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Firstport and Social Enterprise Scotland has launched a new Catalyst Fund offering £50,000 loans to support social enterprises to start and scale their businesses. The Catalyst Fund offers loans using a flexible, revenue-based repayment model. This unique model enables social enterprises the f

New legislation coming into force from 30th April for prepack administrations is set to impose a new 8-week window in which the assets of an insolvent business cannot be sold to a connected party without the consent of creditors, or a report from an independent evaluator recommending that the prepac

The soaring number of people working in Scotland’s public sector could pose taxation issues for the next Scottish Government, Glasgow-based MCC Accountants has said. New figures have revealed the 573,200 people employed by the state is the highest since 2013, and represents 21.8 per cent of th

Two in five (39%) SME owners say the stress of COVID-19 has caused them to experience sleep problems or insomnia, according to a new study from small business insurer Simply Business.

Scottish challenger Alba Bank backed by industrialist Jim Mccoll has launched a £5 million series A funding round. The early-stage investment will facilitate aspiring challenger Bank Alba' transition to second-stage operational status under a restricted license.

Musselburgh-based printing company Ivanhoe Caledonian recently received a £100,000 COVID Working Capital Loan from Business Loans Scotland to help with the negative impact of the on-going COVID pandemic.

Specialist lender Reditum Lending has provided Allanvale Land Investments with a bridging loan of £10.8 million for a major residential and commercial development in South Ayrshire.

Royal Bank of Scotland has granted a £10 million funding package to Argyll and Bute-based housing association Fyne Homes Limited to refinance existing loans and enable future growth plans within the business.

Scottish rocket builder Orbex has secured $24 million in a funding round led by BGF and Octopus Ventures.

The Financial Conduct Authority (FCA) has confirmed updated guidance to firms setting out enhanced support that should be available to mortgage borrowers experiencing payment difficulties as a result of coronavirus. 

Aberdeen-based IT provider ITWORX has announced its transition to employee ownership, with 17 staff given a stake in the business. Established in 2010 by Philip Mowatt and Jill Ross, ITWORX provides tailored IT and communications services and solutions to a range of clients. The firm is headquartere

Aberdeen Standard Investments (ASI) has launched a range of sustainable index funds within a tax efficient Authorised Contractual Scheme (ACS) structure aimed at pension funds and other institutional investors. The sustainable index funds each track customised MSCI sustainable equity indices that ha

Metro Bank has suspended businesses from opening new accounts, despite calls from the Bank of England to keep credit flowing.  The lender has stopped the opening of new business accounts due to an influx of demand from businesses seeking bounce back loans for which firms must have a current acc

Guthrie Group, a Livingston-based distributor of health and safety and facilities supplies, has secured £250,000 in funding from the Royal Bank of Scotland to secure the long-term future of the business following the coronavirus pandemic.   The CBILS loan has enabled the business to maint

As the construction sector continues to adapt and ‘re-open’ from the lockdown measures imposed following the spread of COVID-19, property developers are beginning to navigate through the challenges that will be presented in the coming months. We are beginning to see signs of ea