News

Scotland’s cities and sectors are emerging as key drivers of international investment, according to the latest Foreign Direct Investment (FDI) Report published by Irwin Mitchell and Wright, Johnston & Mackenzie LLP (WJM). The report highlights Scotland’s pivotal role in attracting ov

Chancellor of the Exchequer Rachel Reeves spoke at Siemens Healthineers in Oxfordshire on 29 January 2025. Rachel Reeves stressed why economic growth matters, how to achieve it, and "what we are going to do further and faster to deliver it."

Glasgow Fort has reported a strong end to the year with December seeing a 10.6% increase in footfall from 2023, following a series of major new store openings providing greater choice for shoppers.

The Scotland and Northern Ireland team of BGF, a growth capital investor, reported strong investment activity through 2024, investing close to £50m and announcing three successful exits. As well as new investment and follow-on activity BGF announced the successful exits of Kick ICT, Keenan Rec

Research amongst 1,500 UK parents with children aged 0-15 years, conducted by 3Gem on behalf of Scottish Friendly, shows six out of 10 (58%) of parents are concerned their child won’t be able to afford to live independently. With over half (55%) worried that the cost of the deposit for a rente

Scottish soft drinks maker AG Barr saw its shares climb after reporting a 5% rise in annual revenue, driven by strong performances from its core brands. Turnover for the year ending 25 January is expected to reach approximately £420 million, up from £400m the previous year. Irn-Bru, Rubi

Bank of Scotland-owner Lloyds Banking Group has confirmed it will close a further 136 branches by March next year, citing a significant shift towards digital banking among its customers.

Livingston Designer Outlet has marked a record-breaking 2024, celebrating its highest annual sales to date. Across the year, sales across all categories saw significant growth, with Outdoor and Catering emerging as top-performing categories, recording impressive increases in sales by +35% and +14% r

A producer has started her own independent TV production company, based in Inverclyde, after she received specialist support from Business Gateway. Rachel-Anne Clarke founded Pure Leo Ltd. in March 2023. The business is the only TV production company with a live events arm, and is also looking to ex

Set to revolutionise the private whisky bottling world, Edinburgh-based Scottish Edge 2024 champions Tailored Spirits Co has secured £100k funding at Scotland's biggest business funding competition and now launches its first-ever series of whiskies under the brand name The Experimental Series.

The Scottish Government is urging closer energy cooperation with Europe to reduce energy bills and stimulate investment. In a report published ahead of planned UK government talks with the EU, Holyrood has outlined several opportunities for greater alignment with the European Union on energy.

Scotland's onshore GDP fell by 0.5% in November 2024, following a revised contraction of 0.4% in October. Over the three months to November, GDP shrank by 0.3%, a slowdown compared to the 0.4% growth seen in the third quarter of 2024 (July to September).

A lord ordinary has ruled that a waste management company is entitled to sue the Scottish Government over its decision to delay the coming into effect of the Deposit Return Scheme for Scotland. Biffa Waste Services Ltd, which committed around £51.4 million towards implementation of the DRS, so

Andy Curran, CEO of Standard Life, part of Phoenix Group, has decided to retire in the summer of 2025 after a transformative five year tenure in which the business has become a key driver of the group’s organic growth. In 2020, Mr Curran set out a growth strategy for Standard Life which focuse

The latest round of the Scottish Inward Investment Catalyst Fund (IICF) has awarded three projects up to £10,000 each. The fund, supported by Interface and the Scottish Government, attracts investment through R&D with Scottish universities.