News

St Andrews-based investment firm Eos Advisory has entered into a strategic partnership with US-based Kineticos Life Sciences to co-invest in early stage Scottish life sciences companies. The venture partnership aims to invest over £10 million over the next five years in oncology-focused life s

Global exports of Scotch whisky fell by more than £1.1 billion during 2020, according to figures released today by the Scotch Whisky Association (SWA).

Businesses across Scotland are to benefit from a £1 million funding boost from The Data Lab, Scotland’s Innovation Centre for data and AI. The Data lab has announced two new funding schemes – Data Skills for Work, and an SME data internship grant – to support further bus

NatWest Group has launched a joint offering with green energy tech company Octopus Energy to help people and businesses go green, demonstrating the bank’s commitment to playing an active role in tackling climate change as part of its purpose-led strategy. The package is available to NatWest Gr

Wholesums, launched last year by the Taylor family behind Mackie's Crisps, has invested £750,000 in a new production facility in Errol, Perthshire to produce a healthy vegetable chip. Wholesums is made thanks to an innovative slow baking process that – unlike other “popped snacks&r

Scottish construction chiefs are calling for the Treasury to change VAT reforms which they argue could cripple them further and cause massive job cuts.

Demand for detached houses in the UK has boomed during the coronavirus pandemic, pushing prices three times faster than for flats, according to new figures released by Halifax.

Michelle Maddox, the owner of the world’s only clootie dumpling shop, Clootie McToot, has secured her dream retail deal in which her products will be sold by John Lewis. In a blog post written last year, Ms Maddox listed her three dream retailers for her products, those being Fortnum & Mas

HM Revenue and Customs (HMRC) is encouraging married couples and people in civil partnerships across Scotland to sign up for a tax break this year. Marriage Allowance offers individuals the chance to transfer part of their Personal Allowance to their husband, wife or civil partner, which could reduc

Young people, those made redundant, and people who have been unemployed for a long time, will be able to access more support thanks to an additional £125 million from the Scottish Government. Announced in the latest Budget, the funding will help people impacted by the coronavirus pandemic acce

A drawing by Vincent Van Gogh is expected to fetch up to £7 million at an upcoming auction.

North Star Shipping, Britain’s largest offshore emergency response and rescue vessel (ERRV) operator, has secured a new £40 million finance package from Bank of Scotland as it pursues growth in its North Sea operations. The term loan and revolving credit facility puts in place long term

Infrastrata has acquired the Methil and Arnish yards from the collapsed Scottish manufacturer Burntisland Fabrication (BiFab) for £850,000.

Iain Young considers the year ahead in tax. One of the most hackneyed phrases found in articles written by lawyers is that in this world nothing can be said to be certain, except death and taxes. 

Audit, tax and consulting firm RSM has predicted that insolvencies will double in 2021 when government support, such as the furlough scheme and bounce back loans, ends. According to the Insolvency Service, there were 12,557 company insolvencies in 2020, down on the 17,225 the previous year.