Business

Rapid reform is required as more than three quarters of firms are struggling to recruit new staff, says the British Chambers of Commerce (BCC). New data released by the BCC show that the construction, manufacturing and hospitality sectors are facing the most severe shortages and firms’ re

Lloyds Banking Group has announced its new Sustainability Finance Framework, outlining support to help housebuilders access finance to build more homes with higher sustainability standards. The framework sets out how the group will help housebuilders access finance to build more sustainable homes th

A new strategic advisory firm headquartered in Aberdeen has been formally launched today. True North, created in a partnership between Geoff Aberdein and Fergus Mutch, specialises in public policy insight, advocacy expertise and impactful communications strategies for a range of businesses and

An HR business founded in Edinburgh has doubled in size since joining the AAB Group 12 months ago. Purpose HR was founded by Lisa Thomson in 2014 and in July 2021 the business joined AAB Group.

New data shows that small businesses founded at Scottish universities accounted for the highest number of equity investment deals to UK spinouts last year, according the British Business Bank. Of the 211 equity deals involving spinouts across the UK during 2021, 44 (21% of the total) came from Scott

Johnstons of Elgin has reported a pre-tax profit of £3.9 million after a 28% rise in sales for the last year. The family-owned textile firm has a positive outlook as the business is expected to recover to pre-pandemic levels this year. However, the positive outlook comes with expectations of p

A Dundee gym has closed down this week due to financial difficulties.

Scottish-based rocket company Skyrora has opened a new rocket engine manufacturing and production facility, the largest of its kind in the UK. After recently opening its engine test facility in Midlothian, this new facility in Cumbernauld allows the company to concentrate its launch development prac

The auditor of now-collapsed Laura Ashley, UHY Hacker Young (UHY), has been fined £300,000 by the Financial Reporting Council (FRC) for failing to highlight serious financial issues at the design company and its imminent danger of collapse. The FRC issued a Final Settlement Decision Notice and

Planning permission in principle has been granted by West Lothian Council for a new film studio to be created in Bathgate. Permission in principle is granted for 11,148 sqm of business, general industry and storage and distribution for use as film/studio/stage developments.

Scottish wireless communications tech company, pureLiFI, has received £10 million in funding from the Scottish National Investment Bank. The following the funding, the Edinburgh based firm is planning a global roll out of their technology, which uses light to transmit data rather than conventi

A Perthshire-based dental firm has completed the take-over of a second Scottish borders dental practice as part of a £2 million investment into the growing business. Peebles’ Kingsmeadows Dental Practice has been acquired for £450,000 by Infinityblu Dental Care and Implant Clinic t

Burges Salmon has advised Cytomos Limited on its £1.6 million funding from a trio of investors to progress the development and qualification of its novel cell analysis platform, Cytomos Dielectric Spectroscopy (CDS).The fundraising was led by existing investor Archangels with participation fro

One of Scotland’s scenic hotels, The Drovers Inn at Inverarnan, Loch Lomond has been sold for over £3 million.

Integrated Graphene, a Stirling-based technology development and integration company, has announced plans to invest up to £8 million in scaling up its 3D Graphene foam, Gii, manufacturing process to meet surging global demand from the human diagnostics and energy markets. Founded in 2016, Inte