Business

TechHUB, a part of the Northern Innovation Hub (NIH), has secured £3.2 million from HIE to create a food and drink techonolgy centre. The funding includes £1.2m from the UK government as part of Inverness and Highland City-Region Deal.

Mark Logan has been appointed chief entrepreneur for Scotland as part of the national strategy for economic transformation. The new role's focus is to embed entrepreneurship in the economy, and that partnerships with industry and investors are prioritised and strengthened.

Edrington Group, the owner of The Macallan and Famous Grouse whisky brands, has seen its profits rise by 58% in the 12 months to March 2022. The firm's profits before tax came in at £271 million, while it benefitted from a 45% increase in core revenue to £821.2m and a 53% rise in core co

UK Export Finance, the UK’s export credit agency, has provided £6 billion in financing for UK SME exporters over the past 12 months as they continue to promote Britain as the champion of free trade.

The Scottish billionaire brothers, Sandy and James Easdale, have unveiled plans for their latest £2 million drive-through coffee location in Port Glasgow and are planning a raft of locations to follow across the UK. The new project will replace a former Department of Works and Pensions buildin

An Edinburgh Napier student has become the inaugural winner of the University’s Appin Entrepreneurship Award. Student Kael Begbie – known as The Hoagie Man – scooped the top prize of £2,000 after coming out top in the competition held at Edinburgh Napier’s Bright Red Tr

Asset and wealth management firm AssetCo, run by Martin Gilbert, has axed a controversial bonus scheme for its executives after strong criticism from shareholders. In September last year, the firm's remuneration committee began a review of the Long Term Incentive Plan (LTIP), in an announcement toda

Swurf, a new Edinburgh-headquartered start-up that connects remote workers with spaces and hosts, has secured funding and support from two investors as the ambitious business expands south and targets global growth. Gareth Williams, co-founder of Skyscanner, and Anna Lagerqvist Christopherson, co-fo

abrdn has extended its existing £16.5 billion MyFolio franchise, launching the MyFolio Sustainable Index range. The range of five risk targeted multi-asset fund of funds has been designed to be closely aligned with the MyFolio Index range with sustainability considerations included.

Hundreds of consumers across Glasgow and Renfrewshire have have signed up to a trial offering households free broadband for three months launched by Glasgow-founded Brillband, the company behind the app-based broadband technology. A waiting list to join the no obligation trial is now open and alread

Scottish renewables company Renewco Power has announced its expansion into the US with the acquisition of several key projects. Renewco has agreed on a deal to acquire a 1.5GW pipeline of early stage utility-scale solar projects alongside 500MW of battery storage projects from Beaufort Rosemary, a V

Highlands and Islands Enterprise (HIE) has opened up applications for the third round of its Young Business Capital Investment Grant (YBCIG). Open to companies with up to 250 full-time equivalent employees, young businesses and social enterprises in the Highlands and Islands that want to increase pr

R&D tax credit specialist firm Amplifi Solutions has added to its client base in Scotland, with digital transformation specialist ClearSky Logic, mobile ticketing and sports fan experience startup Fanbase, and European candle-making supplier Candle Shack. Jamie Watts, commercial director of Ampl

Two fast growth businesses from Scotland have been shortlisted to pitch to industry experts as part of KPMG’s global search for the UK’s next tech disruptor. Novosound, an ultrasound imaging firm, was crowned the winner of KPMG UK’s Emerging Giants Tech Innovator Scottish heat in G

Scottish renewable energy company, Orbital, reached a significant operational funding milestone with financing from the Scottish National Investment Bank (SNIB).