Business

A new fund has been launched by the Industrial Biotechnology Innovation Centre (IBioIC) to enable biotech companies to access specialist facilities, equipment and resources that will help to expand Scotland’s bio-economy and unlock opportunities for growth.

The Scottish Inward Investment Catalyst fund has awarded £60,000 to strengthen ties between overseas businesses and universities in Scotland. The fund, launched by Interface and Scottish Government in December, supports Scotland’s ambition to be a leading destination for inward investmen

Edinburgh-based investment manager Par Equity has led its largest-ever seed round, with a $5.1 million investment into Manchester-headquartered startup SamsonVT, alongside US venture capital firm Blumberg Capital. SamsonVT has developed Industry 4.0 solutions that are transforming product maintenanc

The Scottish National Investment Bank (SNIB) has committed £30 million of funding for the expansion of Aberdeen Harbour, the largest marine infrastructure project in the UK.

In the fourth quarter of 2021, the Scottish vacancy rate decreased to 16.1%, from 16.4% in Q3, according to the latest figures published by the Scottish Retail Consortium (SRC) and the Local Data Company.

Scotch whisky giant Diageo has reported net sales of £8 billion, an increase of 15.8%, across all UK regions in the second half of 2021. Organic net sales grew 20.0%, which the firm said was driven by strong double-digit growth across all regions, supported by effective marketin

Real estate advisor CBRE has announced it has secured a new office in Glasgow for Eaton Corporation, a power management solutions firm.

Growth capital investor BGF has reported continued strong momentum over the last 12 months, investing close to £60 million within the Scottish growth economy. BGF is a long-term investor, making initial investments between £1m to £15m for a minority equity stake.

Standard Life Private Equity Trust, a fund managed by abrdn, has posted a Net Value Asset (NAV) total return of 37.9% for the eyar ended 30 Deptember 2021, compared to 11.7% in 2020. This figure compares to 27.9% for the FTSE All-Share Index.

Social Investment Scotland (SIS) has provided Shawlands-based Flair Gymnastics with a £112,000 funding package to refurbish the premises. The club secured £112,000 from SIS, comprising a £60,000 loan to revamp the gym equipment and £52,000 in grant funding through the Adapt a

North-east environmental technology firm, Recycl8, is expanding its team to drive continued growth and enter the global renewable energy market. With multibillion-pound offshore windfarm projects recently being awarded development rights around the coast of Scotland, this vital industry is set for a

Almost 90% of global financial services investors are planning to establish or expand operations in the UK in 2022, according to EY’s latest UK attractiveness survey, representing the highest level of confidence since EY started attractiveness analysis. Sentiment around planned investment into

Decom Engineering has opened a new facility near Aberdeen, investing more than £250,000 to set up a base at Potterton near Dyce. The 6,000 sq ft facility will be used for equipment testing and storage, hosting customer trials days, and it will allow faster deployment of Decom’s asse

Three of Scotland’s most innovative SMEs have secured a global audience spot at the CAN DO Innovation Summit after entering a competition to appear on the events #SMEstage. The successful candidates; FC Laboratories Ltd, Cheemia ReSET and Danu Robotics Ltd, will join a host of world-class spea

BR-DGE, the Edinburgh-based payment orchestration provider, has announced major growth plans for 2022, following a substantial follow on investment from existing shareholders in Q3 2021. Led by Brian Coburn, BR-DGE’s platform promises to revolutionise online payments for merchants by offering