Business

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

New figures published by Purbeck Personal Guarantee Insurance have revealed a 123% year on year increase in business loans secured with personal guarantee attached in the UK. The firm said that while working capital remains the prime reason for new funding with 28% of loans secured for this reason.

The bid is expected to be announced later this month. Some of Scotland’s most prominent business leaders have united behind the Clyde Green Freeport bid and have urged both the Prime Minister and First Minister to back the deal later this month.

The need for flexible, energy-efficient office space is set to drive the market across the central belt of Scotland into 2023, according to new data from commercial property specialist JLL. During Q3 of 2022, Edinburgh saw occupier activity remain robust with 166,000 sq ft leased, a 16% rise compare

Scotland’s Internet of Things (IoT) accelerator, Smart Things Accelerator Centre, has marked its first anniversary by making a string of senior appointments to its team. Former Scottish Enterprise managing director and interim CEO Linda Hanna is now in place as STAC’s head of partnership

EODEX, which specialises in the safe and environmentally friendly removal and disposal of unexploded ordnance (UXO) around the world, has expanded its operations at Aberdeen Energy and Innovation Parks in the Bridge of Don, having agreed a new two-year lease with Moorfield Group, the Parks’ ow

Murray Capital has recorded double-digit growth in turnover, profit, and shareholder funds in annual accounts filed with Companies House today (Wednesday 12 October). Murray Capital is a family-run business whose principal activities are the development of land for the residential and commercial sec

The Edinburgh International Conference Centre (EICC) is set for a return to pre-pandemic level of activity in 2023, and is aiming to increase North American as Edinburgh's profile rises on the global stage. The venue has experienced a strong rebound in association and corporate business, since