Business

The majority of Scottish firms believe AI adoption will be a key growth driver in the country’s economy, according to Bank of Scotland’s Business Barometer, as many report AI-related increases in productivity and profitability. More than half (52%) of Scotland’s businesses believe

The UK government’s new Modern Industrial Strategy has been met with cautious optimism, as its key aims appear to align with the pressing needs of Scotland's manufacturing sector, according to accountancy firm MHA. Over the weekend, MHA revealed the findings of a survey that asked manufacturin

Fife-based supplier of artificial flowers and home accessories, Scottish Everlastings, has been acquired by entrepreneur Edd Salter in a deal supported by a £2.3 million funding package from HSBC UK.

Nearly three-quarters of Scottish manufacturing businesses expect to grow between 3-10% in the next year, according to a new report released by MHA. Despite citing cyber security, tax increases, skills shortages, energy costs and regulation as their biggest challenges, the vast majority surveyed for

More than 80% of small and medium-sized enterprises (SMEs) in Scotland believe the viability of their business is at risk over the next 12 months, according to new research from Aberdein Considine. The survey, carried out by Censuswide on behalf of the legal firm, highlights the mounting economic pr

Aberdeen-based Visas2, a newly established company in the global mobility sector, has strengthened its market entry through the strategic acquisition of London-based Visa Group. The move combines proven industry expertise with technological innovation, bringing together Neil Thomson – founder

Businesses with operating leases for offices, warehouses, retail spaces, vehicles and other high-value equipment will soon need to prepare for significant changes that will impact how they are accounted for in their financial statements, according to Armstrong Watson. The majority of businesses will

Law firm Wright, Johnston & Mackenzie LLP (WJM) has announced its financial and expert support for a new programme aimed at fostering the growth of Gaelic entrepreneurs. It has pledged financial support to the Gaelic Business Accelerator Programme – Cruthachadh Chothroman – run by Hi

A 20-year-old award-winning hospitality entrepreneur is gearing up for a busy summer of events in Dumfries and Galloway, following a funding boost from Start Up Loans to support the expansion of his business’s headquarters at the family farm in Sanquhar. Knockenhair Hospitality is run by Harry

Scottish business activity saw a modest return to growth in May, marking the first increase in six months, according to the latest Royal Bank of Scotland (RBS) Growth Tracker. The index, which measures combined output from the manufacturing and service sectors, rose to 50.5 from 47.4 in April, signa

A commercial diver training company in Argyll is exploring the potential to expand the business to include closed bell diver training.

Business confidence in Scotland rose 12 points during May to 52%, according to the latest Business Barometer from Bank of Scotland. While companies in Scotland reported lower confidence in their own business prospects month-on-month, down four points at 57%, firms’ optimism in the economy rose

A lack of access to critical resources is placing Edinburgh start-up businesses at risk, according to new research from HSBC UK.    The data, taken from a survey of 1,000 UK entrepreneurs, found that 30% of Edinburgh founders lack the resources and support they need to start their business

Speciality chemicals manufacturer and agricultural life science company Syngenta has been awarded £2.2 million from Scottish Enterprise towards a £14.7m project to expand production at its Grangemouth site, creating 38 new jobs and safeguarding 14 existing roles The grant was announced d

ReVentas, a Scottish start-up pioneering plastic dissolution recycling, has secured its Series A funding to enable the scaling of its plastic recycling technology from pilot plant to commercial operation over the next 3 years.