Venture Capital (VC) investment in Scotland’s scale-up businesses more than doubled in 2021 as global investors continued to look beyond London last year, according to the latest figures from KPMG. Scotland’s scale-up businesses finished 2021 on a high with almost £100 million in V
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Argyll Holidays, a Scottish holiday brand, has been sold to the international resort operator Cove Communities. Argyll Holidays, which owns eight holiday parks across Argyll and Bute, will be the fifth acquisition by Cove Communities under Mark Seaton as managing director of Cove UK.
Barclays has today launched a package of support aimed at boosting small businesses, with the bank set to host masterclasses that will focus on managing cash flow, business growth and support for wellbeing. The classes are open to all small business owners, with national events focused on the hospit
KPMG partners were given a six-figure pay rise in 2021 despite regular criticism from regulators throughout the year. KPMG's 571 partners took home an average of £688,000, 20% more than the £572,000 received in 2020.
In 2021, deals led by angel syndicate members of LINC Scotland secured in total £146 million funding for young companies with high growth potential, almost double the amount raised in 2020, and 70% higher than the record set in 2019. Before the pandemic struck, 2019 had been a high point in th
Aberdeen-based intelligent energy management and storage technologies specialist, Verlume, has received a £2.5m investment from a consortium led by Par Equity. Par Equity, a venture capital firm based in Edinburgh, specialises in investing in innovative technology companies and was joined by e
The Pope has commended the work of tax collectors, offering words of encouragement to those whose "work appears to be thankless".
The £4.3 billion of Covid loans that may have to be written-off by The Treasury due to fraud and highlighted by the resignation of Lord Agnew last week, could be eclipsed by businesses failing to repay their CBILs and BBLs Covid support loans, Blair Milne, head of Restructuring with Azets in S
The Cumberland Building Society has announced a six‐figure investment to support a luxury hotel rebrand and refurbishment project in Oban. The Cumberland has financed more than 60% of the acquisition of the hotel in the seaside town of Oban.
An upturn of confidence following the gradual easing of Covid restrictions is fuelling an increase in investor confidence and sparked a record year for the Scottish Corporate Finance team at Grant Thornton. Over the last calendar year, the team completed 13 deals across the country, totalling £
Annual house price growth increased to 11.2% in January, from 10.4% in December, according to the latest Nationwide UK House Price Index.
Glasgow-based Talking Medicines, the world’s first Artificial Intelligence (AI) driven patient intelligence company designed to meet the needs of pharma, has closed a £1.5 million funding round to support its ambitions for expansion into the US. Boston based life science investor Mark Ba
Digital Xtra Fund, a Scottish charity that is backed by both the public and corporate sectors, has invited applications for initiatives to drive digital skills for young people across Scotland in 2022/23.
PwC is set to recruit more than 100 people into its growing financial services practice as Scotland’s business community adjusts from the disruption of the Covid-19 pandemic and looks towards a sustainable and inclusive future. Representing a 10% uplift in PwC’s total headcount across Sc
The Competitions and Markets Authority (CMA) has written to digital bank Monzo about a breach of the Retail Banking Market Investigation Order 2017 in relation to the bank's monthly maximum charge. This requires banks and building societies to specify, for each Personal Current Account (PCA) product