Business

Glasgow-based food tech firm ENOUGH has successfully raised €40 million (£34.2m) in a recent growth funding round. The funding was co-led by Europe's renowned climate tech venture capitalist, World Fund, and prominent food tech investor, CPT Capital. Notable investors such as AXA IM Alts,

Highlands and Islands Enterprise (HIE) has revealed that businesses and communities supported by the agency in 2022/23 are set to create or retain more than 1,400 jobs across the region over the next three years, including 159 in fragile areas. HIE surpassed almost all of its set targets for the yea

Sunhope Packaging Machinery (ZHENJIANG) Co., Ltd which offers packaging solutions worldwide, has announced it is setting up a new UK division called Sunhope Packaging Machinery (UK) Ltd in Glenrothes.

Scottish retail sales witnessed a sharp decline in July, with factors including inclement weather and unfavourable economic conditions weighing heavily on the industry, as per data from the Scottish Retail Consortium (SRC). July's sales showed a modest growth of 4.6% compared to July 2022, but this

The University of Edinburgh's The Data Lab has unveiled a new AI-powered tool, 'Funding Finder', aimed at streamlining the process for businesses seeking financial backing across the UK. The tool aims to efficiently match businesses with the most suitable funding bodies, addressing the challenges of

Bathgate-based Clarus Networks, a provider of business-critical connectivity solutions, has received a combined £50,000 in grants from West Lothian Council to accelerate its expansion plans. The award, comprising a £40,000 Growth Assistance Project Grant and a £10,000 Digital Devel

Manju Malhotra, chief executive officer of luxury retailer Harvey Nichols, has stepped down from her position. The decision comes after Ms Malhotra clashed with the brand's Chinese owner, Sir Dickson Poon, over growth strategies, the Retail Gazette reports.

Recent government research has highlighted a waning faith amongst UK companies in the benefits of new free trade deals post-Brexit.

There was a notable increase in company insolvencies last month with 97 cases registered in Scotland, marking a 41% rise from the previous year. These insolvencies were spread across 44 compulsory liquidations, 51 CVLs (Company Voluntary Liquidations), and two administrations. There were no instance

Scottish businesses are bearing the weight of both the prolonged effects of the pandemic and the mounting financial challenges stemming from escalating interest rates, which have intensified debt costs. Business rescue and recovery specialist Begbies Traynor unveiled that there was a year-on-year su

Aberdeen's local enterprises have benefitted from over £2 million in funding distributed via the British Business Bank’s Start Up Loans programme. Since the scheme's introduction in 2012, the Granite City has seen a total of 189 loans disbursed, with each business securing an average of

The Monachyle Mhor Hotel is primed for significant infrastructural enhancements, thanks to £1.7 million in funding from the Cumberland Building Society. The Mhor Estate, owned by 53-year-old chef and hotelier Tom Lewis, encompasses a boutique hotel, Mhor 84 roadside motel, Calair Cottage self-

Scottish salmon exports have racked up an impressive £306 million in sales between January and June, driven predominantly by the increasing demand in Asian and American markets.

Glasgow-based nuclear services firm JFN Limited, which was sold earlier this year for just £3, has gone into administration. FTI Consulting has been appointed as administrator of the firm, stating that the company has "insufficient cash resources to continue to trade beyond the short term

A project by Ness Engineering Ltd to provide more sustainable and environmentally friendly services for its clients has secured up to £86,625 from Highlands and Islands Enterprise (HIE).