News

Edinburgh-based ethical financial institution Capital Credit Union (CCU) has announced that its loan book has exceeded £25 million for the first time in its 35-year history. The union has posted its half year results and revealed its loan book is up 25% on the same period last year, to stand a

The first quarter of 2024 has seen nearly £100 million invested in Scottish businesses, according to KPMG UK. Showing that a total of 19 firms shared £98m in venture capital (VC) investment, the Big Four firm's Private Enterprise Venture Pulse report highlights a notable increase in vent

The Sheriff Appeal Court has refused an appeal by a man who was due payments from a bank for mis-sold payment protection insurance following a 2019 decision that it could not set-off the payments against a discharged protected trust deed debt, upholding a sheriff’s decision that his claim had

Over a third of Scottish construction firms have expressed concerns they won’t be able to trade into 2025, mainly attributing worries to tax considerations and political instability, according to FRP Advisory. Of the senior decision makers surveyed across the Scottish sector, 36% responde

Apex Hotels, a family-owned hospitality group, has recently finalised the acquisition of Meldrum House Country Hotel in Aberdeenshire. Marking its second rural property venture following the purchase of Pine Trees in July 2023, the move adds to the group’s existing UK-wide portfolio, now total

Glasgow-headquartered investment and advisory firm N4 Partners has promoted Andrew Leslie and Ruaridh MacFarlane following its first acquisition for its new property arm, N4 Property. Mr Leslie joined the firm in 2020 and following his new promotion to director, will continue in his operational capa

A medal which was awarded to the co-writer of the UK's 1967 Eurovision-winning song has been sold for £4,000 at auction.

After more than a decade in the making, Shetland is gearing up to welcome its inaugural whisky distillery, Lerwick Distillery, slated for opening later this year. Founded in 2022 by Martin Watt, Caroline MacIntyre and Calum Miller, whose backgrounds in chartered accountancy, hospitali

Ferovinum and The Borders Distillery Company Limited have agreed a £35 million funding package to support the distillery for the next three years. The new arrangement will enable The Borders Distillery to grow its business and develop its core strengths in advance of the eventual release of it

The Scottish National Investment Bank (SNIB) has committed a further £20 million to the mid-market rent strategy managed by Thriving Investments, the social value and ESG-focused real estate fund manager. The bank’s follow-on investment will support the development of up to 100 new homes

The British Business Bank’s Investment Fund for Scotland has agreed £5 million of deals to support the growth of small businesses, just six months since the fund was launched to improve access to finance and provide a boost to the Scottish economy. The milestone comes as five new debt fu

The Chartered Institute for Securities & Investment (CISI) has named Jonathan Gibson, CFP Chartered FCSI, and Shaid Moughal ACSI as new co-presidents for the CISI Scotland committee. They will be taking over from Dorothy Hamilton MCSI.

Unity Trust Bank has promoted Scott Hutchinson to deputy regional director, alongside the appointment of two new relationship managers to its Scotland team. Mr Hutchinson first joined Unity in 2019 as relationship manager, primarily working with independent operators in the charity/third sector

Growth capital investor BGF has made a £2.5 million follow-on investment in Edinburgh-based Hyble, a provider of marketing technology to the global drinks and hospitality sector, as part of a £2.8m funding round.

An artist who was made homeless after being evicted by his private landlord in London has started saving money by effectively commuting from Argentina.