awaiting a decision or had been unsuccessful.

Kilmarnock-based Compass Self Drive car and van rental business is supporting key workers that rely on its services during the coronavirus crisis, thanks to new financial support from Bank of Scotland.

David Shadwell, an experienced financial services sector and SME business adviser, has been appointed as partner within Chiene + Tait’s (C+T) accounts and business support team. A University of Edinburgh graduate, Mr Shadwell returns to the UK after a nine-year spell in New Zealand.

Former UK Treasury official Sir John Kingman has been appointed as the new chairman of Edinburgh-based Tesco Bank. Sir John Kingman has considerable financial services experience gained as second permanent secretary at HM Treasury and chairman of Legal & General.

The latest Red Flag Alert data gathered by Begbies Traynor found there were large numbers of UK businesses experiencing significant financial distress at the end of March 2020, with the overall figure now exceeding half a million (509,000) for the first time.  The research has revealed the larg

Dundee-based Jute Properties will be more able to help its worst affected Business Centre tenants while they deal with the coronavirus crisis, thanks to new financial support from Bank of Scotland. Jute Properties purchased the Dundee One office block in 2017 and has subsequently developed the

The Association of British Insurers (ABI) is warning people to be on their guard against scammers looking to cash in on the financial hardship that coronavirus is causing for many families and firms. Fraudsters could offer bogus insurance products and high-risk investment and pension products. Attem

A temporary payments freeze on loans and credit cards for up to three months are amongst a package of targeted temporary measures confirmed by the Financial Conduct Authority (FCA) today to help people negatively affected by the coronavirus pandemic. Following a short consultation, the FCA will

Scottish businesses are threatening the Scottish Government with court action in order to claim grants they believe they are entitled to, as firms face financial difficulty amid the coronavirus crisis.

A £5 million package of emergency financial support has been announced by the Scottish Government in order to help students facing hardship as a result of the coronavirus outbreak. Extra cash will be made available to any university and college students now struggling as a result of COVID-19,

Chartered accountants Wylie & Bisset is advising professionals and other intermediaries with business clients concerned about financial distress resulting from the current social distancing measures to consider a DAS Debt Payment Programme. A Debt Payment Programme under the Business Debt Arrang

Steven McKay, head of employee benefits at chartered financial planners Mearns & Company, discusses the coronavirus pandemic and employee benefits. At Mearns & Company, we understand the disruption that the outbreak of COVID-19 has caused to everyone’s daily lives.