Business

Edinburgh start-up HeatFix Scotland hopes to create 20 new jobs in the city within the first year of operation. Founded by former Royal Navy helicopter engineer Andrew Lamond, the new boiler repair business launches this month.

Scotland’s all-female angel group Investing Women Angels (IWA) has announced major growth plans as it restructures ahead of launching a new IW AccelerateHER Fund for female-founded companies in Scotland. IWA has announced its collaboration with the Scottish National Investment Bank (SNIB) to d

Ahead of National Apprenticeship Week (7-13 February), new research from Grant Thornton shows that the mid-market is increasingly making use of apprenticeships as a means of upskilling their people at all levels.

Reward Finance Group is continuing with its ambitious UK expansion plan with the opening of a Scottish office, led by hugely experienced business finance specialist, Brian Machray. Scottish-born Brian joins the alternative funder from Allied Irish Bank where he headed up a division specialising in f

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

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.

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 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 £

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

UK holiday specialist Caledonian Leisure Ltd is targeting further growth in 2022 as it looks to build on a successful first year.

Ownership of Kidzcare, an Edinburgh childcare company, has been handed over to its 150 dedicated staff in what is believed to be a sector first in Scotland. Kidzcare has announced its transition to employee ownership with 100% of the company shares now placed into an Employee Ownership Trust (EOT) b

Loganair, the UK’s largest regional airline, has today marked its 60th anniversary – a major milestone for the longest-serving name in the UK airline industry.

Growth Capital Ventures has led a £1.3 million super seed investment round into Business Finance Market (BFM), a fintech platform set to boost access to finance for the country’s 5.9 million SMEs. The funds will be used to drive the development of BFM’s technology forward and furth