Business

Edinburgh-based investment syndicate Archangels invested a total of £13.4 million in 11 early-stage tech and life science companies in Scotland in 2022. The total investment for 2022 among 11 businesses marks a 14% increase on Archangels’ investment activity in 2021 (11.8m).

Highlands and Islands Enterprise (HIE) has approved more than £1.9 million in investments across Argyll and the Islands in the first half of the 2022 financial year. Between 1 April and 30 September, Arran Aromatics was awarded up to £80,226 for the development of a new filling line. Mor

Glasgow-headquartered Wholesale Domestic has consolidated its business resources after securing a £4.2 million loan from Barclays and is set for investment and growth in 2023 alongside the firm's 60th anniversary. The third-generation family business is a bathroom retailer and in addition

A South Uist smokehouse has received £170,000 in support from the Bank of Scotland to expanding its footprint and introducing new products. Salar Smokehouse, a producer of smoked salmon and trout, opened on the Isle of Benbecula in South Uist in 1997.

Ultrasound sensor specialist Novosound has signed a commercial partnership agreement with PAVmed Inc, the Nasdaq-listed diversified medical technology company, to develop technology aimed at advancing intravascular imaging. The PAVmed agreement furthers Novosound’s move into healthcare, and it

Fleet vehicle graphics firm, OPG, has successfully completed a multi-million management buy-out (MBO) deal thanks to a six-figure funding package from UKSE, alongside input from private investors. Allan Hamilton has been appointed as managing director, taking the reins from Owen Pilling who formed t

Empteezy Group, a Livingston-headquartered designer, manufacturer and distributor of industrial safety products and solutions, has been acquired in a management buy-out. The management buy-out has been led by Empteezy CEO David Byrne and CFO Jon Hazlewood. The team will be further bolstered by the i

Anderson Strathern has reported its most successful year ever for investment deals. The corporate investment team, led by Euan Tripp, advises some of Scotland’s most active investors – spanning private equity funds, institutional investors, angel syndicates, family offices and high net w

Isle of Harris Distillers has secured a £10 million funding package from HSBC UK as it sets its sights on further international expansion.

The luxury Gleneagles Hotel in Auchterarder has rebounded after two years of multi-million-pound losses posting a £50 million rise in sales.

Irn-Bru producer AG Barr has announced that it has acquired the remaining 38.2% equity stake in MOMA Foods Limited, the London-based oats producer, from founder Tom Mercer, and the other minority shareholders, for a total cash consideration of £3.4 million.

Real estate advisor CBRE has completed the sale of Dumfries Retail Park on behalf of a local government pension fund for £11 million.

Scottish Enterprise’s support is forecast to generate £709.74 million of Scottish innovation expenditure. The agency approved £120m in grant funding and equity investment for innovation activities in the 2021-22 financial year, which is now calculated to deliver a further £50

A Scottish sustainable packaging pioneer has clinched the EY Entrepreneur Of The Year 2022, UK Transformational Leader title. Glasgow-based David MacDonald, owner of Cullen Eco-Friendly Packaging, won the hotly-contested national award at the recent EY Awards ceremony in Manchester. A panel of entre

Edinburgh-based manufacturer of golf technology and improvement products Shot Scope has raised £2.7 million in a series A funding round headed by Guinness Ventures which invested £2.1m. The round also includes investment from the Scottish Investment Bank, Old College Capital – the