Business

Scottish tidal energy firm QED Naval has secured over £1.5 million of funding with over 1,100 investors participating in a Seedrs campaign. Further investment was provided by Kelvin Capital, whose members have supported the business from an early stage. Scottish Enterprise awarded match fundin

Perth-based energy company SSE has reported a 221% jump in adjusted pre-tax profits year on year in the six months to the end of September reaching £559 million as energy prices across the UK continued to increase this year. Energy firms have increasingly come under fire from the British publi

Aosdàna, a jewellery design and manufacturing business based in Iona, is successfully developing its online presence and is set to expand into international markets after receiving advice, support, and signposting to funding from Business Gateway. Aosdàna designs and manufactures conte

Clark Contracts has secured over £30 million in new orders in October, a record month for the Paisley-based contractor. The new orders include the £8m design and build of a new industrial unit within Belgrave Logistics Park in Bellshill for Knight Property Group.

Glasgow-based hotel owner and developer, Molo Hotel Group, has this week completed the acquisition of the Hotel Alexandra, Rome. The Hotel Alexandra is Molo’s first acquisition in Continental Europe, following last years’ purchase of the Manchebo Beach Resort and Spa in Aruba adding to t

Edinburgh-based mobile car care startup Fresh Car has secured a £500,000 investment led by Foresight Group. The firm has doubled headcount since the beginning of the year, while expanding across the UK and Ireland, and launching a ‘SMART repair’ business in Edinburgh ahead of a pla

Prime Minister Rishi Sunak has announced a £4.2 billion contract to build five new Royal Navy frigates on the Clyde and support 1,700 jobs in Govan and Scotstoun. Delivering on ambitions laid out in the National Shipbuilding Strategy Refresh earlier this year, the contract awarded to BAE Syste

Local businesses are being invited to sign-up for a Johnstone Town Hall event on Tuesday 29 November at at 9am, designed to help them bid for Renfrewshire Council contracts. The council is hosting the event to make sure as much as possible of the £200m it spends on external contracts each

Clothing brand Abercrombie & Fitch has leased a space in Edinburgh as it plans to open its first Scotland store.  Savills, on behalf of Patrizia, has let the 65 George Street location in Edinburgh to AFH Stores UK Ltd.

At the UK level, a fall in permanent staff hires was also noted, with the rate of decline similar to that seen in Scotland. Hiring activity across Scotland fell into decline during October, with both permanent staff appointments and temporary billings contracting, according to the latest Royal Bank

On the new build front, the average price has risen by 6% over the past year in Edinburgh and 12% in Glasgow. Scotland has seen some of the strongest apartment rental price rises in the past five years, with Glasgow and Edinburgh witnessing 51% and 27% respectively, according to research from proper

Par Equity has led a £6.9 million investment round for StretchSense after it expanded its European headquarters in Edinburgh, launching a centre of excellence in AI and spatial computing. The New Zealand tech firm is a specialist in high-precision motion capture technology for the gaming and a

Scotland’s first dedicated trike dealership has launched with support from Business Gateway. Rewaco Trikes Scotland, which is based out of Brechin, launched in April of this year, and is the passion project of Gordon Carr and Ellie Whitehead. The duo loved riding trikes on holiday so much that

Scottish Leather Group has invested £13 million across its businesses as the firm sees a 75% increase in orders year-on-year.

Leap Automation, a Scottish producer of intelligent robotic systems for end of line automation for fresh produce, has received a seven-figure cash injection from Alba Equity and Scottish Enterprise. The significant investment will see the Aberdeen business consolidate its lead in the food packi