Business

A planning application has been submitted for a new Scotch whisky distillery at Portavadie on the Cowal Peninsula in Argyll and Bute. The new whisky distillery will produce high quality single malt whisky, there will also be a visitors center to take in the beauty of the surroundings. The distillery

Knight Property Group has secured a new tenant for its prime retail offering at 67 George Street, in the heart of Edinburgh city centre. The Cambridge Satchel Company is relocating from an existing store on George Street and has agreed a ten-year lease on the 1,436 sq ft retail unit, which is arrang

Occupier and investor demand for commercial property in Scotland fell further, according to the latest Royal Institution of Chartered Surveyors (RICS) Commercial Property Monitor. The survey points to a weakening in the market as the prospect of further interest rate rises weigh heavily on the outlo

Scotland’s first dedicated horror entertainment business of its kind has successfully grown and sought out new business opportunities after working with Business Gateway. Northern Frights was founded in 2022 by Laura Ripley after she left a 14-year career in oil and gas.

Global Surface Intelligence (GSI), the Edinburgh-based geospatial company, has agreed a seven-figure investment package from Alter Technology TUV Nord Group (TUVN) for a minority stake in the business. As a result TUVN will take a seat on the board and also have a board observer. Both Par Equity and

Pelion, a global Internet of Things (IoT) connectivity business, has secured significant growth equity funding from Scottish Equity Partners (SEP) to allow the company to further grow independently, and invest further in product development, sales and customer support. The Glasgow-headquar

Regional airline Loganair has reported a return to profitability posting a pre-tax profit of £4.98 million in the financial year to 31 March 2022 – while also celebrating its 60th anniversary this year. The Glasgow-based company released its audited accounts, showing a turnover of &

Environmentally friendly space rocket manufacturer and satellite launch provider Orbex is preparing to expand its operations after it received a £17.8 million investment from the Scottish National Investment Bank. The scale-up support, which is part of an overall £40m Series C funding ro

The Scottish Government has set its focus on nurturing economic ties with the US and Canada as currently trade minister Ivan McKee is on a trade visit to the two countries in a bid to strengthen economic connections, attract investment into Scotland and boost exports. It comes the same week as the S

Glasgow-based DamGoodDrams, an ecommerce platform specialising in independent spirits, has planned the launch its own line of whisky and aims to take its business overseas. Founded in October 2020, DamGoodDrams sells a range of independent whiskies. The company had a successful first year and, as th

Ledingham Chalmers has set aside £200,000 to support staff with the rising cost of living as it records an increase in profits from £4 million to £4.1m. Announced at the same time as the Aberdeen-headquartered firm’s financial results, this bonus means each member of staff em

TL Dallas, the only independent insurance broker located on the Shetland Islands has expanded with the appointment of Liam Peterson, increasing the size of the team to six. The firm is due to celebrate its 30th anniversary next year. TL Dallas opened in Lerwick in April 1993.

The figure signified an 86% surge since 2010. Scottish financial and related professional services accounted for around £8.8 billion of exports in 2020, according to a new report published by TheCityUK.

Scottish Sea Farms is to provide cost-of-living support payments to its employees to help ease the impact of soaring fuel bills and food prices this winter. The support, totalling £750 for each employee, will be paid in three instalments.

A state-of-the-art £36 million superfactory will secure the Scottish future of a company crucial to the whisky industry, thanks to £3.3 million in funding. The huge investment includes a £3.3m grant from Scottish Enterprise and will see Guala Closures Ltd continue their operat