Business

Edinburgh-based Intelligent Growth Solutions (IGS) has successfully raised £22.5 million in a Series C funding round to support significant global expansion as the business deploys its vertical farming technology to customers worldwide.

Scotland's economy is "stuck in a low growth cycle", according to the latest Scottish Chambers of Commerce Economic Indicator.

InnoScot Health is urging Scottish innovation and science collaborators to take advantage of a £7.5 million pot of grant funding available from Innovate UK.

A drone technology manufacturer has received almost £1 million from Scottish Enterprise to support the development of a new hybrid, heavy-lift, unmanned aircraft capable of operating on less than 30% of the aviation fuel used by a helicopter. Flowcopter designs and manufactures Unmanned Aerial

The Federation of Small Businesses (FSB) has urged the UK government to consider removing the “barrier to growth” many small businesses are faced with by raising the VAT threshold. FSB's new paper, "VAT for Small Businesses", suggests revamping the VAT system could be the key to unlockin

Menzies Parcels, a subsidiary of Menzies Distribution, is on the brink of closure, putting approximately 270 jobs at risk in the north of Scotland.

Firms that comply with the UK Corporate Governance Code have a lower chance of surviving a financial crisis, a new study has revealed. However, appointing an insider CEO and increasing the number of board committee members can boost the chances of survival, researchers claim.

POTR, a Scottish start-up behind the world’s first origami self-watering plant pot has sealed a major distribution deal in Japan, where it’s believed the art of paper folding began to flourish more than 1,000 years ago. The move will see POTR launch its products in more than 100 outlets

Glasgow-based coffee roaster Matthew Algie has formally merged, solidifying its position as a premier coffee roaster in the UK and Ireland. Acquired by Hamburg-based Tchibo in 2016, and Capitol Foods in 2018, the parent company Tchibo, recognising the strong values and reputation for quality and sus

Inverness-headquartered RSE has posted revenue of £198 million, 71% higher than the previous year (£115m), in latest its financial statements to March 2023. Operating profit also increased to £14.0m compared to £6.5m in the prior year.

Growth capital investor BGF has successfully completed its exit from Glasgow-based independent IT managed service provider Kick ICT. LDC, the private equity investor affiliated with Lloyds Banking Group, has made a significant investment in the company. BGF originally invested £8.5 million in

A Glasgow agency originally set up in the 1980s by a late veteran of the city’s advertising industry has almost doubled its sales in the last year. GRA – started as Guy Robertson Advertising in 1986 – is now run by the eponymous founder’s daughter, Jemma Robertson, 26, and ex

Archangels invested more than £13.8 million during 2023 in eleven of Scotland’s best early-stage tech and life science companies. The total investment for 2023 among 11 businesses represents a small increase on Archangels’ investment activity in 2022 (£13.4m).

Ice-cream brand Mackie’s of Scotland has recorded an impressive 15% increase in turnover, for the financial year ending May, 2023 from £17.7 million to £20.8m, but this was not translated into increased profits, which stayed static at £1.1m as the family-owned business absorb

Scottish jeweller and watch seller Laings has hailed a 5% increase in turnover to £63.3 million for the year ended 31 May 2023. However, the firm's pre-tax profits dropped slightly to £3.7m from £5.45m.