News

Start-ups whose routes for investment and growth have been impacted by COVID-19 will be eligible for support through a new £38 million package announced by the Scottish Government today. The package, to be managed by Scottish Enterprise, will include three levels of support to meet the needs o

Auditors have warned that the COVID-19 pandemic has brought additional risks of public sector fraud risks in Scotland. Public sector staff working remotely and under extreme pressure are among the new risks set out in a new report from the National Fraud Initiative (NFI) co-ordinated by Audit Scotla

An Midlothian company researching ground-breaking new haemophilia treatments has secured £1.1 million in investment to advance its R&D programme with the help of Kelvin Capital. ProFactor Pharma Ltd (PFP), based outside Edinburgh at the Easter Bush campus, has received the second tranche o

A coalition of economists, charities, think tanks and businesses have called on the Scottish Government to make a "nationwide pivot towards community-led social enterprises" as part of the economic recovery from COVID-19. In an open letter to First Minister Nicola Sturgeon, the coalition criticised

The Financial Reporting Council (FRC) is seeking to slap Big Four audit firm Deloitte with a record £15 million fine in connection with failures in its audit of Autonomy. An FRC Tribunal ruled yesterday that Deloitte "failed to discharge its public interest duty" in its audit of Autonomy prior

Scottish accountancy firm Wylie & Bisset has pronounced "the death of the business suit" following the COVID-19 pandemic.

Scotland's finance minister Kate Forbes is being urged to match England's stamp duty tax cut for house buyers.

The Financial Reporting Council (FRC) has fined Grant Thornton for repeated breaches of ethical standards. Such breaches included failing to maintain its independence over its audit of collapsed alcohol firm Conviviality.

In the second quarter of 2020, angel syndicate members of LINC Scotland maintained the high level of equity investment activity seen in the first quarter, bucking the trend of a decline of investment in companies generally during the coronavirus pandemic. Taking these first two quarters of

Around £75 million has been wiped off the value of The Events Complex Aberdeen (Teca), by KPMG's audit of Aberdeen City Council's books. The Big Four firm has revealed that the exhibition centre, which includes the P&J Live arena, two hotels and an energy centre, is now worth around 80% of

The take-up of industrial & logistics space as hit record levels in Scotland in the first half of 2020, according to Savills latest Big Shed Briefing. The occupation of such units reached 704,531 sq ft (65,453 sq m) across four transactions, marking a 165% increase on the long-term half-year ave

Helen Foord, founder of Edinburgh-based professional services communications agency ELE Global, shares her top five apps/programmes/systems which will help to run businesses virtually. We're actually in the process of reviewing all of our technology at the moment and that would be one of my key

Glasgow-based Maven Capital Partners has become an accredited lender under its Midland Engine Debt Fund, which is backed by a Coronavirus Business Interruption Loan Scheme (CBILS) guarantee. Under the scheme, Maven will now be able to provide financial support to smaller business which have bee

The Edinburgh Tax Network, in conjunction with Mazars and Terra Firma Chambers, will present a webinar for those looking to plan their personal finances during and beyond the COVID-19 crisis on 16 July 2020 from 1pm to 2.30pm. With speakers, Kenny Stevenson (Financial P

In yesterday's summer economic statement, chancellor Rishi Sunak announced a number of measures aimed at supporting the UK economy in the wake of the coronavirus pandemic, such measures include a temporary 5% VAT cut for the food and hospitality industry. The cut marks a significant reduction from t